Commitment Termination Date Clause Samples
The Commitment Termination Date clause defines the specific date on which a party’s obligation to provide funding, credit, or other commitments under an agreement ends. In practice, this means that after this date, the lender or obligor is no longer required to make further advances, loans, or fulfill other financial commitments outlined in the contract. This clause is essential for establishing a clear endpoint to the parties’ obligations, thereby preventing indefinite liability and ensuring both sides understand when their responsibilities under the agreement conclude.
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Commitment Termination Date the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the Revolver Commitments are terminated pursuant to Section 11.2.
Commitment Termination Date. The Commitment Termination Date shall not have occurred.
Commitment Termination Date. Notwithstanding anything to the contrary set forth herein, no Lender shall have any obligation to make any Advances from and after the Commitment Termination Date.
Commitment Termination Date. The Commitment of each Lender shall be automatically reduced to zero on the Commitment Termination Date.
Commitment Termination Date. The Commitment, the Swingline Commitment and the LOC Commitment shall automatically terminate on the Commitment Termination Date.
Commitment Termination Date. The "Commitment Termination Date" shall be the earlier to occur of (i) June 21, 2001 (herein, as the same may be extended, called the "Scheduled Commitment Termination Date"), and (ii) the date of termination of the Commitment pursuant to Section 11.02.
Commitment Termination Date. The definition of "Commitment Termination Date" set forth in Section 1.1 of the Credit Agreement is deleted in its entirety and is replaced with the following:
Commitment Termination Date. (a) The "Commitment --------------------------- ---------- Termination Date" shall be the earlier to occur of (i) March 30, 1998 (herein, ---------------- as the same may be extended, called the "Scheduled Commitment Termination -------------------------------- Date"), and (ii) the date of termination of the Commitment pursuant to Section ---- ------- 1.04(c), 1.05 or 10.02. ------- ---- -----
(b) The Scheduled Commitment Termination Date may be extended from time to time by delivery of a written request for such extension to the Transferee and the Agent not less than 60 days prior to the then Scheduled Commitment Termination Date. Within 30 days prior to the then Scheduled Commitment Termination Date, the Transferee and the Agent shall notify the Transferor as to whether they have given their consent to such extension (which consent may be given or withheld by either such party in its sole discretion). As a condition to any such extension, the Transferor and the Servicer shall deliver such certificates, opinions of counsel or other documents as the Transferee or the Agent may require. If such extension is approved, the Scheduled Commitment Termination Date shall be extended for 364 days from the effective date of such consent.
(c) The Commitment shall terminate, and the Transferee shall have no obligation to accept any further Transfers or make any further Reinvestments hereunder, on the scheduled date of termination of either (A) the Liquidity Banks' commitments under the Liquidity Agreement or (B) the Enhancement Bank's commitment under the Enhancement Agreement. The Transferee agrees to give the Transferor at least 30 days' prior written notice of the termination of the Commitment pursuant to the foregoing sentence, but no failure to give or delay in giving such notice shall prevent or delay such termination.
Commitment Termination Date the earliest to occur of (a) the Maturity Date; (b) the date on which U.S. Borrowers terminate the U.S. Commitments pursuant to Section 2.1.4; or (c) the date on which the U.S. Commitments are terminated pursuant to Section 11.2.
Commitment Termination Date. The Promissory Note and Credit Agreement are hereby modified to provide that the outstanding balance of principal, interest and other charges due pursuant to the Promissory Note, Credit Agreement and prior Loan Modification Agreements shall be due and payable in full on or before May 31, 2002. All other payments of interest or other amounts provided for in the Promissory Note and/or Credit Agreement shall continue to be due and owing in accordance with the terms of the Promissory Note and/or Credit Agreement, except for as otherwise modified herein.