Common use of Termination of the Commitment Clause in Contracts

Termination of the Commitment. Upon the earlier to occur of (i) September 30, 1999, (ii) the occurrence of a Trigger Event, (iii) the closing of the financing pursuant to the Securities Purchase Agreement, or (iv) the Lender's declaration of an Event of Default, any unused portion of the Term Commitment shall terminate. After the Term Commitment terminates under this Section 2.07 it may not be reinstated.

Appears in 1 contract

Sources: Credit Agreement (Amerigon Inc)

Termination of the Commitment. Upon the earlier to ----------------------------- occur of (i) September 30, 1999, (ii) the occurrence of a Trigger Event, (iii) the closing of the financing pursuant to the Securities Purchase Agreement, or (iv) the Lender's declaration of an Event of Default, any unused portion of the Term Commitment shall terminate. After the Term Commitment terminates under this Section 2.07 it may not be reinstated.

Appears in 1 contract

Sources: Credit Agreement (Argyros George L)

Termination of the Commitment. Upon the earlier to occur of (i) September 30August 31, 19992000, (ii) the occurrence of a Trigger Event, or (iii) the closing of the financing pursuant to the Securities Purchase Agreement, or (iv) the Lender's declaration of an Event of Default, any unused portion of the Term Commitment shall terminate. After the Term Commitment terminates under this Section 2.07 it may not be reinstated.

Appears in 1 contract

Sources: Credit Agreement (Amerigon Inc)