Common use of Commitment Reduction Repayment Clause in Contracts

Commitment Reduction Repayment. Upon the giving of notice set forth in Section 2.3(a), which shall be irrevocable, each permanent reduction in the Committed Amount permitted pursuant to this Section 2.3 and any amounts due as a result thereof shall be due and payable on the date set forth therein.

Commitment Reduction Repayment. Upon the giving of notice set forth in Section 2.3(a2.5(a), which shall be irrevocable, each permanent reduction in the Committed Maximum Credit Amount permitted pursuant to this Section 2.3 2.5 and any amounts due as a result thereof shall be due and payable on the date set forth thereintherein by a payment of principal sufficient to eliminate any excess of the Amount Outstanding over the Maximum Credit Amount as so reduced.