Expiration of Commitment. Unless extended or terminated earlier as permitted hereunder, the Commitment shall expire of its own term, and without the necessity of action by the Lender, at the close of business on the Termination Date. However, the remainder of this Agreement shall remain in full force and effect until all amounts due on the Obligations have been paid in full. The Lender has not made, and does not hereby make, any commitment to renew, extend, rearrange or otherwise refinance the outstanding and unpaid principal of the Note or accrued interest thereon. In the event, however, the Lender from time to time renews, extends, rearranges, increases and/or otherwise refinances any portion or all of any Obligation and any accrued interest thereon at any time, such refinancing shall be evidenced by an appropriate promissory note in form and substance satisfactory to the Lender and, unless otherwise noted or modified at such time or times by the terms of such promissory note or any agreements executed in connection therewith, any such promissory note or notes and refinancing evidenced thereby shall be governed in all respects by the terms of this Agreement.
Expiration of Commitment. The Commitment shall expire on the Maturity Date.
Expiration of Commitment. If at the end of the 120th day following the date of the effectiveness of the Participation Notice the Partnership has not completed the Pre-Emptive Issuance on the terms and conditions specified in such Participation Notice, each Participating Buyer shall be released from its obligations under such Participating Buyer’s Participation Commitment, the Participation Notice shall be null and void, and it shall be necessary for a separate Participation Notice to be furnished, and the terms and provisions of this Article VI separately complied with, in order to consummate such Pre-Emptive Issuance.
Expiration of Commitment. The City and CMHC shall each have the right to periodically review the progress of the Recipient in fulfilling the Deliverables. Should either the City or CMHC consider that there may be reasonable doubt any part of the Deliverables will be fully and timely delivered as expected, or where the Recipient has not started the project within 2 months of the start date set out in the Deliverables, the City shall have the right to reduce or cancel the Contribution to the extent the City considers reasonable. In such case, the City shall have no further obligations under this Agreement or otherwise to provide funding or support to the Recipient for the Deliverables. With respect to any Deliverables previously completed at such date, the Recipient shall remain bound by the terms of this Agreement with respect to such Deliverables, including the obligations to maintain and use such Units as described herein for a period of 20 years and to provide reporting during such period. For the purpose of this section, the determination of when the Recipient has started the project shall be such date when the Recipient has incurred Hard Costs, and such claim that Hard Costs are incurred is acceptable to CMHC.
Expiration of Commitment. The Senior Loan Commitments and the Interim Loan Commitments shall expire at 5:00 p.m., New York City time, on May 21, 1999 unless you shall have executed and returned a copy of this Commitment Letter, each of the Fee Letters and the Engagement Letter to the Lenders prior to the expiration of the Commitments, in which event each Lender agrees to hold its respective Commitment available for you until the earlier of (i) the termination of the Acquisition Agreement, (ii) the consummation of the Acquisition without the funding of the Credit Facilities or Interim Loans, as the case may be, and (iii) 5:00 p.m,, New York City time, on November 30, 1999. The date and time of expiration of the Senior Loan Commitment and the Interim Loan Commitment is sometimes referred to herein as the "COMMITMENT EXPIRATION DATE."
Expiration of Commitment. Each of the conditions set forth in this Section 3.2 shall have been fulfilled to Bank’s satisfaction on or before June 26, 2012.
Expiration of Commitment. The Warehousing Commitment shall expire on the Warehousing Maturity Date. The Term Loan Commitment shall expire on the Term Loan Commitment Termination Date.
Expiration of Commitment. The obligation of Lender to make the Loan herein shall expire on November 30, 2013; provided, however, that such obligation shall terminate (at Lender’s option) upon the occurrence of any Default or of any event which, with the giving of notice or lapse of time, or both, would become a Default hereunder.
Expiration of Commitment. Lender's obligation to disburse the Loan is further conditioned upon the execution of this Agreement and the other Loan Documents on or before February 28, 1997.
Expiration of Commitment. The Commitments will expire at 5:00 p.m., New York City time, on July 9, 2007 unless on or prior to such time you have executed and returned to Lxxxxx Brothers a copy of this Commitment Letter, the Fee Letter and the Engagement Letter. If you do so execute and deliver to Lxxxxx Brothers this Commitment Letter, the Fee Letter and the Engagement Letter, the Lxxxxx Lenders and MLCC agree to hold their respective Commitments available for you until 5:00 p.m., New York City time, on September 30, 2007. The Commitments will terminate on the Closing Date, and you agree to rely exclusively on your rights and the commitments set forth in the Credit Documentation in respect of all loans and extensions of credit to be made after the Closing Date.
