Common use of Mandatory Reduction Clause in Contracts

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

Appears in 4 contracts

Samples: Credit Agreement (La Quinta Inns Inc), Credit Agreement (La Quinta Inns Inc), Credit Agreement (La Quinta Inns Inc)

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

Appears in 3 contracts

Samples: Credit Agreement (Pc Service Source Inc), Credit Agreement (Sunterra Corp), Credit Agreement (Signature Resorts Inc)

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

Appears in 2 contracts

Samples: Security Agreement (Pillowtex Corp), Credit Agreement (Club Corp International)

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

Appears in 1 contract

Samples: Credit Agreement (Compusa Inc)

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