Common use of Scheduled Reductions Clause in Contracts

Scheduled Reductions. Commencing on September 30, 1999 and at the end of each calendar quarter thereafter, the Commitment as of September 29, 1999 shall be automatically and permanently reduced as set forth below (which reductions are in addition to those set forth in Sections 2.5(b), 2.5(c), 2.5(d) and 2.6 hereof): Quarterly Percentage of Reduction of Dates of Commitment Reduction Commitment as of September 29, 1999 September 30, 1999 and December 31, 1999 3.750% March 31, 2000, June 30, 2000, 3.125% September 30, 2000 and December 31, 2000 March 31, 2001, June 30, 2001, 4.375% September 30, 2001 and December 31, 2001 March 31, 2002, June 30, 2002, 5.625% September 30, 2002 and December 31, 2002 March 31, 2003, June 30, 2003, 5.625% September 30, 2003 and December 31, 2003 March 31, 2004, June 30, 2004 4.375% September 30, 2004 and Maturity Date The Borrower shall make a repayment of the Loans outstanding, together with accrued interest thereon, on or before the effective date of each reduction in the Commitment under this Section 2.5(a), such that the aggregate principal amount of the Loans outstanding at no time exceeds the Commitment as so reduced. Any remaining unpaid principal and interest under the Commitment shall be due and payable in full on the Maturity Date, and the Commitment shall thereupon terminate.

Scheduled Reductions. Commencing on September 30, 1999 2000 and at the end of each calendar quarter thereafter, the Existing Commitment as of September 29, 1999 2000 shall be automatically and permanently reduced as set forth below (which reductions are in addition to those set forth in Sections 2.5(b), 2.5(c), 2.5(d) and 2.6 hereof): Quarterly Percentage Xxxxxxxxx Xxxxxxxxxx of Reduction of Existing Commitment Dates of Existing Commitment Reduction Commitment as of As Of September 29, 1999 September 30, 1999 and December 31, 1999 3.750% March 31, 2000, June 30, 2000, 3.125% 2000 -------------------------------------- --------------------------------- September 30, 2000 and December 31, 2000 3.750% March 313 1, 2001, June 30, 2001, 4.375% September 30, 2001 and December 31, 2001 3.125% March 31, 2002, June 30, 2002, 5.625% September 30, 2002 and December 31, 2002 3.750% March 31, 2003, June 30, 2003, 5.625% September 30, 2003 and December 31, 2003 5.000% March 31, 2004, June 30, 2004 4.375% 2004, September 30, 2004 and Maturity Date December 31, 2004 5.625% March 31, 2005 7.500% The Borrower shall make a repayment of the Loans outstanding, together with accrued interest thereon, on or before the effective date of each reduction in the Existing Commitment under this Section 2.5(a), such that the aggregate principal amount of the Loans outstanding at no time exceeds the Existing Commitment as so reduced. Any remaining unpaid principal and interest under the Existing Commitment shall be due and payable in full on the Maturity Date, and the Existing Commitment shall thereupon terminate.

Scheduled Reductions. Commencing on September 30, 1999 2000 and at the end of each calendar quarter thereafter, the Existing Commitment as of September 29, 1999 2000 shall be automatically and permanently reduced as set forth below (which reductions are in addition to those set forth in Sections 2.5(b), 2.5(c), 2.5(d) and 2.6 hereof): Quarterly Percentage Xxxxxxxxx Xxxxxxxxxx xx Xxxxxxxxx of Reduction of Existing Commitment Dates of Existing Commitment Reduction Commitment as of As Of September 29, 1999 September 30, 1999 and December 31, 1999 3.750% March 31, 2000, June 30, 2000, 3.125% 2000 -------------------------------------- --------------------------------- September 30, 2000 and December 31, 2000 3.750% March 313 1, 2001, June 30, 2001, 4.375% September 30, 2001 and December 31, 2001 3.125% March 31, 2002, June 30, 2002, 5.625% September 30, 2002 and December 31, 2002 3.750% March 31, 2003, June 30, 2003, 5.625% September 30, 2003 and December 31, 2003 5.000% March 31, 2004, June 30, 2004 4.375% 2004, September 30, 2004 and Maturity Date December 31, 2004 5.625% March 31, 2005 7.500% The Borrower shall make a repayment of the Loans outstanding, together with accrued interest thereon, on or before the effective date of each reduction in the Existing Commitment under this Section 2.5(a), such that the aggregate principal amount of the Loans outstanding at no time exceeds the Existing Commitment as so reduced. Any remaining unpaid principal and interest under the Existing Commitment shall be due and payable in full on the Maturity Date, and the Existing Commitment shall thereupon terminate.