Common use of Reduction of Available Commitment Clause in Contracts

Reduction of Available Commitment. Upon any redemption, --------------------------------- defeasance, repayment or other payment or conversion to a Fixed Rate of all or any portion of the principal amount of the Bonds the aggregate Available Principal Commitment shall automatically be terminated by an amount equal to the principal amount of the Bonds so redeemed, repaid or otherwise paid or converted, as the case may be.

Reduction of Available Commitment. Upon any redemption, --------------------------------- defeasance, repayment or other payment or conversion to a Fixed Rate of all or any portion of the principal amount of the Bonds the aggregate Available Principal Commitment shall automatically be terminated by an amount equal to the principal amount of the Bonds so redeemed, repaid or otherwise paid or converted, as the case may be.