Common use of Mandatory Reduction Clause in Contracts

Mandatory Reduction. On the Revolving Commitment Maturity Date, the Revolving Credit Commitment shall automatically reduce to zero.

Appears in 2 contracts

Sources: Credit Agreement (Homco Puerto Rico Inc), Credit Agreement (Home Interiors & Gifts Inc)

Mandatory Reduction. On the Revolving Commitment Maturity Date, the The Revolving Credit Commitment shall be automatically reduce reduced to zerozero on the Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (Power One Inc), Credit Agreement (Power One Inc)

Mandatory Reduction. On the Revolving Commitment Maturity Date, the ------------------- Revolving Credit Commitment shall be automatically reduce reduced to zero.

Appears in 1 contract

Sources: Credit Agreement (Doskocil Manufacturing Co Inc)