Commitment Termination Event definition

Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

Commitment Termination Event means ----------------------------

Commitment Termination Event means any of the following:

Examples of Commitment Termination Event in a sentence

• The Administrative Agent will promptly notify the Company and the Lenders of any such redenomination and conversion following a Commitment Termination Event.

• No Commitment Termination Event shall have occurred, and no Commitment Termination Event will occur as a result of making such Loan.

• Promptly after obtaining knowledge of an event or circumstance that is likely to result in a Commitment Termination Event, Event of Servicing Termination or have a Material Adverse Effect on the Transferor or the Trust, the Purchased Property, the Administrative Agent or the Lenders, or entry of a judgment against the Transferor or the Trust of $25,000 or more, notice of such event or circumstance.

• The obligation of any Lender to make any Loan, when so requested hereunder during the Revolving Credit Period, is subject to receipt by each Lender of a Notice of Loan as required by Section 2.02(a) and to the satisfaction of the further conditions that the proceeds of such Loan will be applied only to the payment of the principal of or interest on Eligible Notes as described in Section 2.01(a) and that no Automatic Commitment Termination Event has occurred and is continuing.

• Notwithstanding anything herein to the contrary, upon a termination of the Commitments following the occurrence of an Event of Default (a "Commitment Termination Event"), all outstanding Loans denominated in a Foreign Currency or bearing interest at a rate other than the ABR shall be redenominated and/or converted into ABR Loans in U.S. Dollars on and with effect from the soonest practicable date following the Commitment Termination Event as determined by the Administrative Agent (the "Conversion Date").

More Definitions of Commitment Termination Event

Commitment Termination Event means (i) the occurrence of any Event of Default described in clauses (b) through (d) of Section 8.1.9 with respect to any Obligor (other than Subsidiaries that are not Material Subsidiaries), or (ii) the occurrence and continuance of any other Event of Default and either (x) the declaration of the Loans to be due and payable pursuant to Section 8.3, or (y) in the absence of such declaration, the giving of notice to the Borrower by the Administrative Agent, acting at the direction of the Required Lenders, that the Commitments have been terminated.

Commitment Termination Event means the occurrence of any event described in Section 8.01 resulting in a termination of the Commitments pursuant to Section 8.02.

Commitment Termination Event has the meaning specified in Section 2.2(c).

Commitment Termination Event means the earliest to occur of

Commitment Termination Event means (a) any Event of Default under Section 5.5(d), and (b) the receipt by Borrower of an Acceleration Notice pursuant to Section 5.5.

Commitment Termination Event means (i) with respect to the U.S. Revolving Loan Commitment, the occurrence of any Event of Default described in clauses (a) through (d) of Section 8.1.9 with respect to the U.S. Borrower, (ii) with respect to the Canadian Revolving Loan Commitment, the occurrence of any Event of Default described in clauses (a) through (d) of Section 8.1.9 with respect to the Canadian Borrower or (iii) the occurrence and continuance of any other Event of Default and either (x) the declaration of all or any portion of the Loans to be due and payable pursuant to Section 8.3, or (y) the giving of notice by the U.S. Administrative Agent, acting at the direction of the Required Lenders, to the applicable Borrower(s) that the Commitments referred to in such notice have been terminated.

Commitment Termination Event means (i) the failure by Buyer to purchase Modems in the amounts set forth in Section 1.1 ("Sale and Purchase") hereof pursuant to the schedule of payment and delivery set forth in Annex A (giving effect to any adjustments made in accordance with Section 1.3 hereof); (ii) termination of this Agreement by Buyer for any reason whatsoever other than pursuant to a breach by Seller of the provisions of Section 8.1 hereof (Product Warranty) or failure by Seller to make the scheduled deliveries in accordance with Section 1.7 hereof; (iii) any breach by Buyer *Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.