Common use of MANDATORY REVOLVING LOAN COMMITMENT REDUCTIONS Clause in Contracts

MANDATORY REVOLVING LOAN COMMITMENT REDUCTIONS. (a) Scheduled Reductions under Revolving Loan Commitment. ---------------------------------------------------- Commencing June 30, 2001, and on the last day of each calendar quarter ending during the periods set forth below, the Revolving Loan Commitment as of June 29, 2001 shall be automatically and permanently reduced by the percentage amount set forth below: Percentage of Revolving Loan Commitment as of Reduction Dates June 29, 2001 --------------- ------------- June 30, 2001, September 30, 2001 and December 31, 2001 2.500% March 31, 2002, June 30, 2002, September 30, 2002 and December 31, 2002 3.125% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 3.750% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 5.000% March 31, 2005, June 30, 2005, September 30, 2005 and December 31, 2005 5.625% March 31, 2006 and June 16, 2006 11.250%

Appears in 1 contract

Sources: Loan Agreement (American Tower Corp /Ma/)

MANDATORY REVOLVING LOAN COMMITMENT REDUCTIONS. (a) Scheduled Reductions under Revolving Loan Commitment. ---------------------------------------------------- Commencing June 30December 31, 20012002, and on the last day of each calendar quarter ending during the periods set forth below, the Revolving Loan Commitment as of June 29December 30, 2001 2002 shall be automatically and permanently reduced by the percentage amount set forth belowbelow for the dates indicated: Percentage of Revolving Loan Commitment as of Scheduled Reduction Dates June 29, 2001 --------------- ------------- June 30, 2001, September 30, 2001 and December 31, 2001 2.500% March 31, 2002, June 30, 2002, September 30, 2002 and ------------------------- ----------------- December 31, 2002 3.1252.50000% March 31, 2003, June 30, 2003, September 30, 2003 and December 31, 2003 3.7502.96875% March 31, 2004, June 30, 2004, September 30, 2004 and December 31, 2004 5.0004.53125% March 31, 2005, June 30, 2005, September 30, 2005 and December 31, 2005 5.6255.31250% March 31, 2006, June 30, 2006 September 30, 2006 and June 16December 31, 2006 11.2506.40625% March 31, 2007 and the Revolving Loan Maturity Date 10.31250%

Appears in 1 contract

Sources: Loan Agreement (Tritel Finance Inc)