Common use of Mandatory Reductions Clause in Contracts

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi).

Appears in 1 contract

Sources: Credit Agreement (Newark Group Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii3.3(b)(ii), (iii) or (iv), the Aggregate Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Delta Woodside Industries Inc /Sc/)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii3.3(b)(v), the Aggregate Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Modtech Holdings Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii3.3(b)(vi), the Aggregate Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Cluett Peabody & Co Inc /De)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii3.3(b)(ii), (iii) or (iv), the Aggregate Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Delta Woodside Industries Inc /Sc/)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.8(b) (i) - (v), the Aggregate Available Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Directed Electronics, Inc.)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.6(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Lower Road Associates LLC)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii3.3(b)(iii), the Aggregate Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Simcala Inc)

Mandatory Reductions. On any date that the Revolving Loans -------------------- are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.7(b) (ii), (iii), (iv), (v), and (vi), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Advanced Glassfiber Yarus LLC)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid or the Revolving Commitments are required to be reduced pursuant to the terms of Section 2.6(b)(ii3.3(b)(ii), the Aggregate Revolving Committed Amount shall automatically be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)prepayment.

Appears in 1 contract

Sources: Credit Agreement (Airgas Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.7(b) (ii), (iii), (iv), (v), (vi), (vii), and (viii), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Galey & Lord Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii3.3(b)(ii), the Aggregate Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Westpoint Stevens Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.8(b) (i) - (v), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Directed Electronics, Inc.)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.5(b)(ii) – (v), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Fisher Communications Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii3.3(b)(i) or (ii), the Aggregate Revolving Committed Amount automatically shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Benihana Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.8(b) (ii), (iii), (iv) and (v), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Medsource Technologies Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.6(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi2.6(b)(v).

Appears in 1 contract

Sources: Credit Agreement (MPS Group Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.7(b)(ii), (iii), and (v), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Right Management Consultants Inc)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.5(b) (ii), (iii) and (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Lower Road Associates LLC)

Mandatory Reductions. On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.6(b)(ii2.4(b) (ii) – (iv), the Aggregate Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction to the extent required pursuant to Section 2.6(b)(vi)reduction.

Appears in 1 contract

Sources: Credit Agreement (Stec, Inc.)