Common use of Mandatory Reductions Clause in Contracts

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 4 contracts

Samples: Credit Agreement (TTM Technologies Inc), Credit Agreement (Bradley Pharmaceuticals Inc), Credit Agreement (Racing Champions Corp)

AutoNDA by SimpleDocs

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (iiSections 3.3(b)(ii), (iii) and or (iv), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 3 contracts

Samples: Credit Agreement (Profit Recovery Group International Inc), Credit Agreement (PRG Schultz International Inc), Credit Agreement (PRG Schultz International Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 3 contracts

Samples: Credit Agreement (Glenayre Technologies Inc), Credit Agreement (Medvest Holdings Corp), Credit Agreement (West Corp)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 3 contracts

Samples: Credit Agreement (Consolidated Graphics Inc /Tx/), Credit Agreement (Dan River Inc /Ga/), Credit Agreement (Orthofix International N V)

Mandatory Reductions. (i) On any date that the Revolving Loans are required to be prepaid or the Revolving Commitments are required to be reduced pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv3.3(b), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reductionprepayment.

Appears in 2 contracts

Samples: Credit Agreement (Hunt Manufacturing Co), Credit Agreement (Hunt Manufacturing Co)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.6(b)(ii) (ii), (iii) and - (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 2 contracts

Samples: Credit Agreement (Red Robin Gourmet Burgers Inc), Credit Agreement (Red Robin Gourmet Burgers Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii), (iv) and (ivv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 2 contracts

Samples: Credit Agreement (Sleepmaster LLC), Credit Agreement (Sleepmaster LLC)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.8(b)(ii) (ii), (iii) and (iv)or are prepaid pursuant to Section 6.15, the Revolving Committed Amount shall automatically be automatically permanently reduced by the amount of such required prepayment and/or or reduction.

Appears in 2 contracts

Samples: Credit Agreement (Cottontops Inc), Credit Agreement (Anvil Holdings Inc)

Mandatory Reductions. (A) On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b3.3(b)(iii) (ii), (iii) and (iv), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 2 contracts

Samples: Credit Agreement (Insight Health Services Corp), Credit Agreement (Insight Health Services Corp)

Mandatory Reductions. (i) On any date that the Revolving Loans are required to be prepaid or the Revolving Commitments are required to be reduced pursuant to the terms of Section 2.8(b3.3(b)(iii) (ii), (iii) and or (iv), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reductionprepayment.

Appears in 2 contracts

Samples: Credit Agreement (Hunt Corp), Credit Agreement (Hunt Corp)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.6(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reductionreduction to the extent required pursuant to Section 2.6(b)(v).

Appears in 1 contract

Samples: Credit Agreement (MPS Group Inc)

Mandatory Reductions. (i) On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii2.7(b)(iii), (iiiiv), (v), (vi) and (ivvii), the Revolving Committed Amount and the Revolving Cap shall be automatically and permanently reduced by the amount of such required prepayment and/or reductionreduction to the extent that such prepayment is applied to Revolving Loans or to cash collateralize LOC Obligations.

Appears in 1 contract

Samples: Fourth Amendment and Forbearance Agreement (BGF Industries Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.5(b)(ii) (ii), (iii) and (ivv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Fisher Communications Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii2.8(b)(ii), (iii), (iv) and (iv)v) other than in connection with the Borrower Senior Unsecured PIK Notes, the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Sleepmaster LLC)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), i) - (iii) and (ivv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.6(b) (ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Lower Road Associates LLC)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii2.8(b)(ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (TTM Technologies Inc)

Mandatory Reductions. (i) On any date that the Revolving -------------------- Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii), (iv)(A), (v), (vi) and or (ivviii), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Galey & Lord Inc

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii3.3(b)(ii), (iii) and or (iv), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.5(b) (ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Lower Road Associates LLC)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) ), (iv), (v), (vi), (vii), and (ivviii), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Galey & Lord Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii), (iv) and (ivv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Medsource Technologies Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv3.3(b)(iii), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Simcala Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv3.3(b)(ii), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Westpoint Stevens Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii3.3(b)(ii), (iii) and or (iv), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

AutoNDA by SimpleDocs

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv2.7(b)(ii)—(iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction; provided that the Revolving Committed Amount shall not be reduced to an amount less than $35,000,000 pursuant to this Section 2.6(b) or Section 2.7(b)(v).

Appears in 1 contract

Samples: Credit Agreement (Si International Inc)

Mandatory Reductions. (i) On any date that the -------------------- Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), ) - (iii) and (ivvi), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction. Any such reduction in the Revolving Committed Amount shall be applied to, and serve to reduce, the Regularly Scheduled Reduction Amounts which would otherwise be required under Section 2.7(b)(ii) hereof pro rata as to such amounts.

Appears in 1 contract

Samples: Credit Agreement (Fisher Communications Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Integrated Defense Technologies Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv3.3(b)(vi), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Cluett Peabody & Co Inc /De)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b3.3(b)(i) or (ii), (iii) and (iv), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Benihana Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), i) - (iii) and (ivv), the Available Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii2.7(b)(ii), (iii) ), and (ivv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Right Management Consultants Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv2.6(b)(ii), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reductionreduction to the extent required pursuant to Section 2.6(b)(vi).

Appears in 1 contract

Samples: Credit Agreement (Newark Group Inc)

Mandatory Reductions. (i) On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv3.3(b)(ii)-(vi), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reductionRevolving Loans prepaid.

Appears in 1 contract

Samples: Credit Agreement (Horizon Personal Communications Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv3.3(b)(v), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

Mandatory Reductions. On any date that the Revolving Loans -------------------- are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) ), (iv), (v), and (ivvi), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Advanced Glassfiber Yarus LLC)

Mandatory Reductions. On any date that the Revolving Loans are -------------------- required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) ), (iv), (v), and (ivvi), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction; provided, however, that a permanent reduction in the Revolving Committed Amount shall not occur in connection with a prepayment of Revolving Loans with Net Cash Proceeds from the Subordinated Debt.

Appears in 1 contract

Samples: Credit Agreement (BGF Industries Inc)

Mandatory Reductions. (i) On any date that the Revolving -------------------- Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) ), (iv)(A), (v), (vi), (vii), and (ivviii), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Galey & Lord Inc

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid or the Revolving Commitments are required to be reduced pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv3.3(b)(ii), the Revolving Committed Amount shall automatically be automatically permanently reduced by the amount of such required prepayment and/or reductionprepayment.

Appears in 1 contract

Samples: Credit Agreement (Airgas Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.4(b) (ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Stec, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.