Termination of Commitment definition

Termination of Commitment. The commitment hereunder shall terminate on June 30, 1999 unless a definitive credit agreement in form and substance satisfactory to the DIP Agent and related documentation (the "DIP Credit Documentation") have been entered into and the conditions to initial Loans and Letters of Credit set forth therein have been satisfied on or prior to such date (the date on which the DIP Credit Documentation is executed and such conditions are satisfied, the "Closing Date").
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Termination of Commitment. This commitment will terminate if the first delivery of Equipment is not completed and funded on or before May 31, 1997. The final delivery of Equipment shall not be later than June 30, 1998.
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Termination of Commitment. This commitment will terminate if the first delivery of Equipment and funding is not completed on or before May 15, 1997. Loan Term Commencement: Upon making each Loan, which will occur upon delivery of the Equipment or upon each completion of deliveries of items of Equipment with aggregate cost of not less than $50,000, and shall be no later than June 30, 1998. Term: From each Loan Term Commencement until 48 months from the first day of the month next following or coincident with that Loan Term Commencement.
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Examples of Termination of Commitment in a sentence

  • No Cancellation or Termination of Commitment....................................

  • The commitment under the Credit Facility (whether relating to revolving loans or a term loan, the "Commitment") will be reduced from time to time pursuant to provisions described under "Mandatory Prepayments and Permanent Reductions in Commitments." Termination of Commitment: The Commitment will terminate in its entirety on the Termination Date, if the initial funding under the Credit Facility to finance the Acquisition does not occur on or prior to the Termination Date.

  • Issuing Bank; Appointment of Successor Administrative Agent and Successor Issuing Bank; Assignment 121 Section 12.21 Amendment and Restatement 121 Section 12.22 Termination of Commitment under Original Credit Agreement 122 Section 12.23 No Novation, Etc.

  • Voluntary Termination of Commitment or Reduction of Maximum Investment........................................................

  • Termination of Commitment; Acceleration...............42 SECTION 8.03.

  • Termination of Commitment of a Lender; New Lenders 53 Section 9.02.

  • Voluntary Termination of Commitment or Reduction of Purchase Limit .

  • Section 8.1 Events of Default 70 Section 8.2 Remedies: Termination of Commitment, Acceleration, etc.

  • Termination of Commitment By PFS: PFS may terminate the commitment to make further Loans at any time it determines (in the case of clause (iii), in its sole discretion, and in the case of each of the other clauses, in its reasonable discretion) that (i) a favorable Letter Ruling will not be obtained by Newco, (ii) the environmental report discloses an adverse matter, or (iii) an Event of Default has occurred and is continuing under the Transaction Documents.

  • Termination of Commitment of Declining Lender or Non-Consenting Lender 40 2.22.


More Definitions of Termination of Commitment

Termination of Commitment. This commitment will terminate if the first delivery of Equipment is not completed and funded on or before June 15, 1997. The final delivery of Equipment shall not be later than March 31, 1998.
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Related to Termination of Commitment

  • Revolving Commitment Termination Date means the earliest of (i) November 3, 2017, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.9 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise); provided, that, with respect to any Extended Revolving Commitment (and the Extended Revolving Loans made pursuant thereto), the termination date set forth in the Extension Offer with respect thereto.

  • 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.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) 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 Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans and (iii) the Letter of Credit Usage.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • 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-3 or in the applicable Assignment Agreement, 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 $60,000,000.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) 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 applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

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

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.