Automatic Reduction of Commitment. The Commitment shall --------------------------------- automatically reduce by the Reduction Amount on each Reduction Date.
Automatic Reduction of Commitment. Subject to the last sentence of Section 2.6, on each Reduction Date, the Aggregate Commitment shall automatically be reduced by the applicable Reduction Amount.
Automatic Reduction of Commitment. Subject to the last sentence of Section 2.5, on each Reduction Date, the Commitment shall automatically be reduced by the Reduction Amount.
Automatic Reduction of Commitment. The Commitment shall automatically reduce (and the Borrower shall make any payments required under Section 4.5.4) on the last day of each March, June, September and December by the amount set forth below: Quarter Ended Reduction in Commitment ($) ------------- ----------------------- September 30, 1997 250,000 December 31, 1997 250,000 March 31, 1998 250,000 June 30, 1998 250,000 September 30, 1998 375,000 December 31, 1998 375,000 March 31, 1999 375,000 June 30, 1999 375,000 September 30, 1999 500,000 December 31, 1999 500,000 March 31, 2000 500,000 June 30, 2000 500,000 September 30, 2000 875,000 December 31, 2000 875,000 March 31, 2001 875,000 June 30, 2001 875,000 September 30, 2001 1,000,000 December 31, 2001 1,000,000 March 31, 2002 1,000,000 June 30, 2002 1,000,000 September 30, 2002 1,500,000 December 31, 2002 1,500,000 March 31, 2003 1,500,000 June 30, 2003 1,500,000 September 30, 2003 1,750,000 December 31, 2003 1,750,000 March 31, 2004 1,750,000 May 15, 2004 All remaining amounts
Automatic Reduction of Commitment. On the Availability Termination Date, the Commitment shall automatically be reduced to an amount equal to the aggregate principal Indebtedness evidenced by the Notes.
Automatic Reduction of Commitment. The Commitment available for Supplemental Loans under Section 2.01(a) shall automatically be reduced to $15,000,000 on the first day of the Second Drawdown Period and to $5,000,000 on the first day of the Third Drawdown Period, subject in each case to Section 3.02.
Automatic Reduction of Commitment. The Commitment shall be --------------------------------- permanently reduced as of the date upon which a Cash Equity Contribution is required to be made under the Keep-Well Agreement by an amount equal to the Banks' Percentage of the portion thereof (if any) attributable to the amount subtracted from the numerator of the Leverage Ratio pursuant to the calculation set forth in Section 2(a) of the Keep-Well Agreement. Any reduction of the ---- Commitment under this Section shall be applied to reduce the Reduction Amount for the most remote Reduction Date (to the extent of such reduction) and thereafter to earlier Reduction Dates (to the extent not previously applied) in the reverse order of their occurrence.
Automatic Reduction of Commitment. Paragraph (a) of Section 2.06 of the Loan Agreement (Reduction of Commitment) is hereby deleted in its entirety.
Automatic Reduction of Commitment. Subject to the last sentence of Section 2.3, on each Amortization Date, the Commitment shall automatically be reduced by the Amortization Amount.
Automatic Reduction of Commitment. The Commitment shall automatically reduce by the amount of $1,600,000 on each Reduction Date.
