Common use of PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS Clause in Contracts

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers or any of their Subsidiaries of any surplus assets of any pension plan of Borrowers or any for their Subsidiaries, Borrowers shall prepay the Loans and/or the Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension Proceeds") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers Borrower or any of their its Subsidiaries of or any surplus assets of any pension plan Pension Plan of Borrowers Borrower or any for their of its Subsidiaries, Borrowers Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension Proceeds") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers Holdings or any of their its Subsidiaries of any surplus assets of any pension plan of Borrowers Holdings or any for their of its Subsidiaries, Borrowers Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension ProceedsNET REVERSION AMOUNT") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers Company or any of their its Subsidiaries of any surplus assets of any pension plan of Borrowers Company or any for their of its Subsidiaries, Borrowers Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension ProceedsNET PENSION PROCEEDS") equal to 100% of such returned surplus assets, assets net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers a Loan Party or any of their its Subsidiaries of any surplus assets of any pension plan of Borrowers a Loan Party or any for their of its Subsidiaries, Borrowers Borrower shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension Proceeds") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers Holdings or any of their its Subsidiaries of any surplus assets of any pension plan of Borrowers Holdings or any for their of its Subsidiaries, Borrowers Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension Proceeds") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.the

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers Company or any of their its Subsidiaries of any surplus assets of any pension plan of Borrowers Company or any for their of its Subsidiaries, Borrowers Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension ProceedsNET PENSION PROCEEDS") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers Borrower or any of their its Subsidiaries of any surplus assets of any pension plan of Borrowers Borrower or any for their of its Subsidiaries, Borrowers Borrower shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension Proceeds") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers Borrower or any of their its Subsidiaries of any surplus assets of any pension plan of Borrowers Borrower or any for their of its Subsidiaries, Borrowers Borrower shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension ProceedsNET PENSION PROCEEDS") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

PREPAYMENTS AND REDUCTIONS DUE TO REVERSION OF SURPLUS ASSETS OF PENSION PLANS. On the first Business Day following the date of return to Borrowers Company or any of their its Subsidiaries of any surplus assets of any pension plan of Borrowers Company or any for their of its Subsidiaries, Borrowers Company shall prepay the Loans and/or the Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension ProceedsReversion Amount") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.