Common use of Mandatory Reductions of the Revolving Commitment Amount Clause in Contracts

Mandatory Reductions of the Revolving Commitment Amount. Concurrently with the receipt by the Company or any Subsidiary of any Applicable Revolving Proceeds, the Revolving Commitment Amount shall be reduced by an amount equal to 100% of such Applicable Revolving Proceeds (rounded down, if necessary, to an integral multiple of $100,000); provided that no such reduction shall be required unless the aggregate amount of such Applicable Revolving Proceeds so received together with all Applicable Revolving Proceeds previously received and not previously applied to reduce the Revolving Commitment Amount pursuant to this Section 6.2.2 exceeds $100,000.

Mandatory Reductions of the Revolving Commitment Amount. Concurrently with the receipt by the Company or any Subsidiary of any Applicable Revolving Proceeds, the Revolving Commitment Amount shall be reduced by an amount equal to 100% of such Applicable Revolving Proceeds (rounded down, if necessary, to an integral multiple of 31 39 $100,000); provided that no such reduction shall be required unless the aggregate amount of such Applicable Revolving Proceeds so received together with all Applicable Revolving Proceeds previously received and not previously applied to reduce the Revolving Commitment Amount pursuant to this Section 6.2.2 6.2.1 exceeds $100,000.