Repayment on Commitment Reduction Dates Clause Samples

Repayment on Commitment Reduction Dates. Following the occurrence of a Commitment Reduction Date, the Borrower must repay such part of the Loans then outstanding as exceeds the Total Commitments (as the same may have been reduced by any Commitment reductions under Clause 6.8 (Automatic reduction and cancellation)). Any such repayment shall be applied against the Loans pro rata.