Common use of Revolver Commitment Termination Date Clause in Contracts

Revolver Commitment Termination Date. the earliest of (a) the U.S. Revolver Commitment Termination Date (without regard to the reason therefor), (b) the date on which the Borrower Agent terminates or reduces to zero all of the U.K. Revolver Commitments pursuant to Section 2.1.4, and (c) the date on which the U.K. Revolver Commitments are terminated pursuant to Section 11.2. U.K. Revolver Exposure: on any date, an amount equal to the sum of the Dollar Equivalent of the U.K. Revolver Loans outstanding on such date plus the U.K. LC Obligations on such date.

Appears in 3 contracts

Sources: Loan and Security Agreement (Callaway Golf Co), Loan and Security Agreement (Callaway Golf Co), Loan and Security Agreement (Callaway Golf Co)