Definition of Term Commitment Expiration Date

  1. Term Commitment Expiration Date means (i) if the Borrower and MergerCo have accepted for payment in the Tender Offer on the Effective Date a number of shares of common stock of the Company which, when combined with the number of shares of common stock of the Company that MergerCo could then acquire pursuant to the exercise of the Top-Up Option, would equal or exceed 90% of the outstanding shares of common stock of the Company, the Effective Date and (ii) otherwise, the date that is the earlier of the Merger Date and the 90th day after the Effective Date (or if such day is not a Business Day, the immediately preceding Business Day).

Examples of Term Commitment Expiration Date in a sentence

  1. The Delayed Draw Term Commitments shall terminate on the Delayed Draw Term Commitment Expiration Date.