Common use of Mandatory Revolving Commitment Reductions Clause in Contracts

Mandatory Revolving Commitment Reductions. The Borrowing Base shall be reduced from time to time by an amount of any prepayment required by Section 12(q) hereof upon the sale of assets. If, as a result of any such reduction in the Borrowing Base, the Total Outstandings ever exceed the Borrowing Base then in effect, the Borrower shall make the mandatory prepayment of principal required pursuant to Section 9(b) hereof.

Mandatory Revolving Commitment Reductions. The Borrowing Base shall be reduced from time to time by an amount of any prepayment required by Section 12(q12(r) hereof upon the sale of assets. If, as a result of any such reduction in the Borrowing Base, the Total Outstandings ever exceed the Borrowing Base then in effect, the Borrower shall make the mandatory prepayment of principal required pursuant to Section 9(b) hereof.,

Mandatory Revolving Commitment Reductions. The Borrowing Base shall be reduced from time to time by an amount of any prepayment required by Section 12(q) hereof upon the sale of assets. If, as a result of any such reduction in the Borrowing Base, the Total Outstandings ever exceed the Borrowing Base then in effect, the Borrower Borrowers shall make the mandatory prepayment of principal required pursuant to Section 9(b) hereof.

Mandatory Revolving Commitment Reductions. The Borrowing Base shall be reduced from time to time by an amount of any prepayment required by Section 12(q12(p) hereof upon the sale of assets. If, as a result of any such reduction in the Borrowing Base, the Total Outstandings ever exceed the Borrowing Base then in effect, the Borrower shall make the mandatory prepayment of principal required pursuant to Section 9(b) hereof.