Common use of Mandatory Commitment Reductions Clause in Contracts

Mandatory Commitment Reductions. (a) Scheduled Reductions in Facility A Commitment. Commencing March 31, 2000 and at the end of each calendar quarter thereafter, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to the percentage of the Facility A Commitment as in effect on the Agreement Date, as set forth below: Amount of Dates of Facility A Commitment Reductions Each Reduction ----------------------------------------- -------------- March 31, 2000, June 30, 2000, September 30, 2000 and December 31, 2000 2.500% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 3.750% March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 5.000% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 6.250% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 7.500% (b) Excess Cash Flow Recapture. Commencing on March 31, 2000 and on each March 31st and September 30th occurring thereafter during the term of this Agreement, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to fifty percent (50%) of Excess Cash Flow, determined for the two (2) consecutive fiscal quarters then ended. (c) Reductions in Facility B Commitment and Facility C Commitment from Subordinated Debt Proceeds. The Facility B Commitment and the Facility C Commitment shall be automatically and permanently reduced, pro rata between the Facility B Commitment and the Facility C Commitment, in an amount equal to the aggregate amount of any Subordinated Debt (net of reasonable and customary transaction costs) issued by the Borrower or any of its Restricted Subsidiaries on or after the Agreement Date immediately upon the issuance thereof. The Borrower shall make a repayment of the Loans outstanding under the applicable Commitment, together with accrued interest thereon, on or before the effective date of each reduction in such Commitment under this Section 2.5, such that the aggregate principal amount of the Loans outstanding under such Commitment at no time exceeds such Commitment as so reduced. Any remaining unpaid principal and interest under the Commitments shall be due and payable in full on the Maturity Date, and the Commitments shall thereupon terminate to the extent not previously terminated.

Mandatory Commitment Reductions. (a) Scheduled Reductions in Facility A Commitment. Commencing March 31, 2000 and at the end of each calendar quarter thereafter, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to the percentage of the Facility A Commitment as in effect on the Agreement Date, as set forth below: Amount of Dates of Facility A Commitment Reductions Each Reduction ----------------------------------------- -------------- --------------- March 31, 2000, June 30, 2000, September 30, 2000 and December 31, 2000 2.500% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 3.750% March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 5.000% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 6.250% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 7.500% (b) Excess Cash Flow Recapture. Commencing on March 31, 2000 and on each March 31st and September 30th occurring thereafter during the term of this Agreement, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to fifty percent (50%) of Excess Cash Flow, determined for the two (2) consecutive fiscal quarters then ended. (c) Reductions in Facility B Commitment and Facility C Commitment from Subordinated Debt Proceeds. The Facility B Commitment and the Facility C Commitment shall be automatically and permanently reduced, pro rata between the Facility B Commitment and the Facility C Commitment, reduced in an amount equal to the aggregate amount of any Subordinated Debt (net of reasonable and customary transaction costs) issued by the Borrower or any of its Restricted Subsidiaries on or after the Agreement Date immediately upon the issuance thereof. The Borrower shall make a repayment of the Loans outstanding under the applicable Commitment, together with accrued interest thereon, on or before the effective date of each reduction in such Commitment under this Section 2.5, such that the aggregate principal amount of the Loans outstanding under such Commitment at no time exceeds such Commitment as so reduced. Any remaining unpaid principal and interest under the Commitments shall be due and payable in full on the Maturity Date, and the Commitments shall thereupon terminate to the extent not previously terminated.

Mandatory Commitment Reductions. (a) Scheduled Reductions in Facility A Commitment. Commencing March 31, 2000 2002 and at the end of each calendar fiscal quarter thereafter, the Facility A Uncollateralized Portion of the Commitment as in effect on March 30, 2002, shall be automatically and permanently reduced by an amount equal to the percentage of the Facility A Commitment as in effect on the Agreement Date, as amounts set forth below: Amount of Dates of Facility A Commitment Reductions Each Reduction ----------------------------------------- -------------- March 31, 2000, June QUARTERLY REDUCTION OF THE UNCOLLATERALIZED PORTION OF THE COMMITMENT IN EFFECT ON DATES OF COMMITMENT REDUCTION MARCH 30, 2000, September 30, 2000 and December 31, 2000 2.500% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 3.750% 2002 ----------------------------------------------------- --------------------------- March 31, 2002, June 30, 2002, September 30, 2002 and $55,000.00 December 31, 2002 5.000% March 31, 2003, June 30, 2003, September 30, 2003 and $330,000.00 December 31, 2003 6.250% March 31, 2004, June 30, 2004, 2004 and September 30, 2004 and $660,000.00 December 31, 2004 7.500%remainder (b) Excess Cash Flow Recapture. Commencing on March with the fiscal year ending December 31, 2000 1999, and on for each March 31st and September 30th occurring thereafter during fiscal year thereafter, concurrently with the term delivery of this Agreementthe financial statements referred to in Section 6.1 (b) in respect of the final quarter of each such fiscal year, the Facility A Uncollateralized Portion of the Commitment as in effect at the end of such fiscal year, shall be automatically and permanently reduced by an amount equal to fifty percent (50%) % of Excess the Borrower's Free Cash Flow, determined Flow for the two immediately preceding fiscal year (2) consecutive fiscal quarters then ended. (c) Reductions provided that any such reduction shall be subject to adjustment based on the financial statements delivered in Facility B Commitment and Facility C Commitment from Subordinated Debt Proceedsaccordance with Section 6.2 . The Facility B Commitment and the Facility C Commitment shall be automatically and permanently reduced, pro rata between the Facility B Commitment and the Facility C Commitment, in an amount equal to the aggregate amount of any Subordinated Debt such (net a) in inverse order of reasonable and customary transaction costs) issued by the Borrower or any of its Restricted Subsidiaries on or after the Agreement Date immediately upon the issuance thereofmaturity. The Borrower shall make a repayment of the Loans Accommodations outstanding under the applicable Commitment, together with accrued interest thereon, on or before the effective date of each reduction in such the Commitment under this Section 2.52.8, such that the aggregate principal amount of the Loans Accommodations outstanding under such Commitment at no time exceeds such the Commitment as so reduced. Any In addition, any remaining unpaid principal and interest under the Commitments Commitment shall be due and payable in full on the Maturity Date, and the Commitments shall thereupon terminate to the extent not previously terminated.

Mandatory Commitment Reductions. (a) Scheduled Reductions in Facility A Commitment. Commencing March 31, 2000 2002 and at the end of each calendar fiscal quarter thereafter, the Facility A Uncollateralized Portion of the Commitment as in effect on March 30, 2002, shall be automatically and permanently reduced by an amount equal to the percentage of the Facility A Commitment as in effect on the Agreement Date, as amounts set forth below: Amount of Dates of Facility A Commitment Reductions Each Reduction ----------------------------------------- -------------- March 31, 2000, June QUARTERLY REDUCTION OF THE UNCOLLATERALIZED PORTION OF THE DATES OF COMMITMENT REDUCTION COMMITMENT IN EFFECT ON MARCH 30, 2000, September 30, 2000 and December 31, 2000 2.500% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 3.750% 2002 ------------------------------------------------------ -------------------------------------- March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 5.000% $ 195,000.00 March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 6.250% $1,170,000.00 March 31, 2004, June 30, 2004, 2004 and September 30, 2004 and $2,340,000.00 December 31, 2004 7.500%remainder (b) Excess Cash Flow Recapture. Commencing on March with the fiscal year ending December 31, 2000 1999, and on for each March 31st and September 30th occurring thereafter during fiscal year thereafter, concurrently with the term delivery of this Agreementthe financial statements referred to in Section 6.1(b) in respect of the final quarter of each such fiscal year, the Facility A Uncollateralized Portion of the Commitment as in effect at the end of such fiscal year, shall be automatically and permanently reduced by an amount equal to fifty percent (50%) % of Excess the Borrower's Free Cash Flow, determined Flow for the two immediately preceding fiscal year (2) consecutive fiscal quarters then ended. (c) Reductions provided that any such reduction shall be subject to adjustment based on the financial statements delivered in Facility B Commitment and Facility C Commitment from Subordinated Debt Proceedsaccordance with Section 6.2). The Facility B Commitment and amount of any such reduction of the Facility C Uncollateralized Portion of the Commitment shall be automatically and permanently reduced, pro rata between the Facility B Commitment and the Facility C Commitment, in an amount equal applied to the aggregate amount reductions required under Section 2.8 (a) in inverse order of any Subordinated Debt (net of reasonable and customary transaction costs) issued by the Borrower or any of its Restricted Subsidiaries on or after the Agreement Date immediately upon the issuance thereofmaturity. The Borrower shall make a repayment of the Loans Accommodations outstanding under the applicable Commitment, together with accrued interest thereon, on or before the effective date of each reduction in such the Commitment under this Section 2.52.8, such that the aggregate principal amount of the Loans Accommodations outstanding under such Commitment at no time exceeds such the Commitment as so reduced. Any In addition, any remaining unpaid principal and interest under the Commitments Commitment shall be due and payable in full on the Maturity Date, and the Commitments shall thereupon terminate to the extent not previously terminated.

Mandatory Commitment Reductions. (a) Scheduled Reductions in Facility A Commitment. Commencing March 31, 2000 and at the end of each calendar quarter thereafter, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to the percentage of the Facility A Commitment as in effect on the Agreement Date, as Date set forth below: Amount of Dates of Facility A Commitment Reductions Reduction Each Reduction ----------------------------------------- ----------------------------- -------------- March 31, 2000, June 30, 2000, September 30, 2000 and December 31, 2000 2.500% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 3.750% March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 5.000% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 6.250% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 7.500% (b) Excess Cash Flow Recapture. Commencing on March 31, 2000 and on each March 31st and September 30th occurring thereafter during the term of this Agreement, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to fifty percent (50%) of Excess Cash Flow, determined for the two (2) consecutive fiscal quarters then ended. (c) Reductions in Facility B Commitment and Facility C Commitment from Subordinated Debt Proceeds. The Facility B Commitment and the Facility C Commitment shall be automatically and permanently reduced, pro rata between the Facility B Commitment and the Facility C Commitment, reduced in an amount equal to the aggregate amount of any Subordinated Debt (net of reasonable and customary transaction costs) issued by the Borrower or any of its Restricted Subsidiaries on or after the Agreement Date immediately upon the issuance thereof. The Borrower shall make a repayment of the Loans outstanding under the applicable Commitment, together with accrued interest thereon, on or before the effective date of each reduction in such Commitment under this Section 2.5, such that the aggregate principal amount of the Loans outstanding under such Commitment at no time exceeds such Commitment as so reduced. Any remaining unpaid principal and interest under the Commitments shall be due and payable in full on the Maturity Date, and the Commitments shall thereupon terminate to the extent not previously terminated.