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).

Appears in 2 contracts

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

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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)

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 (vi).

Appears in 1 contract

Samples: Credit Agreement (Practiceworks 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) and (iv).

Appears in 1 contract

Samples: Credit Agreement (Navigant International Inc)

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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)., 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 the Aggregate Tranche B Revolving Commitments or

Appears in 1 contract

Samples: Credit Agreement (Laureate Education, Inc.)

Mandatory Reductions. The Aggregate Revolving Commitments shall Committed Amount will be permanently reduced in an amount equal to by the amount of any prepayment applied to on the Revolving Loans, Swing Line Loans in respect of Debt Transactions under Section 2.06(b)(ii) and L/C Obligations pursuant to Equity Transactions under Section 2.05(b)(ii2.06(b)(iii).

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Mac-Gray Corp)

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