Commitment Expiry Date definition
Examples of Commitment Expiry Date in a sentence
On or before January 10, 2025 (or such later date as agreed upon by Agent in its sole discretion), Bxxxxxxx and Parent shall have delivered to Agent a duly executed copy of an amendment to the JIG Note Purchase Agreement (and any other related documents or notes as necessary) which extends the scheduled maturity of the Term Debt (as defined in the Intercreditor Agreement) to a date acceptable to Agent, but in no event on or before the Commitment Expiry Date.
In addition to the foregoing, unless the Termination Date has earlier occurred, on the Commitment Expiry Date and on each Settlement Date thereafter, the LC Obligations shall be required to be Cash Collateralized to the extent of Collections received on the Commitment Expiry Date and each Business Day thereafter until paid or Cash Collateralized in full, together with all Expected LC Fees.