Expiration of Commitments. The obligation of the Owner Participant to make its Equity Investment shall expire at 5:00 p.m., New York City time, on December 31, 2001. If the Closing Date has not occurred on or before December 31, 2001 the Transaction Parties shall have no obligation to consummate the transactions contemplated under this Agreement and, except as provided in Sections 2.3, 9.1 and 9.2, all obligations of the Transaction Parties shall cease and terminate.
Expiration of Commitments. Unless the Owner Participant shall ------------------------- agree to a later date, the Owner Participant's commitment to make the Investment on the Closing Date pursuant to Section 2.1 shall expire if the Closing Date shall not have occurred before midnight on the Cut-off Date. Unless the Pass Through Trustee, as Loan Participant, shall agree to a later date, the Pass Through Trustee's commitment, as a Loan Participant, to purchase the Secured Note pursuant to Section 2.2 shall expire if the Closing Date or purchase shall not have occurred before midnight on the Cut-off Date.
Expiration of Commitments. The obligations of the parties hereto shall expire on December 7, 2001, at 11:59 p.m., New York City time, if the Closing Date has not occurred on or before that date. Upon such expiration, the parties hereto shall have no obligation to consummate the transactions contemplated under this Agreement except as provided in SECTIONS 2.3, 10.1 and 10.2 and all obligations of the Lease Transaction Parties shall cease and terminate.
Expiration of Commitments. The obligation of the Equity Investor to make its Equity Investment and the obligations of the Initial Noteholders to purchase Senior Notes shall expire at 11:59 p.m., New York City time, on May 31, 2005. If the Closing Date has not occurred on or before May 31, 2005, the Transaction Parties shall have no obligation to consummate the Transaction and, except as provided in Sections 2.3, 2.4, 9.1 and 9.2, and in any funding indemnity letter between the Lessee and the Initial Noteholders, all obligations of the Transaction Parties shall cease and terminate.
Expiration of Commitments. The Term Loan Commitments of the Lenders to make Term Loans (other than the New Term Loan Commitments, which shall be governed by Section 2.04) shall expire on the earlier of (i) the date specified in Section 4.01 in the event that the conditions set forth in Section 4.01 are not satisfied (or waived pursuant to Section 9.02) at or prior to 3:00 p.m. New York City time on such date, and (ii) the date of the Borrowing of the Term Loans pursuant to Section 2.01(b) (the “Term Loan Commitment Expiry Date”). Any portion of the Term Loans that is repaid may not be reborrowed.
Expiration of Commitments. The Commitments of the Lenders to fund Warehousing Advances (including any then-unfunded Warehousing Advances under pending Warehousing Advance Requests (with the exception of then-unfunded Subsequent Warehousing Advances related to Multiple Advance Mortgage Loans as to which the Borrowing Period has not expired as contemplated by the definition herein of “Borrowing Expiration Date”)) shall expire on the last day of the Borrowing Period.
Expiration of Commitments. The Commitments of all of the Lenders hereunder to fund new Warehousing Advances shall expire on the Borrowing Expiration Date.
Expiration of Commitments. The obligation of the Owner Participant to make its Equity Investment and the obligations of the Original Lenders to make the Loans shall expire at 11:59 p.m., New York City time, on March 31, 1996. If the Closing Date has not occurred on or before March 31, 1996, the parties hereto shall have no obligation under this Agreement.
Expiration of Commitments. The commitment of the Owner ------------------------- Participant under Section 1.2(a) and the several commitments of the Note Purchasers hereunder shall expire on September 30, 1999.
Expiration of Commitments. The obligation of the Purchasers to make Purchases hereunder shall expire on the earlier to occur of (i) the third anniversary of the Closing Date or, in respect of Bank Notes, the second anniversary of the Closing Date, and (ii) the date all of the Commitments hereunder otherwise terminate in accordance with the terms hereof (including pursuant to Section 6.01) (such earlier date, the "COMMITMENT TERMINATION DATE"). None of the Notes will contain any revolving feature and amounts repaid or prepaid with respect thereto may not be reissued.
