Revolving Commitment Ending Date Sample Clauses

The Revolving Commitment Ending Date clause defines the specific date on which a lender’s obligation to make further advances or loans under a revolving credit facility ends. In practice, this means that after this date, the borrower can no longer draw additional funds, although outstanding amounts may still be repaid according to the agreement’s terms. This clause is essential for establishing a clear cutoff for new borrowings, thereby managing the lender’s risk exposure and providing certainty to both parties regarding the duration of available credit.