Cutoff Date. If for any reason, other than the failure of any Loan Participant to comply with the terms hereof, the Delivery Date for the applicable Designated Aircraft shall not have occurred on or prior to seven Business Days (or such longer period as mutually agreed by the Borrower and the Underwriters) after the Funding Date for such Aircraft (the “Cutoff Date”), the Borrower hereby irrevocably agrees that each Loan Participant may cancel, terminate or otherwise unwind its funding arrangements made in the London interbank market or otherwise to fund its Commitment on the Funding Date, and the Security Trustee shall return each Loan Participant’s Commitment to it, subject, however, to such Loan Participant’s continuing commitment to fund as provided herein.
Cutoff Date. After 09/30/2021 (the “Cutoff Date”), Hotel shall be permitted to release, for sale to the general public or to other groups, any room nights in the Room Block that have not been reserved as provided in this Agreement. Hotel will continue to accept reservations from Group’s attendees after that date at the stated group rate of ($119), subject to hotel’s discretion and availability, and all rooms will be counted towards Group’s sleeping room requirement if booked by other booking channels or after cutoff date. Hotel will allow for group to pick up additional sleeping rooms above the contracted group block, subject to availability post/prior to the cutoff date. The release of room nights after the Cutoff Date shall not release Group from any liability for Sleeping Room Performance as provided in this Agreement.
Cutoff Date. The parties acknowledge that the Loan Summaries were prepared as of the close of business on the Closing Date. Accordingly, the parties agree that, subject to the provisions of Article V hereto, all payments and transactions involving the Term Loans occurring after the Closing Date are for the account of NewCo.