Common use of Mandatory Reductions of Commitments Clause in Contracts

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. (b) The Total Term Loan Commitment shall terminate on the Initial Borrowing Date, after giving effect to the incurrence of Term Loans on such date. (c) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate on the earlier of (i) the Revolving Loan Maturity Date and (ii) the date on which a Change of Control occurs.

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 March 31, 2003 unless the Initial Borrowing Date has occurred on or before such date. (b) The Total Term Loan Commitment (and the Term Loan Commitment of each Bank) shall terminate on the earlier of (i) the Initial Borrowing Date, after giving effect to the incurrence of Term Loans on such date, and (ii) the date on which a Change of Control occurs. (c) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate on the earlier of (i) the Revolving Loan Maturity Date Date, and (ii) the date on which a Change of Control occurs.

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 May 28, 2004 unless the Initial Borrowing Date has occurred on or before such date. (b) The Total Term Loan Commitment (and the Term Loan Commitment of each Bank) shall terminate on the earlier of (i) the Initial Borrowing Date, after giving effect to the incurrence of Term Loans on such date, and (ii) the date on which a Change of Control occurs. (c) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Bank) shall terminate on the earlier of (i) the Revolving Loan Maturity Date Date, and (ii) the date on which a Change of Control occurs.