Common use of Mandatory Reduction Clause in Contracts

Mandatory Reduction. The unused amount of the Commitment shall be automatically reduced to zero on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Next Level Communications Inc)

Mandatory Reduction. The unused amount of the Commitment shall be automatically reduced ------------------- to zero on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Signature Resorts Inc)

Mandatory Reduction. The unused amount of the Commitment shall be automatically reduced to ------------------- zero on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Sunterra Corp)

Mandatory Reduction. The unused amount of On the Maturity Date, the Commitment shall ------------------- automatically be automatically reduced to zero on the Maturity Datezero.

Appears in 1 contract

Sources: Credit Agreement (Compusa Inc)

Mandatory Reduction. The unused amount of On the Maturity Date, the Commitment shall automatically be automatically reduced to zero on the Maturity Datezero.

Appears in 1 contract

Sources: Credit Agreement (Compusa Inc)