Common use of Early Termination of Lender's Commitment Clause in Contracts

Early Termination of Lender's Commitment. Lender's Commitment shall terminate and Lender shall have no obligation to make any further Loans (or to fund any increase in any existing Loan), on the earliest date of termination of (a) the Liquidity Banks' commitments under the Liquidity Agreement or (b) the Credit Banks' commitments under the Credit Agreement. Administrator agrees to use its reasonable efforts to give Borrower at least 30 days' prior written notice of the termination of Lender's Commitment pursuant to clause (a) or (b) above.

Appears in 2 contracts

Samples: Loan Agreement (Toro Co), Loan Agreement (Covenant Transport Inc)

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Early Termination of Lender's Commitment. Lender's ’s Commitment shall terminate and Lender shall have no obligation to make any further Loans (or to fund any increase in any existing Loan), on the earliest date of termination of (a) the Liquidity Banks' commitments under the Liquidity Agreement or (b) the Credit Banks' commitments under the Credit Agreement. Administrator agrees to use its reasonable efforts to give Borrower at least 30 days' prior written notice of the termination of Lender's ’s Commitment pursuant to clause (a) or (b) above.

Appears in 1 contract

Samples: Loan Agreement (Baldor Electric Co)

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Early Termination of Lender's Commitment. Lender's Commitment shall terminate and Lender shall have no obligation to make any further Loans (or to fund any increase in any existing Loan), on the earliest date of termination of (ai) the Liquidity Banks' commitments under the Liquidity Agreement or (bii) the Credit Banks' commitments under the Credit Agreement. Administrator agrees to use its reasonable efforts to give Borrower at least 30 days' prior written notice of the termination of Lender's Commitment pursuant to clause (ai) or (bii) above.

Appears in 1 contract

Samples: Loan Agreement (Central Freight Lines Inc/Tx)

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