Expiration of Commitment. Unless extended or terminated earlier as permitted hereunder, the Commitment shall expire of its own term, and without the necessity of action by the Lender, at the close of business on the Termination Date. However, the remainder of this Agreement shall remain in full force and effect until all amounts due on the Obligations have been paid in full. The Lender has not made, and does not hereby make, any commitment to renew, extend, rearrange or otherwise refinance the outstanding and unpaid principal of the Note or accrued interest thereon. In the event, however, the Lender from time to time renews, extends, rearranges, increases and/or otherwise refinances any portion or all of any Obligation and any accrued interest thereon at any time, such refinancing shall be evidenced by an appropriate promissory note in form and substance satisfactory to the Lender and, unless otherwise noted or modified at such time or times by the terms of such promissory note or any agreements executed in connection therewith, any such promissory note or notes and refinancing evidenced thereby shall be governed in all respects by the terms of this Agreement.
Expiration of Commitment. The Commitment shall expire on the Maturity Date.
Expiration of Commitment. If at the end of the 120th day following the date of the effectiveness of the Participation Notice the Partnership has not completed the Pre-Emptive Issuance on the terms and conditions specified in such Participation Notice, each Participating Buyer shall be released from its obligations under such Participating Buyer’s Participation Commitment, the Participation Notice shall be null and void, and it shall be necessary for a separate Participation Notice to be furnished, and the terms and provisions of this Article VI separately complied with, in order to consummate such Pre-Emptive Issuance.
Expiration of Commitment. The Warehousing Commitment shall expire on the Warehousing Maturity Date. The Term Loan Commitment shall expire on the Term Loan Commitment Termination Date.
Expiration of Commitment. The Senior Loan Commitments and the Interim Loan Commitments shall expire at 5:00 p.m., New York City time, on May 21, 1999 unless you shall have executed and returned a copy of this Commitment Letter, each of the Fee Letters and the Engagement Letter to the Lenders prior to the expiration of the Commitments, in which event each Lender agrees to hold its respective Commitment available for you until the earlier of (i) the termination of the Acquisition Agreement, (ii) the consummation of the Acquisition without the funding of the Credit Facilities or Interim Loans, as the case may be, and (iii) 5:00 p.m,, New York City time, on November 30, 1999. The date and time of expiration of the Senior Loan Commitment and the Interim Loan Commitment is sometimes referred to herein as the "COMMITMENT EXPIRATION DATE."
Expiration of Commitment. Lender's obligation to disburse the Loan is further conditioned upon the execution of this Agreement and the other Loan Documents on or before February 28, 1997.
Expiration of Commitment. The obligation of Lender to make the Loan herein shall expire on November 30, 2013; provided, however, that such obligation shall terminate (at Lender’s option) upon the occurrence of any Default or of any event which, with the giving of notice or lapse of time, or both, would become a Default hereunder.
Expiration of Commitment. The Commitment shall expire at 5:00 p.m., New York City time, on the date that is five (5) business days after the date hereof unless at or prior to such time you shall previously have (i) executed and returned to Xxxxxx Brothers a copy of this Commitment Letter, the Fee Letter and the Engagement Letter and (ii) paid the fees contemplated by the Fee Letter to be payable on the date of your execution and delivery hereof. If you do so execute and deliver this Commitment Letter, the Fee Letter and the Engagement Letter, and pay such fees, the Commitment will expire upon written notice by Xxxxxx Brothers to you of the happening of any of the following events: (i) any change in the terms of the Plan in any respect determined by Xxxxxx Brothers to be materially adverse, (ii) the failure to pay when due any of the fees provided for herein or in the Fee Letter or the Engagement Letter, (iii) the confirmation by the Bankruptcy Court of a plan of reorganization other than the Plan (as amended or modified with the consent of Xxxxxx Brothers), or the withdrawal of the Plan, or the entry of an order by the Bankruptcy Court denying confirmation of the Plan, (iv) any condition, covenant or agreement set forth in this Commitment Letter, the Fee Letter or the Engagement Letter is not satisfied or complied with, (v) the consummation of the Plan without the purchase of the Equity Securities, and (vi) 5:00 p.m., New York City time, on the day that is 364 days from the date hereof. The date and time of expiration of the Commitment is sometimes referred to herein as the “Commitment Expiration Date.”
Expiration of Commitment. The Commitments will expire at 5:00 p.m., New York City time, on July 9, 2007 unless on or prior to such time you have executed and returned to Xxxxxx Brothers a copy of this Commitment Letter, the Fee Letter and the Engagement Letter. If you do so execute and deliver to Xxxxxx Brothers this Commitment Letter, the Fee Letter and the Engagement Letter, the Xxxxxx Lenders and MLCC agree to hold their respective Commitments available for you until 5:00 p.m., New York City time, on September 30, 2007. The Commitments will terminate on the Closing Date, and you agree to rely exclusively on your rights and the commitments set forth in the Credit Documentation in respect of all loans and extensions of credit to be made after the Closing Date.
Expiration of Commitment. 21 2.7 Method of Making Payments. . . . . . . . . . . . . . 21 2.8 Commitment and Usage Fees. . . . . . . . . . . . . . 22
