Common use of Calculation of Commitment Clause in Contracts

Calculation of Commitment. For the avoidance of doubt, with respect to the definition of “Mandatory Cancellation Event” and the ability thereunder for the Borrower to provide notices and issue documents to facilitate a switch from a Scheme to a Takeover Offer and vice versa, the Commitment shall be deemed to be in effect until the end of the day on which the applicable notice or issuance is required to but does not occur for the purposes of calculating any fees under this Agreement or any fee letters related hereto.

Appears in 16 contracts

Samples: 364 Day Bridge Credit Agreement, Term Loan Credit Agreement (AbbVie Inc.), Term Loan Credit Agreement

AutoNDA by SimpleDocs

Calculation of Commitment. For the avoidance of doubt, with respect to the definition of “Mandatory Cancellation Event” and the ability thereunder for the Borrower Borrowers to provide notices and issue documents to facilitate a switch from a Scheme to a Takeover Offer and vice versa, the Commitment shall be deemed to be in effect until the end of the day on which the applicable notice or issuance is required to but does not occur for the purposes of calculating any fees under this Agreement or any fee letters related hereto.

Appears in 1 contract

Samples: 364 Day Bridge Credit Agreement (Steris Corp)

AutoNDA by SimpleDocs

Calculation of Commitment. For the avoidance of doubt, with respect to the definition of “Mandatory Cancellation Event” and the ability thereunder for the Borrower Borrowers to provide notices and issue documents to facilitate a switch from a Scheme to a Takeover Offer and vice versa, the any Term Commitment or Closing Date Revolver Portion shall be deemed to be in effect until the end of the day on which the applicable notice or issuance is required to but does not occur for the purposes of calculating any fees under this Agreement or any fee letters related hereto.

Appears in 1 contract

Samples: Credit Agreement (Steris Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!