Belgian Revolver Commitment Termination Date Sample Clauses
The Belgian Revolver Commitment Termination Date clause defines the specific date on which the lender's obligation to provide revolving credit under a Belgian law-governed facility agreement ends. In practice, this means that after this date, borrowers can no longer draw down funds or request new advances under the revolving credit facility, although existing obligations may still need to be repaid. This clause is essential for establishing a clear endpoint to the lender's commitment, thereby managing risk and ensuring both parties are aware of the timeframe for available credit.
Belgian Revolver Commitment Termination Date the earliest of (a) the U.S. Revolver Commitment Termination Date (without regard to the reason therefor), (b) the date on which the European Loan Party Agent terminates or reduces to zero all of the Belgian Revolver Commitments pursuant to Section 2.1.3, and (c) the date on which the Belgian Revolver Commitments are terminated pursuant to Section 11.1. From and after the Belgian Revolver Commitment Termination Date, the Belgian Borrowers shall no longer be entitled to request a Belgian Revolver Commitment Increase pursuant to Section 2.1.6 hereof. Belgian Revolver Exposure: on any date, the Dollar Equivalent of an amount equal to the sum of (a) the Belgian Revolver Loans outstanding on such date and (b) the Belgian LC Obligations on such date.