Mandatory Reductions of Commitments. The Commitment of each Lender shall be reduced automatically to zero ($0) on the Maturity Date applicable to such Lender.
Mandatory Reductions of Commitments. (a) The Total Commitment (and the Commitment of each Bank) shall terminate in its entirety at 5:00 p.m. (New York time) on the Expiration Date unless the Initial Borrowing Date has occurred on or before such date.
Mandatory Reductions of Commitments. (a) On the forty-fifth (45th) day following the end of each Fiscal Quarter ending on each of the dates specified below, the Commitments shall be permanently reduced by an amount equal to seventy-five percent (75%) of the amount by which EBITDA for such Fiscal Quarter exceeds the EBITDA amount specified below for such Fiscal Quarter: Fiscal Quarter EBITDA -------------- ------ June 30, 2002 $ 3,700,000 September 30, 2002 4,300,000 December 31, 2002 4,200,000 March 31, 2003 3,600,000
Mandatory Reductions of Commitments. (a) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate in its entirety at 9:00 a.m. (New York time) on the Conversion Date (after giving effect to the conversion of outstanding Revolving Loans into Term Loans at such time).
Mandatory Reductions of Commitments. (i) On each date that a prepayment is made pursuant to section 2.5(b), (d), (e), (f) or (g), the RC Commitments shall be automatically and permanently reduced in an amount equal to the amount of the required prepayment.
Mandatory Reductions of Commitments. 15 SECTION 4. Payments.........................................................16
Mandatory Reductions of Commitments. 16 SECTION 3. Payments.......................................................................................17 3.01 Termination or Reduction of the Total Revolving Loan Commitment.....................................17 3.02
Mandatory Reductions of Commitments. The Commitments shall be automatically and permanently reduced:
Mandatory Reductions of Commitments. Subsection 2.4D is hereby amended by amending and restating it in its entirety as follows:
Mandatory Reductions of Commitments. The Revolving Loan Commitments shall be permanently reduced on the date of any reduction of Revolving Loan Commitments in accordance with the provisions of subsections 2.4A(ii)(a), (b), (c), (e) or (f). The Tranche B Commitments shall be permanently reduced upon any mandatory prepayment of Tranche B Acquisition Term Loans as and to the extent provided in subsection 2.4A(ii)(a), (b), (c), (e) or (f) and on the date of any reduction of Tranche B Commitments in accordance with the provisions of subsection 2.4A(iii)(a) and as provided in the second paragraph of subsection 2.1A(ii)(b). The Tranche D Commitments shall be permanently reduced upon any mandatory prepayment of Tranche D Acquisition Term Loans as and to the extent provided in subsection 2.4A(ii)(a), (b), (c), (e) or (f) and on the date of any reduction of Tranche D Commitments in accordance with the provisions of subsection 2.4A(iii)(a) and as provided in the second paragraph of subsection 2.1A(ii)(d).''
