OTHER MANDATORY REDUCTIONS. The Aggregate Revolving Commitment shall be permanently reduced at the times and in the amounts required by Section 2.4(b).
OTHER MANDATORY REDUCTIONS. If after applying all or any portion of a reduction or prepayment required by Section 2.4 hereof, the Tranche B Loans shall have been paid in full, the Aggregate Tranche A Commitments shall be permanently reduced in an amount equal to (i) the Aggregate Prepayment/Reduction Amount to be applied as of such date pursuant to Section 2.4 hereof (less any portion of such amount which is applied to the Tranche B Loans) minus (ii) an amount equal to the sum of (x) the product of the Aggregate Tranche B-1 Percentage and the Aggregate Prepayment/Reduction Amount to be applied as of such date plus (y) the product of the Aggregate Tranche C Percentage and the Aggregate Prepayment/Reduction Amount to be applied as of such date.
OTHER MANDATORY REDUCTIONS. On the date that the Borrower and its Subsidiaries receive net proceeds from any Disposition permitted by Section 7.01(b), the Total Commitment shall be reduced by an amount equal to 75% of such net proceeds in excess of $5,000,000, measured on a cumulative basis for all Dispositions since the Second Amendment Effective Date; PROVIDED, HOWEVER that, during the Collateralization Period, the amount of any such reduction shall be decreased by an amount equal to any net proceeds of Collateral Dispositions that have been delivered to the Noteholders or withheld by the Collateral Agent pursuant to the Security Agreement. For purposes of the Senior Notes (as defined in the Security Agreement), this section shall be deemed to constitute an offer by the Borrower to prepay the Loans and reduce in the Total Commitment in the amount and on the terms contained herein, and the Lenders hereby accept the foregoing offer."
2.14 Section 2.11(c) of the Agreement (Mandatory Prepayments) is amended by inserting "7.01(b)," after "Section" in the third line thereof.
2.15 Section 5.04 of the Agreement (Subsidiaries of Borrower) is amended by inserting the following sentence at the end thereof: "During the Collateralization Period, all capital stock, domestic inventory and domestic accounts receivable of each Domestic Subsidiary and 60% of the capital stock of each Material Foreign Subsidiary are Collateral."
2.16 The following new section is inserted in the Agreement immediately following Section 5.18 as follows:
OTHER MANDATORY REDUCTIONS. On the third Euro-Dollar Business Day after any date on which any Net Proceeds are received by or on behalf of any Prepayment Party in respect of any Prepayment Event, the Commitments will be permanently reduced as follows:
OTHER MANDATORY REDUCTIONS. If after applying all or any portion of a reduction or prepayment required by Section 2.4 hereof, the Aggregate Tranche B Commitments shall have been terminated or no longer exist and the Tranche B Loans shall have been paid in full, the Aggregate Tranche A Commitments shall be permanently reduced in an amount equal to (i) the Aggregate Prepayment/Reduction Amount to be applied as of such date pursuant to Section 2.4 hereof (less any portion of such amount which is applied to the Aggregate Tranche B Commitments and Tranche B Loans pursuant to the provisions of Section 2.4 of the Tranche B Credit Agreement) MINUS (ii) the product of the Aggregate Tranche C Percentage and the Aggregate Prepayment/Reduction Amount to be applied as of such date.
OTHER MANDATORY REDUCTIONS. (i) Upon the making of any mandatory prepayment under clause (ii), (iii) or (iv) of Section 5.03(b) on or prior to the Revolving Expiry Date, the Revolving Commitment of each Lender shall automatically reduce by an amount equal to such Lender’s Pro Rata Share of the aggregate amount of principal of Revolving Loans, Swingline Loans and L/C Advances prepaid and Letters of Credit cash collateralized, effective as of the date of receipt by the Borrower or its Subsidiary of the Net Proceeds or Net Issuance Proceeds, as the case may be, arising from the applicable disposition of assets, incurrence of debt for borrowed money or Event of Loss.
(ii) If prior to the Revolving Expiry Date the amount required to be paid on account of the Revolving Loans, Swingline Loans or L/C Advances, or applied to cash collateralize the Letters of Credit, pursuant to clause (ii), (iii) or (iv) of Section 5.03(b) shall exceed the outstanding principal amount of the Revolving Loans, Swingline Loans and L/C Advances or the amount of the L/C Obligations then outstanding, such automatic reduction shall nonetheless occur and shall be determined on the basis of the amount of Revolving Loans, Swingline Loans and L/C Advances that would be required to be prepaid and Letters of Credit that would be required to be cash collateralized assuming the Revolving Commitments were fully utilized.
OTHER MANDATORY REDUCTIONS. The Aggregate Tranche B Commitments shall be permanently reduced at the times and in the amounts required by Section 2.4.
OTHER MANDATORY REDUCTIONS. The Total Tranche A Commitment (without giving effect, in the case of any reduction required pursuant to this clause (c) relating to Section 1.05(b)(v), to any increase thereof in the event that the Permitted Additional Indebtedness referred to in Section
OTHER MANDATORY REDUCTIONS. The Aggregate Facility B Commitment shall be permanently reduced at the times and in the amounts required by Section 2.4(b).
OTHER MANDATORY REDUCTIONS. (i) Upon the making of any mandatory prepayment under clause (ii), (iii) or (iv) of Section 5.03(b) on or prior to the Revolving Expiry Date, the Revolving Commitment of each Lender shall automatically reduce by an amount equal to such Lender's Pro Rata Share of the aggregate amount of principal of Revolving Loans, Swingline Loans and L/C Advances
