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)
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
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
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