Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on the date of any Mandatory Prepayment Event, the Revolving Commitment shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan pursuant to Section 6.2.2.
Appears in 3 contracts
Samples: Credit Agreement (Primoris Services Corp), Credit Agreement, Credit Agreement (Primoris Services Corp)
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan Loans pursuant to Section 6.2.2.
Appears in 3 contracts
Samples: Credit Agreement (American Railcar Industries, Inc.), Credit Agreement (MPW Industrial Services Group Inc), Credit Agreement (Reinhold Industries Inc/De/)
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment Amount shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan pursuant to Section 6.2.2.
Appears in 2 contracts
Samples: Credit Agreement (Nashua Corp), Credit Agreement (Nashua Corp)
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan pursuant to Section 6.2.2Event.
Appears in 2 contracts
Samples: Revolving Note and Credit Agreement Modification Agreement (International Baler Corp), Credit Agreement (Option Care Inc/De)
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment Commitments shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan Loans pursuant to Section 6.2.2.
Appears in 2 contracts
Samples: Credit Agreement (Xponential Fitness, Inc.), Credit Agreement (Cyalume Technologies Holdings, Inc.)
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan Loans pursuant to Section 6.2.2.
Appears in 1 contract
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan pursuant to Section 6.2.26.2(b).
Appears in 1 contract
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan pursuant to Section 6.2.26.02.(c).
Appears in 1 contract
Samples: Credit Agreement (Janel Corp)
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan pursuant to Section 6.2.25.2.2.
Appears in 1 contract
Mandatory Reductions of Revolving Commitment. After the occurrence and during the continuance of an Event of Default, on On the date of any Mandatory Prepayment Event, the Revolving Commitment shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan pursuant to Section 6.2.2Event.
Appears in 1 contract
Samples: Credit Agreement (Fresh Brands Inc)
