Common use of Mandatory Reduction Clause in Contracts

Mandatory Reduction. If at any time proceeds ("Excess Proceeds") remain after the prepayment of Term Loans pursuant to Section 4.4(b)(i), (ii), (iii) or (iv), the Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b) by an amount equal to the amount of such Excess Proceeds.

Mandatory Reduction. If at any time proceeds ("Excess Proceeds") remain after the prepayment in full of Term Loans pursuant to Section 4.4(b)(i), (ii), (iii) or (iv4.4(b), the Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b) by an amount equal to the amount of such Excess Proceeds.

Mandatory Reduction. If at any time excess proceeds ("Excess Proceeds") remain after the prepayment of the Term Loans Loan Facility pursuant to Section 4.4(b)(i), (ii), (iii4.4(b) or (ivresulting from the occurrence of any event triggering prepayment under Section 4.4(b)(iii), the Revolving Credit Commitment shall be permanently reduced on the date of the such required prepayment under Section 4.4(b) by an amount equal to the amount of such Excess Proceedsexcess proceeds.

Mandatory Reduction. If at any time excess proceeds ("Excess Proceeds") remain after the prepayment of the Term Loans Loan pursuant to Section 4.4(b)(i), (ii), (iii4.4(b)(ii) or through (iv), the Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b4.4(b)(ii) through (iv) by an amount equal to the amount of such Excess Proceedsexcess proceeds.

Mandatory Reduction. If at any time In the event proceeds ("Excess Proceeds") remain after the prepayment of the Term Loans Loan pursuant to Section 4.4(b)(i), (ii), (iii) or (iv4.4(b), the Revolving Credit Commitment shall be permanently reduced on the date of the required prepayment under Section 4.4(b) by an amount equal to the amount of such Excess Proceedsexcess proceeds.