Common use of Permanent Reduction Clause in Contracts

Permanent Reduction. Upon the prepayment of Revolving Loans pursuant to this Section 4.01(b), the Revolving Credit Commitments, automatically and permanently, shall be reduced by the amount of such prepayment.

Appears in 1 contract

Sources: Credit Agreement (Banner Aerospace Inc)

Permanent Reduction. Upon the prepayment of Revolving Loans pursuant to this Section 4.01(b), the Revolving Credit Commitments, automatically and permanently, shall be reduced by the amount of such prepayment.,

Appears in 1 contract

Sources: Credit Agreement (Banner Aerospace Inc)