Common use of Reduction of Incremental Term Facility Commitment Clause in Contracts

Reduction of Incremental Term Facility Commitment. The total Incremental Term Facility Commitments under a given Tranche shall (i) be permanently reduced on each Incremental Term Facility Utilisation Date in respect of such Tranche in an amount equal to the aggregate principal amount of Incremental Term Facility Advances of such Tranche incurred on each such date, (ii) terminate in its entirety to the extent not theretofore terminated on the Termination Date for such Tranche of Incremental Term Facility Advances (after giving effect to any Incremental Term Facility Advances of such Tranche to be made on such date) and (iii) prior to the termination of the total Incremental Term Facility Commitment in respect of such Tranche, be permanently reduced from time to time to the extent required by Clause 13.3 (Application of Mandatory Prepayments).