Common use of Termination of the Commitments Clause in Contracts

Termination of the Commitments. The Commitment of each Bank shall be automatically and permanently reduced to $0 on the Funding Date.

Appears in 6 contracts

Samples: Credit Agreement (Panhandle Eastern Pipe Line Co Lp), Credit Agreement (Southern Union Co), Credit Agreement (Southern Union Co)

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Termination of the Commitments. The Commitment of each Bank shall be automatically and permanently reduced to $0 simultaneously with the funding of the Loans on the Funding Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Panhandle Eastern Pipe Line Co Lp), Credit Agreement (Southern Union Co)

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Termination of the Commitments. The Commitment of each Bank shall be automatically and permanently reduced to $0 (zero) upon the funding of the Loans on the Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Southern Union Co)

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