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 3.3(b)(ii), (iii) or (iv), the Revolving Committed Amount automatically shall be permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

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

Appears in 1 contract

Samples: Credit Agreement (Westpoint Stevens Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 3.3(b)(ii), 2.4(b) (iiiii) or – (iv), the Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Stec, Inc.)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 3.3(b)(ii), (iii) or (iv2.6(b)(ii), the Aggregate Revolving Committed Amount automatically 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)(vi).

Appears in 1 contract

Samples: Credit Agreement (Newark Group Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 3.3(b)(ii), (iii) or (iv3.3(b)(v), the Revolving Committed Amount automatically shall be permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Airgas Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Delta Woodside Industries Inc /Sc/)

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Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 3.3(b)(ii2.5(b) (ii), (iii) or and (iv), the Revolving Committed Amount automatically 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)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 3.3(b)(ii), (iii3.3(b)(iii) or (iv), the Revolving Committed Amount automatically shall be permanently reduced by the amount of such required prepayment, provided, however, that the Committed Amount shall not be reduced in connection with any prepayment and/or reductionrequired as a result of the sale of Western Multiplex Corporation.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Glenayre Technologies Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 3.3(b)(ii), (iii) or (iv3.3(b)(iii), the Revolving Committed Amount automatically shall be permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Simcala Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 3.3(b)(ii), (iii3.3(b)(i) or (ivii), the Revolving Committed Amount automatically shall be permanently reduced by the amount of such required prepayment and/or reduction.

Appears in 1 contract

Samples: Credit Agreement (Benihana Inc)

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