Mandatory Scheduled Reductions Sample Clauses

Mandatory Scheduled Reductions. On the dates set forth in the following table, the Aggregate Tranche A Commitments shall be permanently reduced in the following percentages of the Aggregate Tranche A Commitments as of the Third Restatement Date: =============================================================================== Date Percentage Date Percentage ------------------------------------------------------------------------------- September 30, 2000 5.0% March 31, 2003 5.0% ------------------------------------------------------------------------------- December 31, 2000 5.0% June 30, 2003 5.0% ------------------------------------------------------------------------------- March 31, 2001 5.0% September 30, 2003 5.0% ------------------------------------------------------------------------------- June 30, 2001 5.0% December 31, 2003 5.0% ------------------------------------------------------------------------------- September 30, 2001 5.0% March 31, 2004 5.0% ------------------------------------------------------------------------------- December 31, 2001 5.0% June 30, 2004 5.0% ------------------------------------------------------------------------------- March 31, 2002 5.0% September 30, 2004 5.0% ------------------------------------------------------------------------------- June 30, 2002 5.0% December 31, 2004 5.0% ------------------------------------------------------------------------------- September 30, 2002 5.0% March 31, 2005 5.0% ------------------------------------------------------------------------------- December 31, 2002 5.0% June 30, 2005 5.0% ===============================================================================
Sample 1
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Mandatory Scheduled Reductions. (i) The Aggregate Revolving Credit Commitments shall be reduced on (or, subject to Section 2.6(b)(ii) below, at the Borrower's option, upon three Business Days' written notice to the Administrative Agent (which notice shall be irrevocable), at any time prior to) each of the following dates by the amount set forth next to such date: ------------------------------------------------------------------------------ Mandatory Scheduled Commitment Dates Reductions ----- ------------------- ------------------------------------------------------------------------------ September 30, 2000 $ 9,565,000 ------------------------------------------------------------------------------ December 31, 2000 $ 11,079,000 ------------------------------------------------------------------------------ March 31, 2001 $ 11,312,000 ------------------------------------------------------------------------------ June 30, 2001 $ 11,312,000 ------------------------------------------------------------------------------ September 30, 2001 $ 11,312,000 ------------------------------------------------------------------------------ December 31, 2001 $ 11,312,000 ------------------------------------------------------------------------------ March 31, 2002 $ 12,370,000 ------------------------------------------------------------------------------ June 30, 2002 $ 12,370,000 ------------------------------------------------------------------------------ September 30, 2002 $ 12,370,000 ------------------------------------------------------------------------------ December 31, 2002 $ 12,370,000 ------------------------------------------------------------------------------ March 31, 2003 $333,960,078 ------------------------------------------------------------------------------ ; provided that the Loans, all obligations in respect of Letters of Credit and all other amounts owed hereunder with respect to the Loans and the Letters of Credit shall be paid in full no later than the Maturity Date, and the final installment payable by the Borrower in respect of the Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by the Borrower under this Agreement with respect to the Loans and the Letters of Credit.
Sample 1
Mandatory Scheduled Reductions. On the dates set forth below, the Aggregate Tranche A Commitments shall be permanently reduced on the following dates in the following percentages of the Aggregate Tranche A Commitments as of the Second Restatement Date: Date Percentage ---- ---------- September 30, 2000 5.0% December 31, 2000 5.0% March 31, 2001 5.0% June 30, 2001 5.0% September 30, 2001 5.0% December 31, 2001 5.0% March 31, 2002 5.0% June 30, 2002 5.0% September 30, 2002 5.0% December 31, 2002 5.0% March 31, 2003 5.0% June 30, 2003 5.0% September 30, 2003 5.0% December 31, 2003 5.0% March 31, 2004 5.0% June 30, 2004 5.0% September 30, 2004 5.0% December 31, 2004 5.0% March 31, 2005 5.0% June 30, 2005 5.0%.
Sample 1
Mandatory Scheduled Reductions. On the dates set forth below, the Aggregate Commitments shall be permanently reduced to the following amounts: Amount of Aggregate Date Commitments ---- ----------- June 30, 2000 $75,000,000 June 30, 2001 $50,000,000 June 30, 2002 $ -0-
Sample 1

Related to Mandatory Scheduled Reductions

  • Mandatory Prepayments Commitment Reductions 53 2.13 Application of Prepayments/Reductions............................................................................... 55 2.14 Allocation of Certain Payments and Proceeds......................................................................... 56 2.15

  • Termination, Reduction and Increase of Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

  • Scheduled Termination of Commitments Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts or the Borrowing Base is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

  • Mandatory Prepayments (a) If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, with respect to an amount equal to 75% of such Net Cash Proceeds (“Allocated Proceeds”; provided that the Borrower or such Subsidiary may instead deem a portion of such Net Cash Proceeds equal to the first 75% of the Total Net Proceeds to the Borrower or such Subsidiary from such Asset Sale or Recovery Event, when and as received, to be the Allocated Proceeds of such Asset Sale or Recovery Event), (i) if such Allocated Proceeds are not Reinvestment Proceeds, such Allocated Proceeds shall be applied on the fifth Business Day after the date such proceeds are received toward the prepayment of the Term Loans or (ii) if such Allocated Proceeds are Reinvestment Proceeds, on each Reinvestment Prepayment Date, an amount equal to the relevant Reinvestment Prepayment Amount shall be applied toward the prepayment of the Term Loans in the manner specified in Section 2.9(c); provided that, notwithstanding clauses (i) and (ii) above, to the extent that the terms of the documentation for any First Lien Notes or Pre-Existing Debt that is secured on a pari passu basis with the Obligations under this Agreement require that a portion of such Allocated Proceeds be applied to purchase First Lien Notes or Pre-Existing Debt pursuant to a mandatory offer to purchase such First Lien Notes or Pre-Existing Debt, such Allocated Proceeds may be applied to prepay Term Loans in accordance with Section 2.9(c) and purchase First Lien Notes and/or Pre-Existing Debt on a pro rata basis based on the respective amounts of Term Loans and First Lien Notes and/or Pre-Existing Debt then outstanding.

  • Mandatory Prepayments and Commitment Reductions 28 2.11 Conversion and Continuation Options............................... 29 2.12 Minimum Amounts and Maximum Number of Eurodollar Tranches......... 30 2.13 Interest Rates and Payment Dates.................................. 30 2.14 Computation of Interest and Fees.................................. 30 2.15 Inability to Determine Interest Rate.............................. 31 2.16 Pro Rata Treatment and Payments................................... 31 2.17

  • Voluntary Prepayments Commitment Reductions (a) Prior to the Stated Maturity Date, the Borrower may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Loans; provided, however, that:

  • Payments Reductions of Commitments Prepayments 16 2.5. Promise to Pay; Promissory Notes. 26

  • Mandatory Commitment Reductions (a) Scheduled Reductions in Facility A Commitment. Commencing March 31, 2000 and at the end of each calendar quarter thereafter, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to the percentage of the Facility A Commitment as in effect on the Agreement Date, as set forth below: Amount of Dates of Facility A Commitment Reductions Each Reduction ----------------------------------------- --------------- March 31, 2000, June 30, 2000, September 30, 2000 and December 31, 2000 2.500% March 31, 2001, June 30, 2001, September 30, 2001 and December 31, 2001 3.750% March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 5.000% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 6.250% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 7.500%

  • Optional Termination or Reduction of Commitments During the Revolving Credit Period, the Company may, upon at least three Domestic Business Days’ notice to the Administrative Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time or (ii) ratably reduce from time to time by an aggregate amount of $25,000,000 or any larger multiple thereof, the aggregate amount of the Commitments in excess of the aggregate outstanding principal amount of the Loans.

  • Other Mandatory Prepayments In addition to and without limiting any provision of any Loan Document:

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