Common use of Reductions of Commitments Clause in Contracts

Reductions of Commitments. (1) The Commitments under each of Facility A and Facility B shall reduce to zero as follows: (a) in relation to Facility A, on the Facility A Closing Date; and (b) in relation to Facility B, on the Facility B Closing Date; unless cancelled, reduced or terminated earlier in accordance with the provisions of this Agreement. (2) The Borrower shall repay (subject to Section 7.1) all of the Outstandings, together with all accrued interest and Fees and all other amounts payable in connection with the Credit Facility on the Repayment Date.