Common use of Commitments and Facility Limits Clause in Contracts

Commitments and Facility Limits. (1) Unless previously terminated or cancelled, the Commitments shall automatically terminate upon the termination of the Certain Funds Period. (2) The Term Loan Facility shall not revolve and any amount repaid or prepaid, as the case may be, under the Term Loan Facility cannot be reborrowed. (3) Accommodations under the Term Loan Facility shall be made available in a single drawing on the Closing Date in an amount not to exceed the outstanding Commitment at such time. The unused portion of the Commitment shall be permanently cancelled on the Closing Date and the Commitment shall be permanently reduced by the amount by which the Accommodations Outstanding under the Term Loan Facility on such date are less than the Commitment on such date. (4) A conversion from one Type of Accommodation to another Type of Accommodation shall not constitute a repayment or prepayment.

Commitments and Facility Limits. (1) Unless previously terminated or cancelled, the Commitments shall automatically terminate upon the termination of the Certain Funds Period. (2) The Term Bridge Loan Facility shall not revolve and any amount repaid or prepaid, as the case may be, under the Term Bridge Loan Facility or with respect to the Loans cannot be reborrowed. (3) Accommodations under the Term Bridge Loan Facility Advances shall be made available in a single drawing on the Closing Date in an amount not to exceed the outstanding Commitment at such time. The unused portion of the Commitment shall be permanently cancelled on the Closing Date and the Commitment shall be permanently reduced by the amount by which the Accommodations Outstanding under the Term Bridge Loan Facility Advances on such date are less than the Commitment on such date. (4) A conversion from one Type of Accommodation to another Type of Accommodation shall not constitute a repayment or prepayment.