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. In addition, the Revolving Credit Commitment shall be permanently reduced by the amount of any prepayment of Revolving Credit Advances pursuant to Sections 2.5(c), (e) and --------------- --- (f) hereof. ---

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

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Mandatory Reduction. On the Revolving Credit Commitment Maturity Date, the ------------------- Revolving Credit Commitment shall be automatically reduce reduced to zero. In addition, the Revolving Credit Commitment shall be permanently reduced by the amount of any prepayment of Revolving Credit Advances required pursuant to Sections 2.5(c), (d) and (e) and --------------- --- (f) hereof. ---.

Appears in 1 contract

Samples: Credit Agreement (Netcom Systems Inc)

Mandatory Reduction. On the Revolving Credit Commitment Maturity Date, the ------------------- Revolving Credit Commitment shall be automatically reduce reduced to zero. In addition, the Revolving Credit Commitment shall be permanently reduced by the amount of any prepayment of Revolving Credit Advances required pursuant to Sections SECTIONS 2.5(c), (d) and (e) and --------------- --- (f) hereof. ---.

Appears in 1 contract

Samples: Credit Agreement (Netcom Systems Inc)

Mandatory Reduction. On the Revolving Commitment Maturity Date, the ------------------- Revolving Credit Commitment shall automatically reduce to zero. In addition, the Revolving Credit Commitment shall be permanently reduced by the amount of any prepayment of Revolving Credit Advances pursuant to Sections 2.5(c), (e2.5(e) and --------------- --- (f) hereof. ---.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

Mandatory Reduction. On the Revolving Commitment Maturity Date, the ------------------- Revolving Credit Commitment shall automatically reduce to zero. In addition, the Revolving Credit Commitment shall be permanently reduced by the amount of any prepayment of Revolving Credit Advances pursuant to Sections SECTIONS 2.5(c), (d) and (e) and --------------- --- (f) hereof. ---.

Appears in 1 contract

Samples: Credit Agreement (Sun Healthcare Group Inc)

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Mandatory Reduction. On the Revolving Commitment Maturity Date, the ------------------- Revolving Credit Commitment shall automatically reduce to zero. In addition, the The Revolving Credit Commitment shall be permanently reduced by (i) the amount of any prepayment of Revolving Credit Advances required to be prepaid pursuant to Sections 2.5(c)Section 2.5(b)(ii) hereof and (ii) $25,000,000 on the date of the issuance of the 2002 Senior Notes. On the Revolving Credit Commitment Maturity Date, (e) and --------------- --- (f) hereof. ---the Revolving Credit Commitment shall be automatically reduced to zero.

Appears in 1 contract

Samples: Credit Agreement (Clubcorp Inc)

Mandatory Reduction. On the Revolving Commitment Maturity Date, the ------------------- Revolving Credit Commitment shall automatically reduce to zero. In addition, the The Revolving Credit Commitment shall be permanently reduced by the amount of any prepayment of Revolving Credit Advances required to be prepaid pursuant to Sections 2.5(c), (e) and --------------- --- (fSection 2.5(b)(ii) hereof. ---On the Revolving Credit Commitment Maturity Date, the Revolving Credit Commitment shall be automatically reduced to zero.

Appears in 1 contract

Samples: Credit Agreement (Clubcorp Inc)

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