COMMITMENT REDUCTION PAYMENTS Clause Samples
COMMITMENT REDUCTION PAYMENTS. On each Commitment Reduction Date the Borrower shall make a principal payment (including any amounts due under Paragraph 2.10 hereof) of amounts outstanding under Commitment in an amount sufficient to cause the sum of advances under the Loan, and without limitation, the undrawn amount of and unreimbursed draws under Letters of Credit, to be equal to or less than the amount of the Commitment as then so reduced.
COMMITMENT REDUCTION PAYMENTS. On each Commitment reduction date arising under CLAUSES (a) or (b) preceding, Borrower shall also make a mandatory prepayment of the Principal Debt, if required pursuant to SECTION 2.8 or 2.9(b) hereof, TOGETHER WITH (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof. All Commitment reductions under SECTION 2.5(b) shall be applied to the regularly-scheduled Commitment reductions under SECTION 2.5(a) in inverse order of maturity.