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
Sources: Loan Agreement (Covenant Transport Inc), Loan Agreement (Toro Co)
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
Sources: Loan Agreement (Baldor Electric Co)
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
Early Termination of Lender's Commitment. The 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 the Lender's Commitment pursuant to clause (ai) or (bii) above.. ---------- ----
Appears in 1 contract
Sources: Loan Agreement (Dixie Group Inc)