Common use of Mandatory Commitment Reduction Clause in Contracts

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

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