Term and Termination of Commitments Sample Clauses

Term and Termination of Commitments. 63 6.1. Term of Commitments......................................... 63 6.2. Termination................................................. 63 Section 7. COLLATERAL..................................................... 64 7.1. Grant of Security Interest.................................. 64 7.2. Lien on Deposit Accounts.................................... 65 7.3.

Term and Termination of Commitments. Subject to each Lender's right to cease making Revolver Loans to Borrower when any Default Condition exists or upon termination of the Commitments as provided herein, the Commitments shall be in effect for a period commencing on the date hereof and ending at 5:00 p.m. (Atlanta time) on February 28, 1996 (the "Term"). Agent may (and upon the direction of either Lender, shall) terminate the Commitments without notice upon or after the occurrence of any Event of Default. Upon at least ten (10) days prior written notice to Agent, Borrower may, at its option, terminate the Commitments, but no such termination by Borrower shall be effective until Borrower has paid all of the Revolver Loan Obligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent otherwise agrees in writing. All of the Revolver Loan Obligations shall be immediately due and payable upon the effective date of termination by Agent or, in the case of a termination by Borrower, upon the date specified in Borrower's notice of termination of the Commitments as the effective date of such termination, and on the effective date of any termination (whether by Agent or Borrower) Lender shall have no obligation to make any Revolver Loans. All agreements, covenants and duties of Borrower contained in this Agreement and the Related Agreements shall survive any such termination and Agent shall retain all of its rights and remedies under this Agreement and the Related Agreements notwithstanding such termination until all of the Revolver Loan Obligations have been paid in full, in immediately available funds.

Term and Termination of Commitments. (a) Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists or upon termination of the Commitments as provided in Section 2.28(b) below, the Commitments shall be in effect for a period (the "Term") from the date hereof, through the close of business on March 1, 2018, unless sooner terminated as provided in Section 2.28(b) below; provided, that, notwithstanding the foregoing, if Agent has not received on or before December 31, 2015, evidence satisfactory to Agent that the scheduled maturity dates of the Indebtedness arising under each of the Senior Secured Notes Documents and the $125,000,000 Unsecured Debt Documents, in each case, have been extended to a date that is ninety (90) or more days following March 1, 2018, then the last day of the Term shall be January 1, 2016.

Term and Termination of Commitments. Term of Commitments. Subject to each Lender’s right to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists or upon termination of the Commitments as provided in Section 6.2 hereof, the Revolver Commitments shall be in effect for a period of five (5) years from the date hereof through the close of business on May 8, 2011 (the “Term”).

Term and Termination of Commitments. Term of Commitments

Term and Termination of Commitments. 5.1. Term of Commitments Subject to each DIP Secured Party's right to cease making Revolver Loans and other extensions of credit to Borrowers when any Default or Event of Default exists or upon termination of the Commitments as provided in Section 5.2 hereof, the Commitments shall be in effect for a period beginning on the Closing Date and ending on the close of business on the Revolver Maturity Date.

Term and Termination of Commitments