Scheduled Reductions of Revolving Loan Commitments. The Revolving Loan Commitments shall be permanently reduced on the dates and in the amounts set forth below: Quarter Ending Scheduled Reduction of Revolving Loan Commitments June 30, 2011 $ 5,968,750 September 30, 2011 $ 5,968,750 December 31, 2011 $ 5,968,750 March 31, 2012 $ 5,968,750 June 30, 2012 $ 5,968,750 September 30, 2012 $ 5,968,750 December 31, 2012 $ 5,968,750 March 31, 2013 $ 5,968,750 June 30, 2013 $ 71,625,000 ; provided that the scheduled reductions of the Revolving Loan Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Revolving Loan Commitments in accordance with subsection 2.4B(iv); and provided, further, that the Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans shall be paid in full no later than the Revolving Loan Commitment Termination Date, and the final installment payable by Borrower in respect of the Revolving Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Borrower under this Agreement with respect to the Revolving Loans.”
Scheduled Reductions of Revolving Loan Commitments. Subsection 2.4A of the Credit Agreement is hereby amended by restating the table set forth therein in its entirety as follow: ================================================================================ QUARTER SCHEDULED REDUCTION ENDING OF REVOLVING LOAN COMMITMENTS -------------------------------------------------------------------------------- December 31, 1999 $ 687,500 -------------------------------------------------------------------------------- March 31, 2000 $ 1,718,750 -------------------------------------------------------------------------------- June 30, 2000 $ 1,718,750 -------------------------------------------------------------------------------- September 30, 2000 $ 1,718,750 -------------------------------------------------------------------------------- December 31, 2000 $ 1,718,750 -------------------------------------------------------------------------------- March 31, 2001 $ 2,062,500 -------------------------------------------------------------------------------- June 30, 2001 $ 2,062,500 -------------------------------------------------------------------------------- September 30, 2001 $ 2,062,500 -------------------------------------------------------------------------------- December 31, 2001 $ 2,062,500 -------------------------------------------------------------------------------- March 31, 2002 $ 2,406,250 -------------------------------------------------------------------------------- June 30, 2002 $ 2,406,250 -------------------------------------------------------------------------------- September 30, 2002 $ 2,406,250 -------------------------------------------------------------------------------- December 31, 2002 $ 2,406,250 -------------------------------------------------------------------------------- March 31, 2003 $ 2,406,250 -------------------------------------------------------------------------------- June 30, 2003 $ 2,406,250 -------------------------------------------------------------------------------- September 30, 2003 $ 2,406,250 -------------------------------------------------------------------------------- December 31, 2003 $2,406,250 -------------------------------------------------------------------------------- March 31, 2004 $2,750,000 -------------------------------------------------------------------------------- June 30, 2004 $2,750,000 -------------------------------------------------------------------------------- September 30, 2004 $2,750,000 --------------------------------------------...
Scheduled Reductions of Revolving Loan Commitments. The Revolving Loan Commitments shall be permanently reduced on the dates and in the amounts calculated pursuant to the percentages of the aggregate Revolving Loan Commitments as in effect on October 1, 2001, as set forth below: Date Scheduled Reduction of Revolving ---- Loan Commitments -------------------------------- March 31, 2004 3.00% June 30, 2004 3.00% September 30, 2004 3.00% December 31, 2004 3.00%
Scheduled Reductions of Revolving Loan Commitments. Except as set forth in the following proviso, the Revolving Loan Commitments shall be permanently reduced on the date and in the amount set forth below: ------------------------------------------------------------ SCHEDULED REDUCTION DATE OF REVOLVING LOAN COMMITMENTS ------------------------------------------------------------ June 30, 2005 $175,000,000 ------------------------------------------------------------ ; and provided further, that the scheduled reductions of the Revolving Loan Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Revolving Loan Commitments in accordance with subsection 2.4C.
Scheduled Reductions of Revolving Loan Commitments. The Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans shall be paid in full no later than the Final Maturity Date, and the final installment payable by Borrower in respect of the Revolving Loans on such date shall be in an amount sufficient to repay all amounts owing by Borrower under this Agreement with respect to the Revolving Loans.
Scheduled Reductions of Revolving Loan Commitments. Commencing on June 30, 2003, and on the last day of each calendar quarter ending during the periods set forth below, the Revolving Loan Commitments as of June 29, 2003 shall be automatically and permanently reduced by the percentage amount set forth below (which reductions are in addition to those set forth in Sections 2.5(b) and (c) and 2.6 hereof): Dates of Revolving Loan Commitment Reduction Quarterly Percentage for Reduction of Revolving Loan Commitments as of June 29, 2003 June 30, 2003, September 30, 2003, December 31, 2003 and March 31, 2004 3.125 % June 30, 2004, September 30, 2004, December 31, 2004 and March 31, 2005 4.375 % June 30, 2005, September 30, 2005, December 31, 2005 and March 31, 2006 5.000 % June 30, 2006, September 30, 2006, December 31, 2006 and March 31, 2007 6.250 % June 30, 2007, September 30, 2007, December 31, 2007 and March 31, 2008 6.250 %
Scheduled Reductions of Revolving Loan Commitments. The table set forth in Section 2.4B of the Credit Agreement is amended to read in its entirety as follows: SCHEDULED REDUCTION OF DATE REVOLVING LOAN COMMITMENTS ---- -------------------------- December 31, 2003 $ 28,125,000 March 31, 2004 40,625,000 June 30, 2004 40,625,000 September 30, 2004 40,625,000 ------------ $150,000,000
Scheduled Reductions of Revolving Loan Commitments. The -------------------------------------------------- Revolving Loan Commitments shall be permanently reduced by $10,000,000 on December 31, 2002.
Scheduled Reductions of Revolving Loan Commitments. The Revolving Loan Commitments shall be permanently reduced upon the earlier of (i) the termination of or any drawing on the Palo Alto Letter of Credit or (ii) January 31, 2001 by an amount of $5,000,000.
Scheduled Reductions of Revolving Loan Commitments. The Revolving Loan Commitments shall be permanently reduced on the dates and in the amounts set forth below: QUARTER SCHEDULED REDUCTION ENDING OF REVOLVING LOAN COMMITMENTS ------- ------------------- September 30, 1999 $ 3,500,000 December 31, 1999 $ 3,500,000 March 31, 2000 $ 3,500,000 June 30, 2000 $ 3,500,000 September 30, 2000 $ 3,500,000 December 31, 2000 $ 3,500,000 March 31, 2001 $ 3,500,000 June 30, 2001 $ 3,500,000 September 30, 2001 $ 3,500,000 December 31, 2001 $ 3,500,000 March 31, 2002 $ 4,375,000 June 30, 2002 $ 4,375,000 September 30, 2002 $ 4,375,000 December 31, 2002 $ 4,375,000 March 31, 2003 $ 5,250,000 June 30, 2003 $ 5,250,000 September 30, 2003 $ 5,250,000 December 31, 2003 $ 5,250,000 March 31, 2004 $ 7,000,000 June 30, 2004 $ 7,000,000 September 30, 2004 $ 7,000,000 December 31, 2004 $ 7,000,000 March 31, 2005 $ 9,625,000 June 30, 2005 $ 9,625,000 September 30, 2005 $ 9,625,000 December 31, 2005 $ 9,625,000 ; provided that the scheduled reductions of the Revolving Loan Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Revolving Loan Commitments in accordance with subsection 2.4B(iv).
