Common use of Mandatory Reduction Clause in Contracts

Mandatory Reduction. The Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b)(vii) by an amount equal to the amount of such Excess Proceeds, to the extent a corresponding prepayment was made pursuant to 4.4(b)(iii).

Mandatory Reduction. The If at any time excess proceeds remain after the prepayment of the Term Loan pursuant to Sections 4.4(b)(iii) and/or (iv), the Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b)(viiSections 4.4(b)(iii) and/or (iv) by an amount equal to the amount of such Excess Proceeds, to the extent a corresponding prepayment was made pursuant to 4.4(b)(iii)excess proceeds.

Mandatory Reduction. The If at any time proceeds ("Excess Proceeds") remain after the prepayment in full of Term Loans pursuant to Section 4.4(b), the Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b)(vii4.4(b) by an amount equal to the amount of such Excess Proceeds, to the extent a corresponding prepayment was made pursuant to 4.4(b)(iii).

Mandatory Reduction. The Revolving Credit Commitment shall be permanently reduced on the date of the any required prepayment under Section 4.4(b)(vii4.4(b)(vi) by an amount equal to the amount of such Excess ProceedsProceeds as referred to in such Section 4.4(b)(vi), to the extent a corresponding prepayment was made pursuant to 4.4(b)(iiiSection 4.4(b)(vi).

Mandatory Reduction. The Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b)(vii) by an amount equal to the amount of such Excess ProceedsProceeds as referred to in such Section 4.4(b)(vii), to the extent a corresponding prepayment was made pursuant to Section 4.4(b)(iii).