Common use of Termination and Reduction of Commitment Clause in Contracts

Termination and Reduction of Commitment. (a) Unless previously terminated, (i) the Term Commitment shall terminate at 5:00 p.m., Eastern time, on the Effective Date and (ii) the Revolving Commitment shall terminate on the Revolving Credit Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Mam Software Group, Inc.), Credit Agreement (Mam Software Group, Inc.)

AutoNDA by SimpleDocs

Termination and Reduction of Commitment. (a) Unless previously terminated, (i) the Term Revolving Credit Commitment shall terminate at 5:00 p.m., Eastern time, on the Effective Date and (ii) the Revolving Commitment shall terminate close of business on the Revolving Credit Maturity Date.

Appears in 2 contracts

Samples: Convertible Debt Agreement (Genzyme Transgenics Corp), Convertible Debt Agreement (Genzyme Corp)

Termination and Reduction of Commitment. (a) Unless previously terminated, (i) the Term A Commitment shall terminate at 5:00 p.m., Eastern Detroit time, on the Effective Date and Date, (ii) the Term B Commitment shall terminate on the Term B Draw Expiration Date, and (iii) all the Revolving Commitment shall terminate termi­nate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Arotech Corp)

AutoNDA by SimpleDocs

Termination and Reduction of Commitment. (a) Unless previously terminated, (i) the Term A Commitment shall terminate at 5:00 p.m., Eastern time, on the Effective Date Date, (ii) the Term B Commitment shall terminate on the Term B Draw Expiration Date, and (iiiii) the Revolving Commitment shall terminate on the Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (InfuSystem Holdings, Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.