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Common use of Mandatory Reductions Clause in Contracts

Mandatory Reductions. The Revolving Committed Amount and the Swingline Committed Amount automatically shall be permanently reduced from time to time in accordance with the terms of Section 3.3(b)(vi).

Appears in 5 contracts

Sources: Credit Agreement (Birds Eye Foods, Inc.), Credit Agreement (Mg Waldbaum Co), Credit Agreement (Mg Waldbaum Co)

Related Clauses

  • Mandatory Reduction
  • Mandatory Reduction of Commitments
  • Voluntary Reductions
  • Mandatory Repayments
  • Mandatory Repayment

Parent Clauses

  • Termination or Reduction of Aggregate Revolving Commitments
  • Other Provisions Relating to Credit Facilities
  • Termination or Reduction of Commitments
  • The Commitments and Credit Extensions
  • Commitment Reductions

Sub-Clauses

  • Purchased Assets Coverage Percentage Computation
  • Deemed Collections
  • Quarterly Reductions
  • Debt or Equity Offerings
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