Common use of Mandatory Reductions in Revolving Credit Commitments Clause in Contracts

Mandatory Reductions in Revolving Credit Commitments. The Revolving Credit Commitments shall be permanently reduced by the amount of any Designated Prepayment required to be applied to Revolving Loans pursuant to Section 4.01(b)(vii).

Appears in 2 contracts

Samples: Credit Agreement (Fairchild Corp), Credit Agreement (Fairchild Corp)

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Mandatory Reductions in Revolving Credit Commitments. The ---------------------------------------------------- Revolving Credit Commitments shall be permanently reduced by the amount of any Designated Prepayment required to be applied to Revolving Loans pursuant to Section 4.01(b)(vii3.01(b)(v) (except any such Designated Prepayment applied pursuant to ------------------ the third sentence of such section).

Appears in 1 contract

Samples: Credit Agreement (International Technology Corp)

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Mandatory Reductions in Revolving Credit Commitments. The ---------------------------------------------------- Revolving Credit Commitments shall be permanently reduced by the amount of any Designated Prepayment required to be applied to in respect of Revolving Loans Credit Obligations pursuant to Section 4.01(b)(vii3.01(b)(iv) (except any such Designated ------------------- Prepayment applied pursuant to the third sentence of such section).

Appears in 1 contract

Samples: Credit Agreement (International Technology Corp)

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