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

Mandatory Prepayments of Loans 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 2 contracts

Samples: Security Agreement (Arterial Vascular Engineering Inc), Credit Agreement (Optel Inc)

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Mandatory Prepayments of Loans and Mandatory Reductions of Revolving Loan Commitments. The Loans shall be prepaid and/or subject to subsection 2.4B(iii), the Revolving Loan Commitments shall be permanently reduced in the amounts amount 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 1 contract

Samples: Secured Credit Agreement (Owens Illinois Inc /De/)

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

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Holdings Inc)

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Mandatory Prepayments of Loans and Mandatory Reductions of Revolving Loan Commitments. The Loans shall be prepaid and/or and/or, subject to subsection 2.4B(iii), the Revolving Loan Commitments shall be permanently reduced in the amounts amount 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 1 contract

Samples: Secured Credit Agreement (Oi Levis Park STS Inc)

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