Common use of Mandatory Prepayments and Mandatory Reductions of Revolving Loan Clause in Contracts

Mandatory Prepayments and Mandatory Reductions of Revolving Loan. Commitments. The Loans shall be prepaid and/or the Revolving Loan ----------- Commitments shall be permanently reduced in the amounts and under the circumstances set forth below, all such prepayments and/or reductions to be applied as set forth below or as more specifically provided in subsection 2.4B(iv):

Appears in 6 contracts

Samples: Credit Agreement (Grand Palais Riverboat Inc), Senior Secured Credit Agreement (Amf Bowling Worldwide Inc), Credit Agreement (Digitas Inc)

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Mandatory Prepayments and Mandatory Reductions of Revolving Loan. Commitments. ----------- The Loans shall be prepaid and/or and the Revolving Loan ----------- Commitments shall be permanently reduced in the amounts and under the circumstances set forth below, all such prepayments and/or reductions to be applied as set forth below or as more specifically manner provided in subsection 2.4B(iv):Section 2.4.3 upon the occurrence of the following circumstances:

Appears in 1 contract

Samples: Loan Agreement (Safety 1st Inc)

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