Common use of Reductions Resulting From Mandatory Repayments Clause in Contracts

Reductions Resulting From Mandatory Repayments. The Revolving Loan Commitment also shall be permanently reduced to the extent and in the amount that Borrower is required, pursuant to Subsection 1.8, to apply mandatory repayments to be made pursuant to Subsection 1.7(B), (C), (D) or (E) to the Revolving Loan Facility (whether or not any Revolving Loans are then outstanding and available to be repaid). All reductions provided for in this Subsection 1.6(B) shall be in addition to (and shall not serve to reduce the amount or date of) the scheduled reductions provided for in Subsection 1.6(A)(3) and the voluntary reductions provided for in Subsection 1.6(C) and, accordingly, may result in the termination of the Revolving Loan Commitment prior to the date set forth in clause (iii) of the definition of the term “Revolving Loan Expiration Date.”

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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Reductions Resulting From Mandatory Repayments. The Revolving Loan Commitment also shall be permanently reduced to the extent and in the amount that Borrower is required, pursuant to Subsection 1.8, to apply mandatory repayments to be made pursuant to Subsection 1.7(B), (C1.7(C), (D1.7(D) or (E1.7(E) to the Revolving Loan Facility (whether or not any Revolving Loans are then outstanding and available to be repaid). All reductions provided for in this Subsection 1.6(B) shall be in addition to (and shall not serve to reduce the amount or date of) the scheduled reductions provided for in Subsection 1.6(A)(31.6(A) and the voluntary reductions provided for in Subsection 1.6(C) and, accordingly, may result in the termination of the Revolving Loan Commitment prior to the date set forth in clause (iii) of the definition of the term “Revolving Loan Expiration Date.”

Appears in 2 contracts

Samples: Credit Agreement (D&e Communications Inc), Credit Agreement (D&e Communications Inc)

Reductions Resulting From Mandatory Repayments. The Revolving Loan Commitment also shall be permanently reduced to the extent and in the amount that Borrower is required, pursuant to Subsection Section 1.8, to apply mandatory repayments to be made pursuant to Subsection 1.7(B), (C), (D), (E) or (EF) to the Revolving Loan Facility (whether or not any Revolving Loans are then outstanding and available to be repaid). All reductions provided for in this Subsection 1.6(B) shall be in addition to (and shall not serve to reduce the amount or date of) the scheduled reductions provided for in Subsection 1.6(A)(3Section 1.6(A) and the voluntary reductions provided for in Subsection 1.6(C) and, accordingly, may result in the termination of the Revolving Loan Commitment prior to the date set forth in clause (iii) of the definition of the term “Revolving Loan Expiration Date.

Appears in 1 contract

Samples: Credit Agreement (D&e Communications Inc)

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Reductions Resulting From Mandatory Repayments. The Revolving Loan Commitment also shall be permanently reduced to the extent and in the amount that Borrower is Borrowers are required, pursuant to Subsection Section 1.8, to apply mandatory repayments to be made pursuant to Subsection 1.7(B1.7 (B), (C), (D) or (ED) to the Revolving Loan Facility (whether or not any Revolving Loans are then outstanding and available to be repaid). All reductions provided for in this Subsection 1.6(B) shall be in addition to (and shall not serve to reduce the amount or date of) the scheduled reductions reduction provided for in Subsection 1.6(A)(3Section 1.6(A) and the voluntary reductions provided for in Subsection 1.6(C) and, accordingly, may result in the termination of the Revolving Loan Commitment prior to the date set forth in clause (iii) of the definition of the term “Revolving Loan Expiration Date.

Appears in 1 contract

Samples: Credit Agreement (Ct Communications Inc /Nc)

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