Scheduled Reductions of Revolving Loan Commitments. The Revolving Loan Commitments shall be permanently reduced on the dates and in the amounts set forth below: SCHEDULED REDUCTION OF REVOLVING DATE LOAN COMMITMENTS ---- ------------------- March 31, 2010 $583,333 June 30, 2010 $583,333 September 30, 2010 $583,333 December 31, 2010 $583,333 March 31, 2011 $583,333 June 30, 2011 $583,333 September 30, 2011 $583,333 December 31, 2011 $583,333 March 31, 2012 $777,778 June 30, 2012 $777,778 September 30, 2012 $777,778 ; provided that the scheduled reductions of the Revolving Loan Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Revolving Loan Commitments in accordance with subsection 2.4B(iv); and provided, further, that the Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans shall be paid in full no later than the Final Maturity Date, and the final installment payable by Borrower in respect of the Revolving 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 Borrower under this Agreement with respect to the Revolving Loans.
Scheduled Reductions of Revolving Loan Commitments. Subsection 2.4A of the Credit Agreement is hereby amended by restating the table set forth therein in its entirety as follow: ================================================================================ QUARTER SCHEDULED REDUCTION ENDING OF REVOLVING LOAN COMMITMENTS -------------------------------------------------------------------------------- December 31, 1999 $ 687,500 -------------------------------------------------------------------------------- March 31, 2000 $ 1,718,750 -------------------------------------------------------------------------------- June 30, 2000 $ 1,718,750 -------------------------------------------------------------------------------- September 30, 2000 $ 1,718,750 -------------------------------------------------------------------------------- December 31, 2000 $ 1,718,750 -------------------------------------------------------------------------------- March 31, 2001 $ 2,062,500 -------------------------------------------------------------------------------- June 30, 2001 $ 2,062,500 -------------------------------------------------------------------------------- September 30, 2001 $ 2,062,500 -------------------------------------------------------------------------------- December 31, 2001 $ 2,062,500 -------------------------------------------------------------------------------- March 31, 2002 $ 2,406,250 -------------------------------------------------------------------------------- June 30, 2002 $ 2,406,250 -------------------------------------------------------------------------------- September 30, 2002 $ 2,406,250 -------------------------------------------------------------------------------- December 31, 2002 $ 2,406,250 -------------------------------------------------------------------------------- March 31, 2003 $ 2,406,250 -------------------------------------------------------------------------------- June 30, 2003 $ 2,406,250 -------------------------------------------------------------------------------- September 30, 2003 $ 2,406,250 -------------------------------------------------------------------------------- December 31, 2003 $2,406,250 -------------------------------------------------------------------------------- March 31, 2004 $2,750,000 -------------------------------------------------------------------------------- June 30, 2004 $2,750,000 -------------------------------------------------------------------------------- September 30, 2004 $2,750,000 --------------------------------------------...
Scheduled Reductions of Revolving Loan Commitments. The Revolving Loan Commitments shall be permanently reduced on the dates and in the amounts calculated pursuant to the percentages of the aggregate Revolving Loan Commitments as in effect on October 1, 2001, as set forth below: Date Scheduled Reduction of Revolving ---- Loan Commitments -------------------------------- March 31, 2004 3.00% June 30, 2004 3.00% September 30, 2004 3.00% December 31, 2004 3.00%
Scheduled Reductions of Revolving Loan Commitments. Except as set forth in the following proviso, the Revolving Loan Commitments shall be permanently reduced on the date and in the amount set forth below: ------------------------------------------------------------ SCHEDULED REDUCTION DATE OF REVOLVING LOAN COMMITMENTS ------------------------------------------------------------ June 30, 2005 $175,000,000 ------------------------------------------------------------ ; and provided further, that the scheduled reductions of the Revolving Loan Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Revolving Loan Commitments in accordance with subsection 2.4C.
Scheduled Reductions of Revolving Loan Commitments. The Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans shall be paid in full no later than the Final Maturity Date, and the final installment payable by Borrower in respect of the Revolving Loans on such date shall be in an amount sufficient to repay all amounts owing by Borrower under this Agreement with respect to the Revolving Loans.
Scheduled Reductions of Revolving Loan Commitments. The table set forth in Section 2.4B of the Credit Agreement is amended to read in its entirety as follows: SCHEDULED REDUCTION OF DATE REVOLVING LOAN COMMITMENTS ---- -------------------------- December 31, 2003 $ 28,125,000 March 31, 2004 40,625,000 June 30, 2004 40,625,000 September 30, 2004 40,625,000 ------------ $150,000,000
Scheduled Reductions of Revolving Loan Commitments. The Revolving Loan Commitments shall be permanently reduced on the dates and in the amounts set forth below: QUARTER SCHEDULED REDUCTION ENDING OF REVOLVING LOAN COMMITMENTS ------- ------------------- September 30, 1999 $ 3,500,000 December 31, 1999 $ 3,500,000 March 31, 2000 $ 3,500,000 June 30, 2000 $ 3,500,000 September 30, 2000 $ 3,500,000 December 31, 2000 $ 3,500,000 March 31, 2001 $ 3,500,000 June 30, 2001 $ 3,500,000 September 30, 2001 $ 3,500,000 December 31, 2001 $ 3,500,000 March 31, 2002 $ 4,375,000 June 30, 2002 $ 4,375,000 September 30, 2002 $ 4,375,000 December 31, 2002 $ 4,375,000 March 31, 2003 $ 5,250,000 June 30, 2003 $ 5,250,000 September 30, 2003 $ 5,250,000 December 31, 2003 $ 5,250,000 March 31, 2004 $ 7,000,000 June 30, 2004 $ 7,000,000 September 30, 2004 $ 7,000,000 December 31, 2004 $ 7,000,000 March 31, 2005 $ 9,625,000 June 30, 2005 $ 9,625,000 September 30, 2005 $ 9,625,000 December 31, 2005 $ 9,625,000 ; provided that the scheduled reductions of the Revolving Loan Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Revolving Loan Commitments in accordance with subsection 2.4B(iv).
Scheduled Reductions of Revolving Loan Commitments. The -------------------------------------------------- Revolving Loan Commitments shall be permanently reduced by $10,000,000 on December 31, 2002.
Scheduled Reductions of Revolving Loan Commitments. The Revolving Loan Commitments shall be permanently reduced on the dates and in the amounts set forth below: Scheduled Reduction of Date Revolving Loan Commitments ---- -------------------------- December 31, 2001 $ 9,375,000 March 31, 2002 9,375,000 June 30, 2002 9,375,000 September 30, 2002 9,375,000 December 31, 2002 12,500,000 March 31, 2003 12,500,000 June 30, 2003 12,500,000 September 30, 2003 12,500,000 December 31, 2003 40,625,000 March 31, 2004 40,625,000 June 30, 2004 40,625,000 September 30, 2004 40,625,000 ------------ $250,000,000 ; provided that the scheduled reductions of the Revolving Loan Commitments set forth above shall be reduced in connection with any voluntary or mandatory reductions of the Commitments in accordance with subsection 2.4C(iv); and provided further that in the event that the aggregate principal amount of Revolving Loan Commitments is increased pursuant to subsection 2.1A(iv), then each scheduled reduction to be made after such increase becomes effective shall be increased by an amount equal to (a) the aggregate principal amount of the increase in Revolving Loan Commitments pursuant to subsection 2.1A(iv) multiplied by (b) a fraction equal to (x) such
Scheduled Reductions of Revolving Loan Commitments. Commencing on June 30, 2003, and on the last day of each calendar quarter ending during the periods set forth below, the Revolving Loan Commitments as of June 29, 2003 shall be automatically and permanently reduced by the percentage amount set forth below (which reductions are in addition to those set forth in Sections 2.5(b) and (c) and 2.6 hereof): June 30, 2003, September 30, 2003, December 31, 2003 and March 31, 2004 3.125 % June 30, 2004, September 30, 2004, December 31, 2004 and March 31, 2005 4.375 % June 30, 2005, September 30, 2005, December 31, 2005 and March 31, 2006 5.000 % June 30, 2006, September 30, 2006, December 31, 2006 and March 31, 2007 6.250 % June 30, 2007, September 30, 2007, December 31, 2007 and March 31, 2008 6.250 %
