Common use of Scheduled Reduction of Commitments Clause in Contracts

Scheduled Reduction of Commitments. The Borrowers shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 $ 50,000,000 12/31/13 $ 42,500,000 12/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:

Appears in 1 contract

Samples: Loan Modification (Dover Motorsports Inc)

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Scheduled Reduction of Commitments. The Borrowers Borrower shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 03/31/17 $ 50,000,000 12/31/13 $ 42,500,000 12/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:35,000,000

Appears in 1 contract

Samples: Modification and Reaffirmation Agreement (Dover Downs Gaming & Entertainment Inc)

Scheduled Reduction of Commitments. The Borrowers Borrower shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 08/14/14 $ 55,000,000 12/31/14 $ 50,000,000 12/31/13 06/30/15 $ 42,500,000 12/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:47,500,000

Appears in 1 contract

Samples: Modification and Reaffirmation Agreement (Dover Downs Gaming & Entertainment Inc)

Scheduled Reduction of Commitments. The Borrowers Borrower shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 03/31/12 $ 50,000,000 12/31/13 85,000,000 03/31/13 $ 42,500,000 12/31/14 80,000,000 03/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:75,000,000

Appears in 1 contract

Samples: Credit Agreement (Dover Downs Gaming & Entertainment Inc)

Scheduled Reduction of Commitments. The Borrowers shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 03/31/12 $ 50,000,000 12/31/13 60,000,000 03/31/13 $ 42,500,000 12/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:55,000,000

Appears in 1 contract

Samples: Credit Agreement (Dover Motorsports Inc)

Scheduled Reduction of Commitments. The Borrowers Borrower shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each the date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 03/31/18 $ 50,000,000 12/31/13 $ 42,500,000 12/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:32,500,000

Appears in 1 contract

Samples: Modification and Reaffirmation Agreement (Dover Downs Gaming & Entertainment Inc)

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Scheduled Reduction of Commitments. The Borrowers Borrower shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 03/12/13 $ 50,000,000 70,000,000 06/30/13 $ 65,000,000 12/31/13 $ 42,500,000 12/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:60,000,000

Appears in 1 contract

Samples: Loan Modification (Dover Downs Gaming & Entertainment Inc)

Scheduled Reduction of Commitments. The Borrowers shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each the date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 $ 50,000,000 12/31/13 $ 42,500,000 12/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:9/24/19 $30,000,000

Appears in 1 contract

Samples: Fourth Loan Modification (Dover Motorsports Inc)

Scheduled Reduction of Commitments. The Borrowers Borrower shall reduce the total Commitments (and, if necessary, prepay Loans in accordance with Section 2.7 (Optional Prepayments) so that the total Revolving Exposures do not exceed the total Commitments) on each date set forth below to the aggregate amount set forth opposite such date: Date Total Commitments 04/29/13 09/14/15 $ 50,000,000 12/31/13 45,000,000 03/31/16 $ 42,500,000 12/31/14 $ 35,000,000 F. The following is added as a new Section 2.20:40,000,000

Appears in 1 contract

Samples: Modification and Reaffirmation Agreement (Dover Downs Gaming & Entertainment Inc)

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