Common use of Mandatory Termination of Commitments Clause in Contracts

Mandatory Termination of Commitments. (a) The Term Loan Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Term Loans. (b) The Revolving Credit Commitments shall terminate at 12:00 noon on the Revolving Loan Maturity Date.

Appears in 5 contracts

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

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Mandatory Termination of Commitments. (a) The 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 Term Loans. (b) The Revolving Credit Commitments Any unfunded Delayed Draw Term Loan Commitment shall terminate at 12:00 noon 5:00 p.m. on the Revolving Delayed Draw Term Loan Maturity Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Rubrik, Inc.), Credit Agreement (Rubrik, Inc.), Credit Agreement (Rubrik, 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. (b) The Initial Revolving Credit Commitments Commitment shall terminate at 12:00 noon p.m. on the Revolving Loan Credit Maturity Date.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.), First Lien Credit Agreement (Aveanna Healthcare 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. (b) The Revolving Credit Commitments Commitment shall terminate at 12:00 noon p.m. (New York City time) on the Revolving Loan Credit Maturity Date. (c) The New Term Loan Commitment for any Class shall, unless otherwise provided in the applicable Joinder Agreement, terminate contemporaneously with the Borrowing of such New Term Loans.

Appears in 1 contract

Samples: First Lien Credit Agreement (International Market Centers, Inc.)

Mandatory Termination of Commitments. (a) The Total Term Loan Commitments Commitment shall terminate upon the closing of the Transactions on the Closing Date, contemporaneously with the Borrowing of the Term Loans. (b) The Revolving Credit Commitments Any remaining Total Delayed Draw Term Loan Commitment shall terminate at 12:00 noon 5:00 P.M on the Delayed Draw Term Loan Termination Date. (c) The Revolving Loan Commitment shall terminate on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Soundhound Ai, Inc.)

Mandatory Termination of Commitments. (a) The Revolving Credit Commitments shall terminate on the Termination Date. The Term Loan Commitments shall terminate upon disbursement of the Term Loans on the Closing Date, contemporaneously with the Borrowing of the Term Loans. (b) The Revolving Credit Commitments shall terminate at 12:00 noon on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

Mandatory Termination of Commitments. (a) The Total Term Loan Commitments Commitment shall terminate at 5:00 P.M. (New York time) on the Closing Date, contemporaneously with the Borrowing of the Term Loans. (b) The Total Revolving Credit Commitments Commitment shall terminate at 12:00 noon 5:00 P.M. (New York time) on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Bristol West Holdings Inc)

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 Term Loans. (b) The Total 2022 Incremental Term Loan Commitment shall terminate upon the occurrence of the 2022 Incremental Agreement Effective Date. (bc) The Total Revolving Credit Commitments Commitment shall terminate at 12:00 noon 5:00 p.m. (New York City time) on the Revolving Loan Credit Maturity Date.

Appears in 1 contract

Samples: Incremental Agreement to Credit Agreement (Snap One Holdings Corp.)

Mandatory Termination of Commitments. (a) The Initial Term Loan Commitment shall terminate upon the closing of the Transactions on the Closing Date. (a) The Total Revolving Credit Commitment shall terminate at 5:00 p.m. (New York time) on the Revolving Credit Maturity Date. (b) The Delayed Draw Term Loan Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Term Loans. (b) The Revolving Credit Commitments shall terminate at 12:00 noon on the Revolving Loan Maturity Delayed Draw Termination Date.

Appears in 1 contract

Samples: Credit Agreement

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Mandatory Termination of Commitments. (a) The Total Term Loan Commitments Commitment shall terminate upon the closing of the Transactions on the Closing Date, contemporaneously with the Borrowing of the Term Loans. (b) The Total Revolving Credit Commitments Commitment shall terminate at 12:00 noon 5:00 p.m. (New York time) on the Revolving Loan Credit Maturity Date.

Appears in 1 contract

Samples: Credit Agreement

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. (b) The Initial Revolving Credit Commitments Commitment shall terminate at 12:00 noon p.m. on the Revolving Loan Credit Maturity Date.. 173 LEGAL_US_E # 167910103.1167910103.8 174 LEGAL_US_E # 167910103.1167910103.8 SECTION 5

Appears in 1 contract

Samples: First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.)

Mandatory Termination of Commitments. (a) The Term Loan A-1 Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Term A-1 Loans. (b) The Term A-2 Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing of the Term A-2 Loans. (c) The Revolving Credit Commitments shall terminate at 12:00 noon on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Americold Realty Trust)

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. (b) The Revolving Credit Commitments shall terminate at 12:00 noon p.m. (New York City time) on the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Americold Realty Trust)

Mandatory Termination of Commitments. (a) The 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 Term LoansA Loan thereunder. (b) The Revolving Credit Commitments Commitment shall terminate at 12:00 noon 5:00 p.m. (New York City time) on the Revolving Loan Credit Maturity Date.

Appears in 1 contract

Samples: Amendment No. 1 (National Vision Holdings, Inc.)

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