Common use of Mandatory Reductions Clause in Contracts

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 4 contracts

Samples: Credit Agreement (TTM Technologies Inc), Credit Agreement (Bradley Pharmaceuticals Inc), Credit Agreement (TTM Technologies Inc)

AutoNDA by SimpleDocs

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (iiSections 3.3(b)(ii), (iii) and or (iv), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 3 contracts

Samples: Credit Agreement (PRG Schultz International Inc), Credit Agreement (PRG Schultz International Inc), Credit Agreement (Profit Recovery Group International Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 3 contracts

Samples: Credit Agreement (Glenayre Technologies Inc), Credit Agreement (West Corp), Credit Agreement (Medvest Holdings Corp)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 3 contracts

Samples: Credit Agreement (Dan River Inc /Ga/), Credit Agreement (Orthofix International N V), Credit Agreement (Consolidated Graphics Inc /Tx/)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.6(b)(ii) (ii), (iii) and - (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 2 contracts

Samples: Credit Agreement (Red Robin Gourmet Burgers Inc), Credit Agreement (Red Robin Gourmet Burgers Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.8(b)(ii) (ii), (iii) and (iv)or are prepaid pursuant to Section 6.15, the Revolving Committed Amount shall automatically be automatically permanently reduced by the amount of such required prepayment and/or or reduction.

Appears in 2 contracts

Samples: Credit Agreement (Anvil Holdings Inc), Credit Agreement (Cottontops Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii), (iv) and (ivv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 2 contracts

Samples: Credit Agreement (Sleepmaster LLC), Credit Agreement (Sleepmaster LLC)

Mandatory Reductions. On any date that the Revolving Loans -------------------- are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) ), (iv), (v), and (ivvi), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Advanced Glassfiber Yarus LLC)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.5(b)(ii) – (ii), (iii) and (ivv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Fisher Communications Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), i) - (iii) and (ivv), the Available Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), i) - (iii) and (ivv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.7(b) (ii), (iii) ), (iv), (v), (vi), (vii), and (ivviii), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Galey & Lord Inc)

AutoNDA by SimpleDocs

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii2.8(b)(ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (TTM Technologies Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Integrated Defense Technologies Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.6(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reductionreduction to the extent required pursuant to Section 2.6(b)(v).

Appears in 1 contract

Samples: Credit Agreement (MPS Group Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii) and (iv2.7(b)(ii)β€”(iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction; provided that the Revolving Committed Amount shall not be reduced to an amount less than $35,000,000 pursuant to this Section 2.6(b) or Section 2.7(b)(v).

Appears in 1 contract

Samples: Credit Agreement (Si International Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii2.7(b)(ii), (iii) ), and (ivv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Right Management Consultants Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (ii), (iii), (iv) and (ivv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Medsource Technologies Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b2.6(b) (ii), (iii) and (iv), the Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Lower Road Associates LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!