Commitment Period End Date definition
Examples of Commitment Period End Date in a sentence
Commitment Period End Date Has the meaning ascribed to it in the Rules.
Until such notice will be given, the addresses of the Parties will be those that Quantity divided by 12 and then multiplied appear in the Customer Agreement Form and by the number of months or parts of a month between the date you terminated the Agreement and/or registered with a new Supplier and the remaining period up to the Commitment Period End Date (up to a maximum of 4 months) = “X”.
Interest payments shall be made each quarter, on the 28th day of the third month of each calendar quarter, and on the date of full and final repayment of the loan specified in Clause 6.1 hereof or on the date of early full and final repayment of the loan occurring before the date specified in Clause 6.1 hereof, subject to the loan facility having been utilized in full and/or the Commitment Period End Date having occurred, in the amount of the interest incurred as of such date(s), inclusively.
The commitment fee shall incur for the period starting from (but excluding) the commitment period start date specified in Clause 1.1 hereof and up to and including the Commitment Period End Date.
The Borrower agrees to pay the commitment fee to the Lender on the Commitment Period End Date.
If the facility is not fully utilized by the Borrower by the Commitment Period End Date, the available balance of the loan commitment shall be closed.
Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender, severally and not jointly, agrees (such agreement being herein called such Lender's "Commitment") to make loans (the "Loans") to the Borrower at any time or from time to time on or after the Closing Date and to and including the date which is 364 days after the Closing Date (as may be extended in accordance with Section 2.03 below, the "Commitment Period End Date").
If such extension is granted, such extension shall not become effective until the original Commitment Period End Date, and effectiveness of the Lenders' agreement to extend the Commitment Period End Date shall be subject to fulfillment by the Borrower of the conditions precedent set forth in Section 4.02 hereof.
Any Lender which does not reply to such request by the Business Day prior to the original Commitment Period End Date will be deemed to have withheld its consent thereto.
As contemplated by Section 2.03 of the Credit Agreement, the Lenders (other than The Huntington National Bank) hereby consent to the extension of the Commitment Period End Date under the Credit Agreement to July 16, 2002.