Mandatory Reduction. The Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b)(vii) by an amount equal to the amount of such Excess Proceeds, to the extent a corresponding prepayment was made pursuant to 4.4(b)(iii).
Appears in 3 contracts
Samples: Credit Agreement (Paravant Inc), Credit Agreement (Paravant Inc), Credit Agreement (DRS Technologies Inc)
Mandatory Reduction. The If at any time excess proceeds remain after the prepayment of the Term Loan pursuant to Sections 4.4(b)(iii) and/or (iv), the Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b)(viiSections 4.4(b)(iii) and/or (iv) by an amount equal to the amount of such Excess Proceeds, to the extent a corresponding prepayment was made pursuant to 4.4(b)(iii)excess proceeds.
Appears in 2 contracts
Samples: Third Amendment (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)
Mandatory Reduction. The If at any time proceeds ("Excess Proceeds") remain after the prepayment in full of Term Loans pursuant to Section 4.4(b), the Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b)(vii4.4(b) by an amount equal to the amount of such Excess Proceeds, to the extent a corresponding prepayment was made pursuant to 4.4(b)(iii).
Appears in 2 contracts
Samples: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)
Mandatory Reduction. The Revolving Credit Commitment shall be permanently reduced on the date of the any required prepayment under Section 4.4(b)(vii4.4(b)(vi) by an amount equal to the amount of such Excess ProceedsProceeds as referred to in such Section 4.4(b)(vi), to the extent a corresponding prepayment was made pursuant to 4.4(b)(iiiSection 4.4(b)(vi).
Appears in 1 contract
Mandatory Reduction. The Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b)(vii) by an amount equal to the amount of such Excess ProceedsProceeds as referred to in such Section 4.4(b)(vii), to the extent a corresponding prepayment was made pursuant to Section 4.4(b)(iii).
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