Mandatory Termination of Revolving Commitments. All of the Revolving Commitments shall terminate on the Revolving Facility Termination Date.
Mandatory Termination of Revolving Commitments. Each applicable Class of Revolving Commitments shall terminate on the Revolving Facility Termination Date applicable to such Class of Revolving Commitments.
Mandatory Termination of Revolving Commitments. The Initial Revolving Commitments will automatically terminate on the earliest of (i) the Revolving Maturity Date, (ii) 5:00 p.m., New York City time on June 24, 2021 if the Funding Date shall not have occurred prior to such time and (iii) the date on which the Borrower or any of its Affiliates has made a public statement to the effect that the Spin-Off will not be consummated on or prior to the Spin-Off Deadline. Unless otherwise set forth in the applicable Incremental Amendment, Extension Amendment or Refinancing Amendment, each other class of Revolving Commitments shall automatically terminate upon the Final Maturity Date of the applicable Revolving Facility.
Mandatory Termination of Revolving Commitments. The Revolving Commitments shall automatically terminate on the Maturity Date therefor.
Mandatory Termination of Revolving Commitments. (i) All of the Revolving Commitments shall terminate on the Revolving Facility Termination Date (as it may be extended with respect to some or all of the Commitments pursuant to Section 2.17).
(i) The aggregate Initial Term Commitments shall be automatically and permanently reduced by the amount of the Term Borrowing made on the Closing Date.
(ii) Any unused Term Commitments shall be automatically and permanently reduced to zero on the last day of the applicable Term Availability Period (which, with respect to the Initial Term Commitments, shall be the Closing Date).
Mandatory Termination of Revolving Commitments. Section 2.14 of the Credit Agreement is hereby amended by inserting the following new clause (i) at the end thereof:
(i) Immediately upon the earlier of (i) the incurrence or effectiveness of any Post-Spin Credit Facility and (ii) the consummation of the Hotels Spin-Off, the Revolving Commitments of all of the Lenders shall be automatically terminated in their entirety.
Mandatory Termination of Revolving Commitments. Section 2.14 of the Credit Agreement is hereby amended by inserting the following new clauses (i) and (j) at the end thereof:
(i) Immediately upon the incurrence or effectiveness of any Post-Spin Credit Facility, the Revolving Commitments of all of the Lenders shall be automatically terminated in their entirety.
(j) Immediately upon the later of (x) consummation of the sale of the Borrower’s European vacation rental business and the receipt by the Borrower of the net cash proceeds from such sale and (y) the consummation of the Hotels Spin-Off, the Revolving Commitments shall be automatically reduced by $500 million.
Mandatory Termination of Revolving Commitments. The Initial Revolving Commitments will automatically terminate on the Revolving Maturity Date. Unless otherwise set forth in the applicable Incremental Amendment, Extension Amendment or Refinancing Amendment, each other class of Revolving Commitments shall automatically terminate upon the Final Maturity Date of the applicable Revolving Facility.
Mandatory Termination of Revolving Commitments. All of the Revolving Commitments and each LC Issuer’s agreement to issue Letters of Credit shall terminate on the Revolving Facility Termination Date.
Mandatory Termination of Revolving Commitments. All of the Revolving Commitments shall terminate on the date that is the earlier of (i) the Revolving Facility Termination Date or (ii) the date of the occurrence of a Change of Control.
