Definition of Term Loan Commitment Expiration Date


Term Loan Commitment Expiration Date means the earliest of (i) 2:00 p.m., Chicago time, on February 22, 2017, (ii) the closing of the Luvata Acquisition with or without the use of the Term Loans, (iii) the public announcement of the abandonment of the Luvata Acquisition by the Company (or any of its Affiliates) and (iv) the termination of the Luvata Acquisition Agreement prior to closing of the Luvata Acquisition or the termination of the Company's (or any of its Affiliates') obligations under the Luvata Acquisition Agreement to consummate the Luvata Acquisition in accordance with the terms thereof.

Examples of Term Loan Commitment Expiration Date in a sentence

Each Lenders Delayed Draw Term Loan Commitment shall expire on the Delayed Draw Term Loan Commitment Expiration Date.
The Borrower will pay the Bank a commitment fee on the average daily unused portion of the Term Commitment, from the date hereof until the Term Loan Commitment Expiration Date, at the rate of 0.5% per annum, payable quarterly in arrears on the 1st day of each January, April, July and October, commencing on January 1, 2003, and on the Term Loan Commitment Expiration Date.
Borrower shall not be entitled to request, and Lender shall not be obliged to make, any Term Loan on or after the Term Loan Commitment Expiration Date or if a Default or Event of Default is then outstanding under this Agreement.
Unless previously terminated, (i) the Term Loan Commitments shall terminate on the Term Loan Commitment Expiration Date and (ii) the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date (subject to Section 2.22).
In the event that the Tranche A Term Loan Commitments are not fully drawn on the Tranche A Term Loan Commitment Expiration Date, then on such date the full aggregate amount of the Tranche A Term Loan Commitments shall be terminated.