Mandatory Reduction of Revolving Commitments Sample Clauses

Mandatory Reduction of Revolving Commitments. On the date that any prepayment is to be made pursuant to Sections 5.1(c) (iv), (v), (vi), (vii) or (viii) is required to be applied to prepay the outstanding principal amount of Revolving Loans, then on such date the Total Revolving Commitment shall be permanently reduced on such date in an amount equal to the amount of such required prepayment and any such reduction shall apply to proportionately (based on each Lender’s Revolving Facility Percentage) and permanently reduce the Revolving Commitment of each Lender.

Mandatory Reduction of Revolving Commitments. On any date that -------------------------------------------- the Revolving Obligations are required to be prepaid pursuant to the terms of Section 3.3(b), the Revolving Commitments automatically shall be permanently reduced by the amount of such required prepayment.

Mandatory Reduction of Revolving Commitments. Except as otherwise expressly provided in Section 6.2.1 hereof, the Revolving Commitments shall be permanently reduced in an amount equal to the Designated Proceeds of any Mandatory Prepayment Event applied to the Revolving Loans in accordance with Section 6.2.1.

Mandatory Reduction of Revolving Commitments. On each anniversary of the Closing Date set forth below, the Total Commitment Amount shall be automatically and permanently reduced to the respective maximum amount set forth opposite such anniversary (unless theretofore reduced under SECTION 2.5 to a lesser amount): Anniversary of Closing Date Maximum Amount --------------------------- -------------- Third $675,000,000 Fourth $600,000,000 Fifth $500,000,000 On each such date when a reduction in the Total Commitment Amount becomes effective, the Company shall make a mandatory payment of all Revolving Loans equal to the excess, if any, of the aggregate outstanding principal amount of all Revolving Loans over the Total Commitment Amount as so reduced MINUS the Effective Amount of all Letter of Credit Obligations MINUS the Effective Amount of all Swingline Loans MINUS the Effective Amount of all Alternate Currency Loans PLUS the lesser of (x) the Effective Amount of all Alternate Currency Loans supported by Alternate Currency Standby Letters of Credit and (y) the Effective Amount of all Letter of Credit Obligations with respect to Alternate Currency Standby Letters of Credit.

Mandatory Reduction of Revolving Commitments. (a) 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 Lender with such a Commitment) shall terminate in its entirety on the Revolving Loan Maturity Date. (b) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, on each date upon which a mandatory repayment of Term Loans pursuant to any of Sections 4.02(d) through (g), inclusive, is required (and exceeds in amount the aggregate principal amount of Term Loans then outstanding) or would be required if Term Loans were then outstanding, the Total Revolving Loan Commitment shall be permanently reduced by the amount, if any, by which the amount required to be applied pursuant to said Sections (determined as if an unlimited amount of Term Loans were actually outstanding) exceeds the aggregate principal amount of Term Loans then outstanding. (c) Each reduction to the Total Revolving Loan Commitment pursuant to this Section 3.03 shall be applied proportionately to reduce the Revolving Loan Commitment of each Lender with such a Commitment.

Mandatory Reduction of Revolving Commitments. Section 6.2.3 is amended by deleting the last sentence thereof.

Mandatory Reduction of Revolving Commitments. On the date that any prepayment is to be made pursuant to Section 2.13(c) (v), (vi), (vii) or (viii), then on such date the Total Revolving Commitment shall be permanently reduced on such date in an amount equal to the amount of such required prepayment and any such reduction shall apply to proportionately (based on each Lender's Revolving Facility Percentage) and permanently reduce the Revolving Commitment of each Lender; provided, that, notwithstanding the foregoing, this Section 2.12(b) shall not require the Total Revolving Commitment to be reduced to less than $250,000,000 solely by operation of this provision.

Mandatory Reduction of Revolving Commitments. If the Term Loans have been (or as a result of the application of the proceeds from any applicable Mandatory Prepayment Event will be) paid in full, then upon the occurrence of a Mandatory Prepayment Event, the U.S. Revolving Commitments and the Euro Revolving Commitments shall be reduced by the amount, if any, of any Net Cash Proceeds which would have been required (and are not applied) to prepay the Term Loans pursuant to such subsections if the Term Loans had not been (or were not concurrently) paid in full, with each such reduction effective at the time such prepayment would have been required pursuant to SUBSECTION 2.8(a). Any such reduction shall be applied first to reduce the U.S. Revolving Commitments and then to reduce the Euro Revolving Commitments.

Mandatory Reduction of Revolving Commitments. If the Term Loans have been (or as a result of the application of the proceeds from any applicable Mandatory Prepayment Event will be) paid in full, then upon the occurrence of a Mandatory Prepayment Event described in SUBSECTION 2.8(a)(i) or 2.8(a)(ii), the Revolving Commitments shall be reduced by the amount, if any, of any Net Cash Proceeds which would have been required (and are not applied) to prepay the Term Loans pursuant to such subsections if the Term Loans had not been (or were not concurrently) paid in full, with each such reduction effective at the time such prepayment would have been required pursuant to SUBSECTION 2.8(a). Reductions of the Revolving Commitments pursuant to this SUBSECTION 2.6(b) shall not reduce any scheduled reduction of the Revolving Commitments pursuant to SUBSECTION 2.6(a).