Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Loan Commitment shall terminate on the Revolving Loan Commitment Termination Date.
(b) The Total A Term Loan Commitment shall be reduced (i) on the Closing Date to the amount of A Term Loans then outstanding and (ii) on the date on which any payments of principal on the A Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments.
(c) The Total B Term Loan Commitment shall be reduced (i) on the Closing Date to the amount of B Term Loans then outstanding and (ii) on the date on which any payments of principal on the B Term Loans are made (other than pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payments.
(d) The Total Acquisition Term Loan Commitment shall be reduced (i) on the Acquisition Term Loan Commitment Termination Date to the amount of Acquisition Term Loans then outstanding and (ii) on the date on which any payments of principal on the Acquisition Term Loans are made (other then pursuant to Section 3.02(A)(a)) in an aggregate amount equal to such payment.
(e) The Total Revolving Loan Commitment and the Maximum Swingline Amount shall be permanently reduced, in each case, in the amount and at the time of any payment on the Loans required to be applied to the Revolving Loans, Swingline Loans, Revolving Loan Commitments or Maximum Swingline Amount or to cash collateralize Letters of Credit or Acceptances pursuant to Section 3.02(B)(a).
(f) Each reduction or termination of the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 2.02 shall apply proportionately to the A Term Loan Commitment, the B Term Loan Commitment, Acquisition Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank.
Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Commitment of each Lender) shall terminate on January 31, 1998, unless the Closing Date has occurred on or prior to such date.
(b) The Total Term Loan Commitment shall terminate (and the Term Loan Commitment of each Lender shall terminate) on the earlier of (x) the Maturity Date and (y) the date on which a Change of Control occurs.
(c) The Total General Revolving Commitment (and the General Revolving Commitment of each Lender) shall terminate on the earlier of (x) the Maturity Date and (y) the date on which a Change of Control occurs. The Total Swing Line Revolving Commitment (and the Swing Line Revolving Commitment of each Lender) shall terminate on the earlier of (x) the Maturity Date and (y) the date on which a Change of Control occurs.
(d) The Total Term Loan Commitment shall be permanently reduced , without premium or penalty, at the time of each voluntary prepayment of Term Loans pursuant to section 5.1 and at the time of each mandatory prepayment of Term Loans pursuant to section 5.2(e), in an amount equal to the aggregate principal amount of the Term Loans so prepaid, EXCEPT that if any such prepayment of Term Loans is made pursuant to section 5.2(e) and the Borrower makes the election provided therein to have all or a portion of such principal amount so prepaid available for reborrowing as additional Term Loans, the Total Term Loan Commitment shall not be reduced as to the amount which the Borrower so specifies in such election is to be available for reborrowing as additional Term Loans.
(e) The Total Term Loan Commitment shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of Term Loans would be made pursuant to section 5.2(f) if Term Loans were then outstanding in the full amount of the Total Term Loan Commitment then in effect, in an amount equal to the required prepayment of principal of Term Loans which would be required to be made in such circumstance. Any such reduction shall apply to proportionately and permanently reduce the Term Loan Commitment of each of the affected Lenders. The Borrower will provide at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), of any reduction of the Total Term Loan Commitment pursuant to this section 4.3(e), specifying the date and amount of the reductio...
Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Commitment (and the Revolving Commitment of each Lender) shall terminate on the earlier of (x) the Maturity Date and (y) the date on which a Change of Control occurs.
(b) The Swing Line Commitment shall terminate on the earlier of (x) the Maturity Date and (y) the date on which a Change of Control occurs.
(c) The Total Revolving Commitment shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of Revolving Loans would be made pursuant to section 5.2(e), (f), (g), (h) or (i) as if Revolving Loans were then outstanding in the full amount of the Total Revolving Commitment, in an amount equal to the required prepayment of principal of Revolving Loans which would be required to be made in such circumstance; PROVIDED that no such reduction in the Total Revolving Commitment shall be required as a result of any required prepayment of Revolving Loans which would be attributable to the receipt of Net Cash Proceeds representing proceeds of business interruption insurance or insurance on inventory pursuant to section 5.2(h). Any such required reduction shall apply to proportionately and permanently reduce the Revolving Commitment of each of the Lenders. The Borrower will provide at least three Business Days' prior written notice (or telephonic notice confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), of any reduction of the Total Revolving Commitment pursuant to this section 4.3(f), specifying the date and amount of the reduction.
Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the A Term Commitment, B Term Commitment and Revolving Commitment of each Bank) shall terminate in its entirety on the Expiration Date unless the Initial Borrowing Date has occurred on or before such date.
(b) Each of the Total A Term Commitment and Total B Term Commitment shall terminate in its entirety on the Initial Borrowing Date (after giving effect to the making of A Term Loans and B Term Loans on such date).
(c) The Total Revolving Commitment shall terminate in its entirety on the earlier of (i) the RF Maturity Date and (ii) the date on which any Change of Control occurs.
(d) The Total Revolving Commitment shall be reduced on each of the dates set forth below in the aggregate amount specified opposite such date (each, a "Scheduled Reduction"). Date Amount ----- ------- November 13, 2000 $ 5,000,000 November 13, 2001 $10,000,000
(e) On each date upon which a mandatory repayment of Term Loans pursuant to Section 4.02(A)(c), (d), (e), (f), (g) or (h) is required (and exceeds in amount the aggregate principal amount of Term Loans then outstanding) or would be required if Term Loans were then outstanding, the Total Revolving Commitment shall be permanently reduced by the amount, if any, by which the amount required to be applied pursuant to said Section (determined as if an unlimited amount of Term Loans were actually outstanding) exceeds the aggregate principal amount of Term Loans then outstanding.
(f) Each partial reduction of the Total Revolving Commitment pursuant to this Section 3.03 shall apply proportionately to the Revolving Commitment of each Bank.
Mandatory Adjustments of Commitments, etc. (a) The Total Commitment shall terminate in its entirety on April 9, 1999 unless the Initial Borrowing Date has occurred on or before such date.
(b) The Total Term Loan Commitment shall terminate in its entirety on the Initial Borrowing Date, after giving effect to the making of the Term Loans on such date.
(c) The Total Revolving Loan Commitment shall terminate in its entirety on the Revolving Loan Maturity Date.
(d) Each reduction or adjustment of the Total Term Loan Commitment or the Total Revolving Loan Commitment pursuant to this Section 3.03 shall apply proportionately to the Term Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Bank with such a Commitment.
Mandatory Adjustments of Commitments, etc. (a) The Total ------------------------------------------ Commitment (and the Total Term Commitment and the Total Revolving Commitment) shall terminate on September 30, 1999 if the Initial Borrowing Date has not yet occurred.
(b) The Total Term Commitment shall terminate in its entirety on the Initial Borrowing Date (after giving effect to the making of Term Loans on such date).
(c) The Total Revolving Commitment (and the Revolving Commitment of each RC Lender) shall terminate in its entirety on the earlier of (i) the Revolving Maturity Date and (ii) the date on which any Change of Control occurs.
(d) The Total Revolving Commitment shall be reduced at the time of any mandatory repayment of Term Loans pursuant to Section 4.02(A)(c), (d), (e), (f), (g) or (h) if Term Loans were then outstanding, in an amount, if any, by which the amount of such repayment (determined as if an unlimited amount of Term Loans were then outstanding) exceeds the aggregate amount of Term Loans then outstanding.
(e) Each partial reduction of the Total Revolving Commitment pursuant to this Section 3.03 shall apply proportionately to the Revolving Commitment of each RC Lender.
Mandatory Adjustments of Commitments, etc. (a) The Total ----------------------------------------- Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate on the earlier of (x) the date on which a Change of Control Event occurs and (y) the Maturity Date. In addition, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate on March 30, 1998 unless the Initial Borrowing Date has occurred on or before such date.
(b) The Total Revolving Loan Commitment shall be reduced on each date set forth below by the amount set forth opposite such date below (each such reduction, as the same may be reduced as provided in Sections 3.02 and 3.03(h), a "Scheduled Commitment Reduction"): Date Amount ---- ------ April 30, 2001 $ 2,500,000 July 31, 2001 $ 2,500,000 October 31, 2001 $ 2,500,000 January 31, 2002 $ 2,500,000 April 30, 2002 $ 7,500,000 July 31, 2002 $ 7,500,000 October 31, 2002 $ 7,500,000 Maturity Date $37,500,000
(1) if all or any portion of such Net Proceeds are not so used (or contractually committed to be used) within such one year period, the Total Revolving Loan Commitment shall be permanently reduced on the last day of such period by an amount equal to 75% of such remaining portion and (2) if all or any portion of such Net Proceeds are not so used within such one year period referred to in clause (1) above because such amount is contractually committed to be used and subsequent to such date such contract is terminated or expires without such portion being so used, then the Total Revolving Loan Commitment shall be permanently reduced on the date of such termination or expiration by an amount equal to 75% of such remaining portion.
(d) In addition to any other mandatory commitment reduction pursuant to this Section 3.03 but except as otherwise provided in Section 3.03(f) below, on the date of the receipt thereof by Holdings and/or any of its Subsidiaries, the Total Revolving Loan Commitment shall be permanently reduced by an amount equal to 100% of the proceeds (net of underwriting discounts, fees and commissions and other costs and expenses associated therewith) of the incurrence of Indebtedness by Holdings and/or any of its Subsidiaries (other than Indebtedness permitted to be incurred by Section 8.04 as in effect on the Effective Date).
(e) In addition to any other mandatory commitment reduction pursuant to this Section 3.03 but except as otherwise provided in Section 3.03(f) below, within 10 days following each date on ...
Mandatory Adjustments of Commitments, etc. The Total Commitment shall terminate on the earlier of (i) the Maturity Date, (ii) unless the Required Lenders otherwise consent, the date on which any Change of Control occurs and (iii) June 30, 2002, unless the Restatement Effective Date shall have occurred on or prior to such date.
Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Commitment of each Lender) shall terminate on the Facility Termination Date.
(b) The Total Commitment shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of Loans are required to be made pursuant to Sections 5.2 (d), (e) or (f) in an amount equal to the required prepayment of principal of Loans that would be required to be made in such circumstance (whether or not any Loans are outstanding or any Letter of Credit Outstandings exist). Any such reduction shall apply to proportionately and permanently reduce the Commitment of each of the affected Lenders. The Borrower will provide at least three Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), of any reduction of the Total Commitment pursuant to this Section 4.3(b), specifying the date and amount of the reduction.
(c) The Total Commitment shall be permanently and automatically reduced, without notice of any kind, to (i) $70,000,000 on the first anniversary of the Closing Date, and (ii) $65,000,000 on the second anniversary of the Closing Date. Any such reduction shall apply to proportionately and permanently reduce the Commitment of each of the affected Lenders.
Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Commitment of each Lender) shall terminate on August 17, 2001, unless the Closing Date has occurred on or prior to such date.
(b) The Total Term A Commitment shall terminate (and the Term A Commitment of each Lender shall terminate) on the earlier of (x) the Term A Maturity Date and (y) the date on which a Change of Control occurs.
(c) The Total Term B Commitment shall terminate (and the Term B Commitment of each Lender shall terminate) on the earlier of (x) the Term B Maturity Date and (y) the date on which a Change of Control occurs.
(d) The Total Asset Sale Term Commitment shall terminate (and the Asset Sale Term Commitment of each Lender shall terminate) on the earlier of (x) the Asset Sale Term Maturity Date and (y) the date on which a Change of Control occurs.
(e) The Total Revolving Commitment (and the Revolving Commitment of each Lender) shall terminate on the earlier of (x) the Revolving Maturity Date and (y) the date on which a Change of Control occurs.
(f) The Swing Line Commitment shall terminate on the earlier of (x) the Revolving Maturity Date and (y) the date on which a Change of Control occurs.
(g) Any Incremental Term Loan Commitment shall terminate (and the Incremental Term Loan Commitment of each Lender shall terminate) on the earlier of (x) the date provided in the Incremental Term Loan Assumption Agreement and (y) the date on which a Change of Control occurs.
