Definition of Non-Extended Revolving Commitment Termination Date


Non-Extended Revolving Commitment Termination Date means the earliest of (i) June 8, 2017, (ii) the date on which the Non-Extended Revolving Commitments are terminated pursuant to Section 2.10 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).

Examples of Non-Extended Revolving Commitment Termination Date in a sentence

All Revolving Loans will be made by all Revolving Lenders (including both Non-Extended Revolving Lenders and Extended Revolving Lenders) in accordance with their Revolving Percentages until the Non-Extended Revolving Commitment Termination Date; thereafter, all Revolving Loans will be made by the Extended Revolving Lenders in accordance with their Revolving Percentages until the Extended Revolving Commitment Termination Date.
For the avoidance of doubt, (i) all Revolving Loans made prior to the Non-Extended Revolving Commitment Termination Date shall be made pro rata among the Extended Revolving Lenders and the Non-Extended Revolving Lenders and (ii) all Revolving Loans made on or after the Non-Extended Revolving Commitment Termination Date shall be made pro rata among the Extended Revolving Lenders.
Each Lenders Non-Extended Revolving Commitment shall expire on the Non-Extended Revolving Commitment Termination Date and all Non-Extended Revolving Loans and all other amounts owed hereunder with respect to the Non-Extended Revolving Loans and the Non-Extended Revolving Commitments shall be paid in full no later than such date.
If for any reason at any time during the five Business Day period immediately preceding the Non-Extended Revolving Commitment Termination Date, the aggregate Revolving Exposure exceeds the aggregate Revolving Commitments of the Extended Revolving Lenders at such time, then the Borrowers shall promptly prepay or cause to be promptly prepaid Revolving Loans and/or cash collateralize Letters of Credit to the satisfaction of the applicable Issuing Bank in an aggregate amount necessary to eliminate such excess.