Availability Termination Date Clause Samples

Availability Termination Date. The earlier to occur of (i) the date of which the Commitments are terminated in full pursuant to Section 2.4 or 13.2 hereof and (ii) August 15, 2012.

Availability Termination Date. On the Availability Termination Date, the undrawn portion of the Initial Aggregate Commitment shall be permanently terminated, the Lenders shall have no further obligation to make Advances in respect of their respective portions of such undrawn Initial Aggregate Commitment hereunder, and the Borrower shall pay to the Administrative Agent the Commitment Termination Fee, if any, as set forth in Section 2.5.

Availability Termination Date. The Issuers shall be under no obligation to issue the Letters of Credit after the Availability Termination Date.

Availability Termination Date. The Lender shall not be under any obligation to advance all or any part of the Loan after the Availability Termination Date.

Availability Termination Date. The Banks shall not be under any obligation to advance all or any part of the Loan after the Availability Termination Date and no Revolving Credit Drawing may be made unless the Loan Drawing has been advanced.

Availability Termination Date. The first to occur of (a) ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇) the date on which the Commitments have been fully utilized, and (c) the date on which the Commitments are terminated or reduced to zero in accordance with this Agreement (including, without limitation, pursuant to §2.7).

Availability Termination Date. (a) From and after the Closing Date to but excluding the date that is eighteen months thereafter, the Availability Termination Date shall be August 7, 2021. The Availability Termination Date shall be subject to further adjustment as set forth in this Section 2.19. (b) Commencing August 7, 2021, the Availability Termination Date shall be redetermined semi-annually in accordance with this Section 2.19 (each such redetermination, a “Scheduled Redetermination”), and such redetermined Availability Termination Date shall become effective and applicable to the Borrower, the Administrative Agent, and the Lenders on August 7 and February 7 of each year (each such, a “Redetermination Effective Date”). For the avoidance of doubt, the Availability Termination Date on any Redetermination Effective Date may remain August 7, 2021. (c) Prior to each Redetermination Effective Date, the Administrative Agent and each Lender in its sole discretion shall assess or reassess in accordance with each Lender’s lending practices then in effect for loans of this nature, the Vessel Fleet Value at such time and such other credit factors (including the assets, liabilities, cash flow, business, properties, prospects, management and ownership of the Borrowers) which the Lenders in their sole discretion deem significant in determining whether (i) to extend the Availability Termination Date and (ii) any such extension shall be for all or a portion of the Commitments. The Administrative Agent shall inform the Borrower in writing at least two (2) Business Days prior to each Redetermination Effective Date with respect to the specifics of the redetermined, if any, Availability Termination Date. (d) No mandatory prepayments of the Loans shall be required during the Availability Period, other than pursuant to Section 2.09 or Section 2.11, even after the Availability Termination Date; provided, if the principal amount of the Loans outstanding on the Availability Termination Date is less than the aggregate Commitments on such date, the Commitments shall be reduced by such difference and such reduction shall be treated as a reduction of Commitments in accordance with Section 2.09. (e) The Borrower expressly acknowledges that (i) the Lenders have no obligation to make any Loans or fund any Borrowing Requests on or after the Availability Termination Date, (ii) the Lenders may not extend the Availability Termination Date at all, or may only extend the Availability Termination Date for a shorter period ...