Mandatory Termination or Reduction of Commitments. Unless previously terminated, the Commitments shall terminate on the Termination Date.
Mandatory Termination or Reduction of Commitments. The Commitments shall terminate on the Termination Date, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.
Mandatory Termination or Reduction of Commitments. (a) The Total Revolving Commitment shall terminate at 5:00 p.m. (New York City time) on the Termination Date.
Mandatory Termination or Reduction of Commitments. (a) The Revolving Credit Commitment shall terminate at 5:00 p.m. on the Revolving Credit Maturity Date.
Mandatory Termination or Reduction of Commitments. (a) The 2022 Extended Revolving Credit Commitment shall terminate at 5:00 p.m. on the 2022 Extended Revolving Credit Maturity Date. At 5:00 p.m. on the 2022 Non-Extended Revolving Credit Maturity Date, the 2022 Non-Extended Revolving Credit Commitments will terminate and the 2022 Non-Extended Revolving Credit Lenders will have no further obligation to make Revolving Credit Loans or fund Revolving L/C Borrowings; provided that the foregoing will not release any 2022 Non-Extended Revolving Credit Lender from any such obligation to fund Revolving Credit Loans or Revolving L/C Borrowings that was required to be performed on or prior to the 2022 Non-Extended Revolving Credit Maturity Date. On the 2022 Non-Extended Revolving Credit Maturity Date, all outstanding Revolving L/C Borrowings shall be deemed to be outstanding with respect to (and reallocated under) the 2022 Extended Revolving Credit Commitments and the Revolving Credit Commitment Percentage of the Revolving Credit Lenders shall be determined to give effect to the termination of the 2022 Non-Extended Revolving Credit Commitments (in each case, so long as after giving effect to such reallocation, the Revolving Credit Exposure of each 2022 Extended Revolving Credit Lender does not exceed its 2022 Extended Revolving Credit Commitment). On and after the 2022 Non-Extended Revolving Credit Maturity Date, the 2022 Extended Revolving Credit Lenders will be required, in accordance with their Revolving Credit Commitment Percentage, to fund Revolving Credit Loans and Revolving L/C Borrowings in respect of Unpaid Drawings arising on or after such date; provided that the Revolving Credit Exposure of each 2022 Extended Revolving Credit Lender does not exceed its 2022 Extended Revolving Credit Commitment. The Specified Revolving Letter of Credit Commitment of each Revolving Letter of Credit Issuer shall terminate on the applicable Revolving L/C Maturity Date.
Mandatory Termination or Reduction of Commitments. (a) The Total Commitment shall terminate at 5:00 p.m. (Dallas, Texas time) on the Termination Date.
Mandatory Termination or Reduction of Commitments. The Commitment of each Lender in respect of the Initial Loans on the Effective Date shall be automatically and permanently reduced to $0 upon the making of such Lender’s Loan pursuant to Section 2.1.
Mandatory Termination or Reduction of Commitments. (i) In the event that the Borrower or any other member of the Consolidated Group actually receives any Net Cash Proceeds arising from any Permitted Securitization Transactions, Debt Issuance or Asset Sale, in each case during the period commencing on the Effective Date and ending on the last day of the Availability Period, then the Commitments then outstanding shall be automatically reduced in an amount equal to 100% of such Net Cash Proceeds (minus the amount of such Net Cash Proceeds required to be applied to prepay Loans outstanding at such time in accordance with Section 2.12(c)) on the day of receipt by the Borrower or, as applicable, any other member of the Consolidated Group of such Net Cash Proceeds. The Borrower shall promptly notify the Administrative Agent of the receipt by the Borrower, or, as applicable, any other member of the Consolidated Group, of such Net Cash Proceeds from any Debt Issuance or Asset Sale, and such notice shall be accompanied by a reasonably detailed calculation of the Net Cash Proceeds received.
Mandatory Termination or Reduction of Commitments. If (i) Kraft Foods Global or any of its wholly owned Subsidiaries receives Net Cash Proceeds from any Debt Issuance, (ii) prior to consummation of the Spin-Off, Kraft Foods Global issues debt securities in exchange for existing Debt of Kraft Foods or any of its Subsidiaries, (iii) Kraft Foods Global (or, prior to consummation of the Spin-Off, Kraft Foods) receives Net Cash Proceeds from any Equity Capital Markets Transaction or (iv) Kraft Foods Global or any of its Major Domestic Subsidiaries receives Net Cash Proceeds from any Asset Sale, Casualty or Condemnation, in each case that would be required to be applied to prepay Pro Rata Advances pursuant to Section 2.11(b) (the amount of such Net Cash Proceeds (or, in the case of clause (ii), the amount equal to the aggregate principal amount of such debt securities) required to be so applied being called the “Required Prepayment Amount”), Kraft Foods Global shall by notice to the Administrative Agent reduce, on a pro rata basis, the unused Commitments of the Lenders by an aggregate amount equal to such Required Prepayment Amount.
Mandatory Termination or Reduction of Commitments. The Total Commitment shall terminate upon the earlier of (i) the funding thereof on the Funding Date and (ii) 5:00p.m. (London time) on the last day of the Availability Period.
