Common use of Mandatory Adjustments of Commitments, etc Clause in Contracts

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 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), (f5.2(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(f4.3(c), specifying the date and amount of the reduction.

Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Term Loan Commitment and the Revolving Commitment of each Lender) shall terminate on June 15, 1997, unless the Initial Borrowing Date has occurred on or prior to such date. (b) The Total Term Loan Commitment shall (i) be reduced at the time of each incurrence of Term Loans in an amount equal to the aggregate principal amount of the Term Loans so incurred; and (ii) 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 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. (cd) 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(e5.2(c), (fd), (g), (he) or (ig) as if Revolving Loans were then outstanding in the full amount of the Total Revolving Commitment, in an amount at least 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 affected Lenders, and any partial reduction of the Total Revolving Commitment pursuant to this section 4.3(d) shall be in the amount of at least $100,000 (or, if greater, in integral multiples of $100,000). The Borrower Company 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(f4.3(d), specifying the date and amount of the reduction.

Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Commitment (and the Revolving Commitment of each Lender) shall terminate on August 15, 1997, unless the Closing Date has occurred on or prior to such date. (b) The Total Commitment (and the 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 General Revolving Commitment shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of General Revolving Loans would be made pursuant to section 5.2(e), 5.2 (f), (g), (hd) or (i) as if General Revolving Loans were then outstanding in the full amount of the Total General Revolving Commitment, in an amount at least equal to the required prepayment of principal of General 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 General Revolving Commitment of each of the affected Lenders, and any partial reduction of the Total General Revolving Commitment pursuant to this section 4.3(c) shall be in the amount of at least $1,000,000 (or, if greater, in integral multiples of $1,000,000). The Borrower will provide at least three (or such lesser number as the Administrative Agent may permit in the exercise of reasonable discretion) 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 General Revolving Commitment pursuant to this section 4.3(f4.3(c), specifying the date and amount of the reduction.

Mandatory Adjustments of Commitments, etc. (a) The Total Commitment (and the Commitment of each Lender) shall terminate on the date which is the one month anniversary of the Effective Date, unless the Closing Date has occurred on or prior to such date. (b) 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. (b) . The Swing Line Revolving Commitment of the Swing Line 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 shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of General Revolving Loans would be made pursuant to section 5.2(e), 5.2 (f), (g), (hd) or (i) as if General Revolving Loans were then outstanding in the full amount of the Total General Revolving Commitment, in an amount equal to the required prepayment of principal of General 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 General Revolving 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 General Revolving Commitment pursuant to this section 4.3(f4.3(c), specifying the date and amount of the reduction.

Mandatory Adjustments of Commitments, etc. (a) The Total Revolving Commitment (and the Revolving Commitment of each Lender) shall terminate on the earlier of (xi) the Maturity Date and (yii) the date on which a Change of Control occurs. (b) The Swing Line Total Revolving Commitment shall terminate on be permanently reduced at the earlier time that any voluntary prepayment of (x) Revolving Loans is made pursuant to section 5.1, in an amount equal to such prepayment. Any such reduction shall be applied to proportionately and permanently reduce the Maturity Date and (y) the date on which a Change Revolving Commitment of Control occurseach Lender. (c) The Total Revolving Commitment shall be permanently reduced, without premium or penalty, reduced at the time that any mandatory prepayment of Revolving Loans would be made pursuant to section 5.2(e5.2(c), (fd), (g), (he) or (ig) as if Revolving Loans were then outstanding in the full amount of the Total Revolving Commitment, in an amount at least 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 be applied to proportionately and permanently reduce the Revolving Commitment of each of the LendersLender. The Borrower Company 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(f4.3(d), specifying the date and amount of the reduction.

Mandatory Adjustments of Commitments, etc. (a) The Total General Revolving Loan Commitment (and the General Revolving 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. (b) The Total Swing Line Revolving Loan Commitment (and the Swing Line Revolving 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 Loan Commitment shall be permanently reduced, without premium or penalty, at the time that any mandatory prepayment of General Revolving Loans would be made pursuant to section 5.2(e5.2(c), (f), (g), (hd) or (ie) as if General Revolving Loans were then outstanding in the full amount of the Total General Revolving Commitment, in an amount at least equal to the required prepayment of principal of General Revolving Loans which would be required to be made in such circumstance; PROVIDED PROVIDED, that no such reduction in the Total Revolving Commitment occasioned by reference to section 5.2(c), (d) or (e) shall be required as a result of any required prepayment of Revolving Loans to be made which would be attributable to have the receipt effect of Net Cash Proceeds representing proceeds of business interruption insurance or insurance on inventory pursuant to section 5.2(h)reducing the Total General Revolving Commitment below $100 million. Any such required reduction shall apply to proportionately and permanently reduce the General Revolving Loan Commitment of each of the affected Lenders, and any partial reduction of the Total General Revolving Loan Commitment pursuant to this section 4.3(c) shall be in the amount of at least $1,000,000 (or, if greater, in integral multiples of $100,000). 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 General Revolving Loan Commitment pursuant to this section 4.3(f4.3(c), specifying the date and amount of the reduction. (d) The Borrower will, pursuant to section 4.2 or this section 4.3(d), without premium or penalty, permanently reduce the Total General Revolving Loan Commitment by (i) at least $5,000,000, on or before September 30, 1998, (ii) at least an additional $7,500,000, on or before September 30, 1999, (iii) at least an 45 additional $10,000,000, on or before September 30, 2000, and (iv) at least an additional $12,500,000, on or before September 30, 2001. Any such reduction shall apply to proportionately and permanently reduce the General Revolving Loan Commitment of each of the affected Lenders, and any partial reduction of the Total General Revolving Loan Commitment pursuant to this section 4.3(d) shall be in an amount which is an integral multiple of $500,000. The Borrower will provide prompt written notice 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 General Revolving Loan Commitment pursuant to this section 4.3(d), specifying the date and amount of the reduction.