Recommitment definition
Examples of Recommitment in a sentence
The Administrative Agent shall notify each Lender of the receipt of a Recommitment Request promptly after receipt thereof.
The Administrative Agent shall notify the Borrower and the Lenders no later than five days after the applicable Recommitment Request Response Date whether the Administrative Agent has received Recommitment Notices from Lenders holding more than 50% of the outstanding Loans on the date of the applicable Recommitment Request.
The Administrative Agent shall notify each 2020 Incremental Term Lender of the receipt of a Recommitment Request promptly after receipt thereof.
The Administrative Agent shall notify the Company and the 2020 Incremental Term Lenders no later than five (5) days after the applicable Recommitment Request Response Date whether the Administrative Agent has received Recommitment Notices from 2020 Incremental Term Loan Lenders holding more than 50% of the outstanding 2020 Incremental Term Loans on the date of the applicable Recommitment Request.
If only one Party delivers a notice of suspension with respect to a Product (a “Suspension Election”), then the remaining provisions of this Section 7.8 (Program Recommitment) shall apply.
In the event each Lender shall consent to such request of Parent and Corp., on such Recommitment Deadline, the Final Maturity Date shall be automatically extended to the date occurring 364 days following the Final Maturity Date then in effect.
Re-commitment will not be accepted unless accompanied by the appropriate fee.
If each Lender, in its sole discretion, shall consent to such Recommitment Request, by the relevant Recommitment Deadline, the Maturity Date then in effect shall be automatically extended to the date occurring 364 days following such Maturity Date and the term "Maturity Date" shall automatically be deemed amended to such date with no further action on the part of the Lenders or the Borrower.
Pursuant to Section 2.17(a) of the Credit Agreement, the undersigned Lender hereby consents, in its sole and absolute discretion, to maintain its Loans outstanding and to the extension of the Maturity Date to [December 2], 2020, as requested by the Borrower in the Recommitment Request.
In 2009, MDCH and the PIHPs engaged in a comprehensive quality improvement effort called “Focusing a Partnership for Renewal and Recommitment to Quality and Community in the Michigan Public Mental Health System” referred to as the ARR).