Common use of Mandatory Commitment Reduction Clause in Contracts

Mandatory Commitment Reduction. On each date a Revolving Loan Commitment reduction is required pursuant to Section 2.6(b), the Revolving Loan Commitments shall, without any further action, automatically and permanently be reduced by such amount.

Mandatory Commitment Reduction. On each date a Revolving Loan Loans Commitment reduction is required pursuant to Section 2.6(b2.6(d), the Revolving Loan Commitments shall, without any further action, automatically and permanently be reduced by such amount.