Mandatory Revolver Commitment Reductions. Any voluntary or mandatory prepayment of Term Loans and any repayment of Term Loans pursuant to Section 2.03 shall be accompanied by a proportional mandatory reduction in the Total Revolving Commitments in an amount equal to the product of (x) 0.20 multiplied by (y) the amount of the principal of the Term Loans repaid or prepaid.
Appears in 3 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.)
Mandatory Revolver Commitment Reductions. Any voluntary or mandatory prepayment of Term Loans and any repayment of Term Loans pursuant to Section 2.03 shall be accompanied by a proportional mandatory reduction in the Total Revolving Commitments in an amount equal to the product of (x) 0.20 0.4 multiplied by (y) the amount of the principal of the Term Loans repaid or prepaid.
Appears in 2 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.)
