Common use of Prepayments and Reductions Due to Reversion of Surplus Assets of Pension Plans Clause in Contracts

Prepayments and Reductions Due to Reversion of Surplus Assets of Pension Plans. On the date of return to Borrower or any of its Subsidiaries of any surplus assets of any pension plan of Borrower or any of its Subsidiaries, Borrower shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension Proceeds") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

Prepayments and Reductions Due to Reversion of Surplus Assets of Pension Plans. On the date of return to Borrower Company or any of its Subsidiaries of any surplus assets of any pension plan of Borrower Company or any of its Subsidiaries, Borrower Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension ProceedsNET PENSION PROCEEDS") equal to 100% of such returned surplus assets, assets net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

Prepayments and Reductions Due to Reversion of Surplus Assets of Pension Plans. On the date of return to Borrower a Loan Party or any of its Subsidiaries of any surplus assets of any pension plan of Borrower a Loan Party or any of its Subsidiaries, Borrower shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension Proceeds") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

Prepayments and Reductions Due to Reversion of Surplus Assets of Pension Plans. On the date of return to Borrower Company or any of its Subsidiaries of any surplus assets of any pension plan of Borrower Company or any of its Subsidiaries, Borrower Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension ProceedsNET PENSION PROCEEDS") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.

Prepayments and Reductions Due to Reversion of Surplus Assets of Pension Plans. On the date of return to Borrower Holdings or any of its Subsidiaries of any surplus assets of any pension plan of Borrower Holdings or any of its Subsidiaries, Borrower Company shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension Proceeds") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.the

Prepayments and Reductions Due to Reversion of Surplus Assets of Pension Plans. On the date of return to Borrower Company or any of its Subsidiaries of any surplus assets of any pension plan of Borrower Company or any of its Subsidiaries, Borrower Company shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced in an aggregate amount (such amount being the "Net Pension ProceedsReversion Amount") equal to 100% of such returned surplus assets, net of transaction costs and expenses incurred in obtaining such return, including incremental taxes payable as a result thereof.