Common use of Reduction Amount Clause in Contracts

Reduction Amount. After the prepayment in full of the Term Loans pursuant to Section 2.08(c) above, prepayments of the Revolving Credit Facility made pursuant to Section 2.08(b) (other than pursuant to clause (vi) thereof) shall initially be applied ratably to the outstanding Revolving Credit Loans, and, in the case of prepayments of the Revolving Credit Facility required pursuant to clause (i), (ii), (iii), (iv) or (v) of Section 2.08(b), the amount remaining, if any, after the prepayment in full of all Revolving Credit Loans outstanding at such time may be retained by the Company for use in the ordinary course of its business. The Commitments under the Revolving Credit Facility shall be automatically and permanently reduced by the sum of (i) any mandatory prepayment amount and (ii) any remaining amount retained by the Company, in each case, pursuant to Section 2.08(b)(iii) or (iv) (being, collectively, the "Reduction Amount") which is either applied in repayment of the Revolving Credit Facility in accordance with Section 2.08 or retained after repayment of all outstanding Revolving Credit Loans at the time of such prepayment, as applicable, as set forth in Section 2.05(b)(iii).

Reduction Amount. After the prepayment in full of the Term Loans pursuant to Section 2.08(c) above, prepayments of the Revolving Credit Facility made pursuant to Section 2.08(b) (other than pursuant to clause (vi) thereof) shall initially be applied ratably to the outstanding Revolving Credit Loans, and, in the case of prepayments of the Revolving Credit Facility required pursuant to clause (i), (ii), (iii), (iv) or (v) of Section 2.08(b), the amount remaining, if any, after the prepayment in full of all Revolving Credit Loans outstanding at such time may be retained by the Company for use in the ordinary course of its business. The Commitments under the Revolving Credit Facility shall be automatically and permanently reduced by the sum of (i) any mandatory prepayment amount and (ii) any remaining amount retained by the Company, in each case, pursuant to Section 2.08(b)(iii) or (iv) (being, collectively, the "Reduction Amount") which is either applied in repayment of the Revolving Credit Facility in accordance with Section 2.08 or retained after repayment of all outstanding Revolving Credit Loans at the time of such prepayment, as applicable, as set forth in Section 2.05(b)(iii).