Termination of Commitments definition

Termination of Commitments. The commitments in respect of the Senior Credit Facilities (including pursuant to the Commitment Letter) will terminate in their entirety on September 30, 2006 if the initial funding under the Senior Credit Facilities does not occur on or prior to such date.
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Termination of Commitments. The commitments in respect of the Interim Loan (including pursuant to the Commitment Letter) will terminate on May 1, 2005 if the Acquisition has not been consummated on or prior to such date, unless the Acquisition has not occurred by such date due solely to a delay in obtaining the requisite approvals under the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended, or clearance by the SEC of Target’s proxy statement with respect to the Merger as contemplated by the provisions of the Merger Agreement, in which case, such commitments will terminate on June 30, 2005. In addition, the commitments in respect of the Interim Loan will automatically and permanently terminate on the date of the consummation of the Acquisition to the extent not drawn down on such date; provided, that, if Target is required to make a Change of Control Offer, commitments in respect of the Interim Loan in an amount equal to (a) the aggregate principal amount of the Existing Notes not purchased in the Tender Offer minus (b) the amount of proceeds from the Senior Notes Offering placed into escrow to fund the Change of Control Offer will not terminate on such date, but will automatically and permanently terminate on the date of consummation of the Change of Control Offer to the extent not drawn down on such date. Maturity: The Interim Loan will mature on the date (the “Initial Maturity Date”) that is twelve months after the initial funding date (the “Funding”). Upon the satisfaction of the terms and conditions described under “Exchange Feature; Rollover Securities and Rollover Loans”, the Interim Loan will be exchanged at any time thereafter for, at the option of each Lender, either (i) unsecured senior debt securities (“Rollover Securities”), evidenced by an indenture in a form attached to the Interim Loan Agreement and maturing on the sixth anniversary of the Initial Maturity Date, or (ii) unsecured senior loans maturing on the sixth anniversary of the Initial Maturity Date (the “Rollover Loans”), evidenced by the Interim Loan Agreement.
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Termination of Commitments. The commitment in respect of the Interim Loan (including pursuant to the Commitment Letter) will automatically and ------------------------------ * Capitalized terms used herein and not defined shall have the meanings assigned to such terms in the attached Credit Facilities Commitment Letter (the "Commitment Letter"). ----------------- [INTERIM LOAN] permanently terminate on June 30, 2001 if not drawn down on or prior to such date. In addition, the commitments in respect of the Interim Loan will automatically and permanently terminate on the date of the consummation of the Acquisition to the extent not drawn down on such date.
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Examples of Termination of Commitments in a sentence

  • Mandatory Termination of Commitments...............................

  • Mandatory Termination of Commitments..............................................

  • Mandatory Reduction and Termination of Commitments............................................

  • FEES; COMMITMENTS 52 3.1. Fees 52 3.2. Mandatory Termination of Commitments 52 SECTION 4.

  • Mandatory Termination of Commitments..................................

  • Termination of Commitments..........................................

  • Mandatory Termination of Commitments; Mandatory Prepayments 32 SECTION 2.11.

  • SECTION 2.01 Commitments 1213 SECTION 2.02 Loans and Borrowings 1213 SECTION 2.03 Borrowing Requests 13 SECTION 2.04 Funding of Borrowings 13 SECTION 2.05 [Reserved] 1314 SECTION 2.06 Prepayments 1314 SECTION 2.07 Termination of Commitments 14 SECTION 2.08 Repayment of Loans 14 SECTION 2.09 Interest 14 SECTION 2.10 [Reserved] 1415 SECTION 2.11 Evidence of Debt 1415 SECTION 2.12 Payments Generally.

  • FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, PAGE 66 73 (b) Termination of Commitments.

  • Upon such request and at Borrower’s expense, Lender shall return such papers when Lender’s actual or anticipated need for same has terminated.


More Definitions of Termination of Commitments

Termination of Commitments. The commitments in respect of the Senior Secured Credit Facilities (including pursuant to the Commitment Letter) will terminate in their entirety on May 1, 2005 if the initial funding under the Senior Secured Credit Facilities does not occur on or prior to such date, unless the initial funding has not occurred by such date due solely to a delay in obtaining the requisite approvals for consummation of the Acquisition under the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended (the “HSR Act”), or clearance by the SEC of Target’s proxy statement with respect to the Merger as contemplated by the provisions of the Merger Agreement, in which case, such commitments will terminate in their entirety on June 30, 2005.
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Related to Termination of Commitments

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, Joinder Agreement, Incremental Amendment, Refinancing Amendment or Extension as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $200,000,000.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the Issuing Banks for any amount drawn under any Letter of Credit, but not yet so applied), (b) the aggregate principal amount of all outstanding Swing Line Loans, and (c) the Letter of Credit Usage.