Common use of Mandatory Termination of Commitments Clause in Contracts

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 13 contracts

Samples: First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.), Term Loan Credit Agreement (Claire's Holdings LLC), Second Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.)

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Mandatory Termination of Commitments. (a) The Total Initial Term Loan Commitments Commitment shall terminate on upon the occurrence of the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 7 contracts

Samples: Credit Agreement (MultiPlan Corp), Junior Priority Intercreditor Agreement (Snap One Holdings Corp.), Junior Priority Intercreditor Agreement (MultiPlan Corp)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 5 contracts

Samples: Credit Agreement (Americold Realty Trust), Credit Agreement (Americold Realty Trust), Credit Agreement (Americold Realty Trust)

Mandatory Termination of Commitments. (a) The Initial Closing Date Term Loan Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Initial Closing Date Term Loans.

Appears in 4 contracts

Samples: Credit Agreement (Applovin Corp), Credit Agreement (Applovin Corp), Credit Agreement (Applovin Corp)

Mandatory Termination of Commitments. (a) The Initial Term A Loan Commitments Commitment shall terminate in full on the Closing Date, contemporaneously with Restatement Effective Date immediately following the Borrowing funding of the Initial Term LoansA Loan thereunder.

Appears in 4 contracts

Samples: Credit Agreement (National Vision Holdings, Inc.), Credit Agreement (National Vision Holdings, Inc.), Credit Agreement (National Vision Holdings, Inc.)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments Commitment shall terminate immediately following the closing of the Transactions on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 3 contracts

Samples: Credit Agreement (ARKO Corp.), Credit Agreement (ARKO Corp.), Credit Agreement (ARKO Corp.)

Mandatory Termination of Commitments. (a) The Initial Closing Date Term Loan Commitments shall terminate upon the making of the Closing Date Term Loans on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 3 contracts

Samples: Credit Agreement (Rubrik, Inc.), Credit Agreement (Rubrik, Inc.), Credit Agreement (Rubrik, Inc.)

Mandatory Termination of Commitments. (a) The Term Loan Commitment with respect to the Initial Term Loan Commitments Loans shall terminate immediately following the closing of the Transactions on the Closing Date, contemporaneously and (b) the Term Loan Commitment with respect to the Borrowing 2022 Supplemental Term Loans shall terminated immediately following the closing of the Initial Term LoansAmendment No. 2 Transactions on the Amendment No. 2 Effective Date.

Appears in 3 contracts

Samples: Credit Agreement (Grindr Inc.), Credit Agreement (Grindr Inc.), Credit Agreement (Tiga Acquisition Corp.)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments described in clause (a) of the definition thereof shall terminate on upon the occurrence of the Closing Date, contemporaneously with the Borrowing of Date and the Initial Term LoansLoan Commitments described in clause (b) of the definition thereof shall terminate upon the occurrence of the First Incremental Agreement Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (MultiPlan Corp), Amendment Agreement (MultiPlan Corp)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.. SECTION 5 Payments 105

Appears in 2 contracts

Samples: Intercreditor Agreement (Canada Goose Holdings Inc.), Intercreditor Agreement (Canada Goose Holdings Inc.)

Mandatory Termination of Commitments. (a) The Initial InitialClosing Date Term Loan Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Initial InitialClosing Date Term Loans.

Appears in 2 contracts

Samples: Credit Agreement (Applovin Corp), Credit Agreement (Applovin Corp)

Mandatory Termination of Commitments. (a) The Initial Total Term Loan Commitments Commitment shall terminate upon the closing of the Transactions on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 2 contracts

Samples: Credit Agreement (Soundhound Ai, Inc.), Credit Agreement

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments Commitment shall terminate immediately following the closing of the Transactions on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 2 contracts

Samples: Credit Agreement (Tiga Acquisition Corp.), Credit Agreement (Tiga Acquisition Corp.)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments shall terminate on the Closing Date, contemporaneously with Date upon the Borrowing of the Initial Term Loans.

Appears in 2 contracts

Samples: Credit Agreement (Del Frisco's Restaurant Group, Inc.), Credit Agreement (Del Frisco's Restaurant Group, Inc.)

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Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments shall terminate on immediately upon the Closing Date, contemporaneously with the Borrowing occurrence of the Initial Term LoansRestatement Agreement Effective Date.

Appears in 1 contract

Samples: And Restatement Agreement (Baldwin Insurance Group, Inc.)

Mandatory Termination of Commitments. (a) The Initial Term A Loan Commitments Commitment shall terminate in full on the Closing Date, contemporaneously with Second Restatement Effective Date immediately following the Borrowing funding of the Initial Term LoansA Loan thereunder.

Appears in 1 contract

Samples: Credit Agreement (National Vision Holdings, Inc.)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 1 contract

Samples: Intercreditor Agreement (Canada Goose Holdings Inc.)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments Commitment shall terminate upon the closing of the Transactions on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 1 contract

Samples: Credit Agreement

Mandatory Termination of Commitments. (a) The Total Initial Term Loan Commitments Commitment shall terminate upon the advance of the Initial Term Loan on the Closing Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Grocery Outlet Holding Corp.)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitments shall terminate upon funding on the Closing Restatement Effective Date, contemporaneously with the Borrowing of the Initial Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Academy Sports & Outdoors, Inc.)

Mandatory Termination of Commitments. (a) The Total Initial Term Loan Commitments Commitment shall terminate on the Closing Date, contemporaneously with Date immediately after giving effect to the Borrowing consummation of the Initial Term LoansTransactions.

Appears in 1 contract

Samples: Credit Agreement (Airsculpt Technologies, Inc.)

Mandatory Termination of Commitments. (a) The Initial Term Loan A-1 Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Initial Term A-1 Loans.

Appears in 1 contract

Samples: Assignment and Assumption (Americold Realty Trust)

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