Common use of Expiration of Commitments Clause in Contracts

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.

Appears in 6 contracts

Samples: Participation Agreement (Mobil Corp), Participation Agreement (Mobil Corp), Participation Agreement (Mobil Corp)

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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 Notes pursuant to Section 2.2 shall expire if the Closing Date or purchase shall not have occurred before midnight on the Cut-off Date.. 2.4

Appears in 1 contract

Samples: Participation Agreement (Lone Star Energy Plant Operations Inc)

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 DateMay 30, 1997. 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 Notes pursuant to Section 2.2 shall expire if the Closing Date or purchase shall not have occurred before midnight on the Cut-off DateJuly 28, 1997.

Appears in 1 contract

Samples: Participation Agreement (Mobil Corp)

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 Notes pursuant to Section 2.2 shall expire if the Closing Date or purchase shall not have occurred before midnight on the Cut-off Date.

Appears in 1 contract

Samples: Participation Agreement (Newfield Exploration Co /De/)

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Expiration of Commitments. Unless the Owner Participant shall ------------------------- agree to a later date, the Owner Participant's ’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, Participants shall agree to a later date, the Pass Through Trustee's commitment, as a each Loan Participant, ’s commitment to purchase the Secured Note its Notes pursuant to Section 2.2 shall expire if the Closing Date or purchase shall not have occurred before midnight on the Cut-off Date.

Appears in 1 contract

Samples: Participation Agreement (Spinnaker Exploration Co)

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