Mandatory Reduction of Commitments Sample Clauses

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Initial Term Loan Commitment shall terminate in its entirety on the Closing Date after the funding of all Initial Term Loans on such date. (b) In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date. (c) Each reduction to the Total Initial Term Loan Commitment and the Total Incremental Term Loan Commitment under a given Tranche pursuant to this Section 4.02 as provided above (or pursuant to Section 5.02) shall be applied proportionately to reduce the Initial Term Loan Commitment or the Incremental Term Loan Commitment under such Tranche, as the case may be, of each Lender with such a Commitment.

Mandatory Reduction of Commitments. (a) In addition to any other mandatory commitment reductions pursuant to this Section 3.05 or any other Section of this Agreement, the Total Commitment (and the Commitment of each Lender) shall terminate in its entirety on the Commitment Termination Date. (b) In addition to any other mandatory commitment reductions pursuant to this Section 3.05 or any other Section of this Agreement, the Total Commitments (and the Commitments of each Lender) shall be reduced (immediately after the relevant Loans are made) on each Borrowing Date by the amount of Commitments (denominated in Euro) utilized to make the Loans made on such Borrowing Date. (c) In addition to any other mandatory commitment reductions pursuant to this Section 3.05 or any other Section of this Agreement, the Total Commitment shall be terminated at the times required by Section 4.02. (d) Each reduction to the Total Commitment pursuant to this Section 3.05 and Section 4.02 shall be applied proportionately to reduce the Commitment of each Lender.

Mandatory Reduction of Commitments. The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Lender) shall terminate in its entirety upon the Final Maturity Date.

Mandatory Reduction of Commitments. (a) The Total Commitment (and the Term Loan Commitment, Revolving Loan Commitment and the PF Letter of Credit Commitment of each Lender) shall terminate in its entirety on December 23, 2003, unless the Initial Borrowing Date has occurred on or before such date. (b) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Term Loan Commitment (and the Term Loan Commitment of each Lender) shall (i) be reduced on each date on which Term Loans are incurred (after giving effect to the making of Term Loans on such date) in an amount equal to the aggregate principal amount of Term Loans incurred on such date, (ii) terminate in its entirety (to the extent not theretofore terminated) on the Term Loan Commitment Termination Date (after giving effect to any incurrence of Term Loans on such date) and (iii) prior to the termination of the Total Term Loan Commitment as provided in clauses (i) and (ii) above, be reduced from time to time to the extent required by Section 4.02. (c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Lender) shall terminate in its entirety on the earlier to occur of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders shall otherwise consent in writing in their sole discretion, a Change of Control Event. (d) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total PF Letter of Credit Commitment (and the PF Letter of Credit Commitment of each PF Lender) shall terminate in its entirety upon the earlier to occur of (i) the Term Loan Maturity Date and (ii) unless the Required Lenders otherwise agree in writing, the date on which a Change of Control Event occurs. At the time of any termination of the Total PF Letter of Credit Commitment pursuant to this Section 3.03(d) or pursuant to Section 10, the Administrative Agent shall return to the PF Lenders (ratably in accordance with their respective PF Percentages) their Credit-Linked Deposits (to the extent not theretofore applied pursuant to Section 2.03(c)(iii)) in an amount by which the aggregate amount of the Credit-Linked Deposits at such time exceeds the aggregate PF Letter of Credit Outstandings at such time. (e) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment shall be permanently reduced from time t...

Mandatory Reduction of Commitments. (a) The Total Commitment (and the Commitment of each Lender) shall terminate in its entirety on November 30, 1999 unless the Effective Date has occurred on or before such date. (b) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, on each date on or after the Effective Date on which the Borrower receives any cash proceeds from any sale of any Shares (other than cash proceeds from such sales of Shares (other than the Superior Option Shares) up to an aggregate amount which, when added to the aggregate amount of cash proceeds received by the Borrower from the incurrence by it of Indebtedness (other than Loans) which is not (or was not) required to be applied to reduce the Total Commitment pursuant to Section 3.03(c), equals $10,000,000), the Total Commitment shall be permanently reduced on such date by an amount equal to 100% of the Net Sale Proceeds from such sale. (c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, on each date on or after the Effective Date on which the Borrower receives any cash proceeds from any incurrence of Indebtedness for borrowed money (other than Indebtedness for borrowed money permitted to be incurred pursuant to Section 9.04 as such Section is in effect on the Effective Date) by the Borrower, the Total Commitment shall be permanently reduced on such date by an amount equal to 100% of the Net Debt Proceeds of the respective incurrence of Indebtedness. (d) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, on each date on or after the Effective Date on which the Borrower receives any cash proceeds from any equity issuance or capital contributions (other than cash proceeds received (i) from the issuance by the Borrower of (A) options to purchase shares of its common stock or (B) shares of its common stock as a result of the exercise of any options with regard thereto, in either case to past or present officers, directors, employees and consultants of the Borrower in connection with, or pursuant to, employee stock option plans or similar incentive plans so long as the aggregate amount excluded pursuant to this clause (i) does not exceed $20,000,000 and (ii) from the exercise of any warrants to purchase common stock of the Borrower existing on the Effective Date), the Total Commitment shall be permanently reduced on such date by an amount equal to 50% of the cash proceeds of such capital contribution or sale or issuance (...

Mandatory Reduction of Commitments. The Commitment shall be permanently reduced by the amount of each Loan made on the Restatement Date.

Mandatory Reduction of Commitments. The Initial Term Loan Commitment of each Lender shall terminate permanently in its entirety on the Closing Date (after giving effect to the incurrence of the Initial Term Loans on such date).

Mandatory Reduction of Commitments. (a) The Total Commitment (and the Commitments of each Lender) shall terminate in its entirety on December 31, 2010, unless the Effective Date has occurred on or prior to such date. (b) The Total Commitment (and the Commitments of each Lender) shall terminate in its entirety upon the Revolving Loan Maturity Date.

Mandatory Reduction of Commitments. (a) The Total ---------------------------------- Commitment (and the B Term Loan Commitment and the Revolving Loan Commitment of each Bank) shall terminate on the Commitment Expiration Date unless the Initial Borrowing Date has occurred on or before such date. (b) The Total B Term Loan Commitment (and the B Term Loan Commitment of each Bank with such a Commitment) shall terminate (x) on each date on which B Term Loans are incurred in an amount equal to the aggregate principal amount of B Term Loans so incurred and (y) in its entirety on the earlier of (i) June 30, 1999 (after giving effect to the making of any B Term Loans on such date) and (ii) the date on which any Change of Ownership Event occurs. (c) Subject to Sections 3.02 and 3.03(d), the Total Revolving Loan Commitment shall be permanently reduced on each date set forth below (provided that if any date set forth below is not a Business Day then the permanent reduction shall occur on the first Business Day immediately succeeding such date set forth below) (each a "Scheduled RLC Reduction Date"), in the amount set forth below opposite such date (each such reduction, as such reduction may have been reduced pursuant to Sections 3.02 and/or 3.03(d), a "Scheduled RLC Reduction"): Scheduled RLC Reduction Date Amount -------------- ------ June 30, 1999 $ 5,500,000 June 30, 2000 $11,000,000 June 30, 2001 $11,000,000 June 30, 2002 $16,500,000 June 30, 2003 $16,500,000 June 30, 2004 $22,000,000 Revolving Maturity Date $27,500,000 (d) The Total B Term Loan Commitment and the Total Revolving Loan Commitment shall be reduced on the dates and in the amounts specified in Section 4.02(B)(a). Each reduction to the Total Revolving Loan Commitment pursuant to this Section 3.03(d) shall reduce each of the remaining Scheduled RLC Reductions on a pro rata basis (based upon the then remaining amount of each --- ---- such Scheduled RLC Reduction). (e) The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each RL Bank) shall terminate on the earlier of (i) the date on which any Change of Ownership Event occurs and (ii) the Revolving Maturity Date. (f) Each reduction of the Total Revolving Loan Commitment and/or Total B Term Loan Commitment pursuant to this Section 3.03 shall apply proportionately to the Revolving Loan Commitment and/or B Term Loan Commitment, as applicable, of each Bank with Commitments under the applicable Facility.