Applicable Revolving Reduction Amount

Applicable Revolving Reduction Amount. Means, for any fiscal year, the cumulative reductions, if positive, of Revolving Loans from the Pro Forma Revolving Amount through the last day of such fiscal year. Such cumulative reduction may be determined by formula as follows: (a) for the fiscal year ending December 31, 2005, the sum of (i) the Pro Forma Revolving Amount minus (ii) the aggregate amount of Revolving Loans outstanding on the close of business on December 31, 2005 and (b) for any subsequent fiscal year, the... sum of (i) the amount referred to in the foregoing subclause (a)(i) minus the sum of the Applicable Revolving Reduction Amounts for each fiscal year preceding such subsequent fiscal year minus (ii) the aggregate amount of Revolving Loans outstanding on the close of business on the last day of such subsequent fiscal year. View More