Common use of Mandatory Reduction of Revolving Commitments Clause in Contracts

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. Except as otherwise expressly provided After the payment in Section 6.2.1 hereoffull of the Term Loans, 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.