Common use of Mandatory Reduction and Termination of Commitments Clause in Contracts

Mandatory Reduction and Termination of Commitments. The Commitments shall terminate on the Termination Date, or on any earlier date pursuant to the provisions of and under the circumstances provided in Section 2.11(d), and in either case any Loans then outstanding (together with accrued interest thereon and, in the case of a termination pursuant to Section 2.11(d), any other amounts payable pursuant to such Section 2.11(d)) shall be due and payable on such date.

Mandatory Reduction and Termination of Commitments. The Commitments shall terminate on the Termination Date, or on any earlier date pursuant to the provisions of and under the circumstances provided in Section 2.11(d2.10(d), and in either case any Loans then outstanding (together with accrued interest thereon and, in the case of a termination pursuant to Section 2.11(d2.10(d), any other amounts payable pursuant to such Section 2.11(d2.10(d)) shall be due and payable on such date.