Common use of Mandatory Reductions of Revolving Commitment Amount Clause in Contracts

Mandatory Reductions of Revolving Commitment Amount. On the date of any Mandatory Prepayment Event, the Revolving Commitment Amount shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay Term Loans pursuant to Section 6.2.2.

Appears in 2 contracts

Samples: Credit Agreement (Global Technovations Inc), Credit Agreement (Akorn Inc)

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Mandatory Reductions of Revolving Commitment Amount. On the date of any Mandatory Prepayment Event, the Revolving Commitment Amount shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay the Term Loan or Capex Loans pursuant to Section 6.2.2.

Appears in 1 contract

Samples: Credit Agreement (Clarion Technologies Inc/De/)

Mandatory Reductions of Revolving Commitment Amount. On The Revolving Commitment Amount shall be permanently reduced on the Term Loan Funding Date by an amount equal to the Requested Term Out Amount. If a Mandatory Prepayment Event occurs prior to the Termination Date, then, on the date of any such Mandatory Prepayment Event, the Revolving Commitment Amount shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay Term Loans pursuant to Section 6.2.2Event.

Appears in 1 contract

Samples: Credit Agreement (Cabot Microelectronics Corp)

Mandatory Reductions of Revolving Commitment Amount. On the date of any Mandatory Prepayment Repayment Event, the Revolving Commitment Amount shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay Term Loans pursuant to Section 6.2.2Repayment Event.

Appears in 1 contract

Samples: Credit Agreement (CTN Media Group Inc)

Mandatory Reductions of Revolving Commitment Amount. On the date of any Mandatory Prepayment Event, the Revolving Commitment Amount shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay Term Loans pursuant to Section 6.2.26.2(B).

Appears in 1 contract

Samples: Credit Agreement (Rohn Industries Inc)

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Mandatory Reductions of Revolving Commitment Amount. On the date of any Mandatory Prepayment Event, the Revolving Commitment Amount shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay Term Loans pursuant to Section 6.2.2Event.

Appears in 1 contract

Samples: Credit Agreement (Ptek Holdings Inc)

Mandatory Reductions of Revolving Commitment Amount. On the date of any Mandatory Prepayment Event, the Revolving Commitment Amount shall be automatically and permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over less the amount (if any) applied to prepay Term Loans pursuant to Section 6.2.2.

Appears in 1 contract

Samples: Credit Agreement (Tokheim Corp)

Mandatory Reductions of Revolving Commitment Amount. On the date of any Mandatory Prepayment Event, the Revolving Commitment Amount shall be permanently reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory Prepayment Event over the amount (if any) applied to prepay Term Loans pursuant to Section 6.2.2SECTION 6.2(B).

Appears in 1 contract

Samples: Credit Agreement (Rohn Industries Inc)

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