Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
Appears in 68 contracts
Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Alliance Resource Partners Lp), Revolving Credit Agreement (Building Materials Manufacturing Corp)
Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
Appears in 6 contracts
Samples: Intellectual Property Security Agreement (TLC Vision Corp), The Credit Agreement (Eastman Kodak Co), Credit Agreement (Kansas City Southern)
Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility pursuant to clause (a) above by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
Appears in 3 contracts
Samples: Credit Agreement (Ntelos Holdings Corp), Credit Agreement (Ntelos Holdings Corp), Credit Agreement (Ntelos Holdings Corp)
Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if Alliance Resource Fourth Amended and Restated Credit Agreement any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
Appears in 3 contracts
Samples: Security Agreement (Alliance Resource Partners Lp), Security Agreement, Security Agreement (Alliance Holdings GP, L.P.)
Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each permanent reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such permanent reduction of the Revolving Credit Facility.
Appears in 2 contracts
Samples: Loan Credit Agreement (Express Parent LLC), Intercreditor Agreement (Express Parent LLC)
Mandatory. (i) The Letter of Credit Facility shall be automatically and permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit each such Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
Appears in 1 contract
Samples: Credit Agreement (International Rectifier Corp /De/)
Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the U.S. Dollar Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the U.S. Dollar Revolving Credit Facility after giving effect to such reduction of the U.S. Dollar Revolving Credit Facility.
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Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
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Mandatory. (i) The Revolving Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Revolving Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
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Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility Commitments by the amount, if any, by which the amount of the Letter of Credit Facility Commitment exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
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Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
Appears in 1 contract
Samples: Senior Revolving Credit Agreement (Adams Respiratory Therapeutics, Inc.)
Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit A Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit A Facility after giving effect to such reduction of the Revolving Credit A Facility.
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Mandatory. (i) The Each Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the applicable Revolving Credit Facility by the amount, if any, by which the amount of the such Letter of Credit Facility exceeds the applicable Revolving Credit Facility after giving effect to such reduction of the such Revolving Credit Facility.
Appears in 1 contract
Samples: Credit Agreement (Eastman Kodak Co)
Mandatory. (i) The Letter of Credit Facility shall be --------- permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
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Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility. (ii) [Intentionally Omitted]. (iii) The Term Loan Facility shall be permanently reduced from time to time by the amount of each payment or prepayment of principal made in respect of such Facility.
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Mandatory. (iiii) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
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Mandatory. (i) The Letter of Credit Facility shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the amount, if any, by which the amount 43 of the Letter of Credit Facility exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility.
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