Common use of Mandatory Commitment Reductions Clause in Contracts

Mandatory Commitment Reductions. (a) Scheduled Reductions under the Revolving Loan Commitment. Commencing on March 31, 2004 and at the end of each fiscal quarter thereafter, the Revolving Loan Commitment as of March 30, 2004 shall be automatically and permanently reduced by the percentage amount set forth below for and on the dates indicated (which reductions are in addition to those set forth elsewhere in this Agreement): Percentage Reduction to Revolving Loan Commitment as of March 30, 2004 -------------------------------------- Reduction Dates March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 1.250% March 31, 2005, June 30, 2005, September 30, 2005 and December 31, 2005 2.500% March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 3.750% March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007 5.000% March 31, 2008, June 30, 2008, September 30, 2008 and December 31, 2008 6.250% March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009 6.250% (b) Reduction From Net Proceeds of Asset Sales or Insurance or Condemnation Proceedings. The Revolving Loan Commitment shall be automatically and permanently reduced by an amount equal to the repayment of Revolving Loans required under Section 2.7(b)(iii) hereof; provided, however, that if there are no Loans then outstanding, the Revolving Loan Commitment shall be reduced by an amount equal to Net Proceeds (Asset Sales) (excluding any Net Proceeds (Asset Sales) reinvested pursuant to Section 2.7(b)(iii)). Reductions to the Revolving Loan Commitment under this Section 2.5(b) shall be applied to the reductions set forth in Section 2.5(a) hereof pro rata across the reductions set forth therein.

Mandatory Commitment Reductions. (a) Scheduled Reductions under the Revolving Loan Commitment. Commencing on March 31September 30, 2004 2000 and at the end of each fiscal quarter thereafter, the Revolving Loan Commitment as of March 30September 29, 2004 2000 shall be automatically and permanently reduced by the percentage amount set forth below for and on the dates indicated (which reductions are in addition to those set forth elsewhere in this Agreement): Percentage Reduction to Revolving Loan Commitment as of March Reduction Dates September 29, 2000 --------------- ------------------ September 30, 2004 -------------------------------------- Reduction Dates 2000 and December 31, 2000 5.000% 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 3.750% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 5.000% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 1.250% March 31, 2005, June 30, 2005, September 30, 2005 and December 31, 2005 2.500% March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 3.750% March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007 5.000% March 31, 2008, June 30, 2008, September 30, 2008 and December 31, 2008 6.250% March 31, 2009, 2005 and June 30, 2009, September 30, 2009 and December 31, 2009 6.2502005 7.500% (b) Reduction From Net Proceeds of Asset Sales or Insurance or Condemnation Proceedings. The Revolving Loan Commitment shall be automatically and permanently reduced by an amount equal to the repayment of Revolving Loans required under Section 2.7(b)(iii) hereof; provided, however, that if there are no Loans then outstanding, the Revolving Loan Commitment shall be reduced by an amount equal to Net Proceeds (Asset Sales) (excluding any Net Proceeds (Asset Sales) reinvested pursuant to Section 2.7(b)(iii))the Revolving Loan Repayment Proceeds. Reductions to the Revolving Loan Commitment under this Section 2.5(b) shall be applied to the reductions set forth in Section 2.5(a) hereof pro rata across the reductions set forth thereinin inverse order of maturity.

Mandatory Commitment Reductions. (a) Scheduled Reductions under the Revolving Loan Commitment. Commencing on March 31, 2004 and at the end of each fiscal quarter thereafter, the Revolving Loan Commitment as of March 30, 2004 shall be automatically and permanently reduced by the percentage amount set forth below for and on the dates indicated (which reductions are in addition to those set forth elsewhere in this Agreement): Percentage Reduction to Revolving Loan Commitment as of March 30Reduction Dates September 29, 2004 -------------------------------------- Reduction Dates --------------- ------------------ March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 1.2502.500% March 31, 2005, June 30, 2005, September 30, 2005 and December 31, 2005 2.500% March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 3.7505.000% March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007 5.000% March 31, 2008, June 30, 2008, September 30, 2008 and December 31, 2008 6.250% March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009 6.25010.000% (b) Reduction From Net Proceeds of Asset Sales or Insurance or Condemnation Proceedings. The Revolving Loan Commitment shall be automatically and permanently reduced by an amount equal to the repayment of Revolving Loans required under Section 2.7(b)(iii) hereof; provided, however, that if there are no Loans then outstanding, the Revolving Loan Commitment shall be reduced by an amount equal to Net Proceeds (Asset Sales) (excluding any Net Proceeds (Asset Sales) reinvested pursuant to Section 2.7(b)(iii)). Reductions to the Revolving Loan Commitment under this Section 2.5(b) shall be applied to the reductions set forth in Section 2.5(a) hereof pro rata across the reductions set forth therein.

Mandatory Commitment Reductions. (a) Scheduled Reductions under the Revolving Loan CommitmentSCHEDULED REDUCTIONS. Commencing on March October 31, 2004 1999, and at the end of on each fiscal quarter October 31, January 31, April 30 and July 31 thereafter, the Revolving Loan Commitment as of March 30, 2004 shall be automatically and permanently reduced by the percentage amount as set forth below for and on the dates indicated (which reductions are in addition to those set forth elsewhere in this AgreementSections 2.5(b), 2.5(c) and 2.6 hereof): Quarterly Percentage for Reduction to Revolving Loan of Commitment as Dates of March Commitment Reduction of October 30, 2004 -------------------------------------- Reduction Dates March 1999 ----------------------------- ------------------- October 31, 1999, January 31, 2000, April 30, 2000 and 1.786% July 31, 2000 October 31, 2000, January 31, 2001, April 30, 2001 and 3.571% July 31, 2001 October 31, 2001, January 31, 2002, April 30, 2002 and 4.464% July 31, 2002 October 31, 2002, January 31, 2003, April 30, 2003 and 4.464% July 31, 2003 October 31, 2003, January 31, 2004, June 30, 2004, September April 30, 2004 and December 5.357% July 31, 2004 1.250% March October 31, 2005, June 30, 2005, September 30, 2005 2004 and December January 31, 2005 2.5007.143% March 31The Borrower shall make a repayment of the Loans outstanding, 2006together with accrued interest thereon, June 30on or before the effective date of each reduction in the Commitment under this Section 2.5(a), 2006such that the aggregate principal amount of the Loans outstanding at no time exceeds the Commitment as so reduced. Any remaining unpaid principal and interest under the Commitment shall be due and payable in full on the Maturity Date, September 30, 2006 and December 31, 2006 3.750% March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007 5.000% March 31, 2008, June 30, 2008, September 30, 2008 and December 31, 2008 6.250% March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009 6.250%the Commitment shall thereupon terminate. (b) Reduction From Net Proceeds REDUCTION FROM EXCESS CASH FLOW. On March 31, 2000, and on each March 31 thereafter during the term of Asset Sales or Insurance or Condemnation Proceedings. The Revolving Loan this Agreement, the Commitment shall be automatically and permanently reduced by an amount equal to fifty percent (50%) of the repayment of Revolving Loans required under Section 2.7(b)(iii) hereof; provided, however, that if there are no Loans then outstanding, Borrower's Excess Cash Flow for the Revolving Loan Commitment shall be reduced by an amount equal to Net Proceeds (Asset Sales) (excluding any Net Proceeds (Asset Sales) reinvested pursuant to Section 2.7(b)(iii))immediately preceding calendar year. Reductions to the Revolving Loan Commitment under this Section 2.5(b) shall be applied to the reductions set forth in Section 2.5(a) hereof pro rata across the reductions set forth thereinin inverse order.