Reductions for Mandatory Prepayments. The then current Revolving Credit Commitments shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause (b) (Equity and Debt Issuances), (c) (Asset Sales and Property Loss Events) of Section 2.8 or would be required to be made had the aggregate outstanding principal amount of the Revolving Loans and Swing Loans been equal to the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment.
Appears in 2 contracts
Sources: Credit Agreement (Assisted Living Concepts Inc), Credit Agreement (Assisted Living Concepts Inc)
Reductions for Mandatory Prepayments. The then current Revolving Credit Commitments shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause (b) (Equity and Debt Issuances), ) and (c) (Asset Sales and Property Loss Events) of Section 2.8 or would be required to be made had the aggregate outstanding principal amount of the Revolving Loans and Swing Loans been equal to the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment.
Appears in 2 contracts
Sources: Credit Agreement (Princeton Review Inc), Credit Agreement (Princeton Review Inc)
Reductions for Mandatory Prepayments. The then current Revolving Credit Loan Commitments shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause (b) (Equity and Debt Issuances), (c) (Asset Sales and Property Loss Events), (d) (Indenture Prepayments) of Section 2.8 or would be required to be made had the aggregate outstanding principal amount of the Revolving Loans and Swing Loans been equal to the Revolving Credit Loan Commitments then in effect, in each case in the amount of such prepaymentprepayments.
Appears in 1 contract
Sources: Credit Agreement (DynaVox Inc.)
Reductions for Mandatory Prepayments. The then current Revolving Credit Commitments shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause (b) (Equity and Debt Issuances), ) or (c) (Asset Sales and Property Loss Events) of Section 2.8 or would be required to be made had the aggregate outstanding principal amount of the Revolving Loans and Swing Loans been equal to the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment.
Appears in 1 contract
Sources: First Lien Credit Agreement (Danka Business Systems PLC)
Reductions for Mandatory Prepayments. The then current Revolving Credit Commitments Commitments(c) shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Swingline Loans is made pursuant to clause (bSection 2.8(b) (Equity and Debt Issuances), (c) (Asset Sales and Property Loss Events) of Section 2.8 or would be required to be made pursuant to Section 2.8(b) had the aggregate outstanding principal amount of the Revolving Loans and Swing Swingline Loans been equal to the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment. Repayment of Loans.
Appears in 1 contract
Sources: Credit Agreement (White Mountains Insurance Group LTD)
Reductions for Mandatory Prepayments. The then current Revolving Credit Commitments shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause (b) (Equity and Debt IssuancesSection 2.5(a), (c) (Asset Sales and Property Loss Events) of Section 2.8 or would be required to be made had the aggregate outstanding principal amount of the Revolving Loans and Swing Loans been equal to the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment.
Appears in 1 contract
Reductions for Mandatory Prepayments. The then current Revolving Credit Commitments shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to clause (ba) (Equity and Debt Issuances), (c) (Asset Sales and Property Loss Events) of Section 2.8 or would be required to be made had the aggregate outstanding principal amount of the Revolving Loans and Swing Loans been equal to the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment.
Appears in 1 contract
Reductions for Mandatory Prepayments. The then current Revolving Credit Commitments shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Swingline Loans is made pursuant to clause (bSection 2.8(b) (Equity and Debt Issuances), (c) (Asset Sales and Property Loss Events) of Section 2.8 or would be required to be made had the aggregate outstanding principal amount of the Revolving Loans and Swing Swingline Loans been equal to the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment.
Appears in 1 contract
Sources: Credit Agreement (White Mountains Insurance Group LTD)
Reductions for Mandatory Prepayments. The then current Revolving Credit Commitments shall be reduced ratably on each date on which a prepayment of Revolving Loans or Swing Swingline Loans is made pursuant to clause (bSection 2.8(b) (Equity and Debt Issuances), (c) (Asset Sales and Property Loss Events) of Section 2.8 or would be required to be made pursuant to Section 2.8(b) had the aggregate outstanding principal amount of the Revolving Loans and Swing Swingline Loans been equal to the Revolving Credit Commitments then in effect, in each case in the amount of such prepayment.
Appears in 1 contract
Sources: Credit Agreement (White Mountains Insurance Group LTD)