Common use of Mandatory Reductions Clause in Contracts

Mandatory Reductions. The Aggregate Revolving Commitments shall be permanently reduced in an amount equal to the amount of any prepayment applied to the Revolving Loans, Swing Line Loans and L/C Obligations pursuant to Section 2.05(b)(ii), (iii), (iv) and (v).

Appears in 2 contracts

Samples: Credit Agreement (Per Se Technologies Inc), Credit Agreement (Per Se Technologies Inc)

AutoNDA by SimpleDocs

Mandatory Reductions. The Aggregate Revolving Commitments shall be permanently reduced in an amount equal to the amount of any prepayment applied to the Revolving Loans, Swing Line Loans and L/C Obligations pursuant to Section 2.05(b)(ii), (iii), (iv) and (v).

Appears in 2 contracts

Samples: Credit Agreement (Symbion Inc/Tn), Credit Agreement (Ipayment Inc)

Mandatory Reductions. The Aggregate Revolving Commitments shall be permanently reduced in an amount equal to the amount of any prepayment applied to the Revolving Loans, Swing Line Loans and L/C Obligations pursuant to Section 2.05(b)(ii), (iii), (iv) and (viv).

Appears in 1 contract

Samples: Credit Agreement (Navigant International Inc)

Mandatory Reductions. The Aggregate Revolving Commitments shall be permanently reduced in an amount equal to the amount of any prepayment applied to the Revolving Loans, Swing Line Loans and L/C Obligations pursuant to Section 2.05(b)(ii), (iii), (iv), (v) and (vvi).

Appears in 1 contract

Samples: Credit Agreement (Practiceworks Inc)

AutoNDA by SimpleDocs

Mandatory Reductions. The Aggregate Tranche A Revolving Commitments shall be permanently reduced in an amount equal to the amount of any prepayment Net Cash Proceeds that is available to be applied to the prepayment of Revolving Loans, Swing Line Loans and L/C Obligations pursuant to Section 2.05(b)(ii), ) and (iii), (iv) irrespective of the Total Revolving Outstandings at such time. Any such reduction shall be applied pro rata to the Aggregate Tranche A Revolving Commitments and (v).the Aggregate Tranche B Revolving Commitments or

Appears in 1 contract

Samples: Credit Agreement (Laureate Education, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.