Common use of Mandatory Revolving Credit Terminations Clause in Contracts

Mandatory Revolving Credit Terminations. If at any time net cash proceeds remain after the prepayment of the Term Loans in full pursuant to Section 1.9(b) hereof, the Revolving Credit Commitments shall ratably terminate by an amount equal to 100% of such excess proceeds (it being expressly understood and agreed that any such mandatory termination of the Revolving Credit Commitments hereunder as a result of the foregoing shall be in addition to any and all other rights and remedies that the Banks may have as a result of any breach of the terms of Section 8.13 hereof).

Mandatory Revolving Credit Terminations. If at any time net cash proceeds Net Cash Proceeds or Excess Cash Flow Net Proceeds remain after the prepayment of the Term Loans in full pursuant to Section 1.9(b) hereof, the Revolving Credit Commitments shall ratably terminate by an amount equal to 100% of such excess proceeds (it being expressly understood and agreed that any such mandatory termination of the Revolving Credit Commitments hereunder as a result of the foregoing shall be in addition to any and all other rights and remedies that the Banks may have as a result of any breach of the terms of Section 8.13 hereof)proceeds.