Common use of Mandatory Commitment Reduction Clause in Contracts

Mandatory Commitment Reduction. The Commitment shall automatically and permanently be reduced by (i) an amount equal to $25,000,000 on September 30, 2006 and (ii) by an amount equal to $25,000,000 on March 31, 2007.

Appears in 1 contract

Sources: Credit Agreement (Marvel Entertainment, Inc.)

Mandatory Commitment Reduction. The Commitment Commitments shall automatically and permanently be reduced by (i) an amount equal to $25,000,000 on September 30, 2006 and (ii) by an amount equal to $25,000,000 50,000,000 on March 31, 20072006.

Appears in 1 contract

Sources: Credit Agreement (Marvel Entertainment, Inc.)