Revolving Loan Commitment Termination Date Sample Clauses
The Revolving Loan Commitment Termination Date clause defines the specific date on which the lender’s obligation to make further advances 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 loan agreement. 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.
Revolving Loan Commitment Termination Date. The Commitments shall terminate, and all outstanding Obligations shall be paid in full (or, in the case of contingent Letter of Credit Obligations outstanding, payment in cash shall be made and deposited in the Cash Collateral Account in an aggregate principal amount equal to the then outstanding Letter of Credit Obligations to the satisfaction of the Issuing Banks and the Requisite Lenders) on the Revolving Loan Commitment Termination Date. Each Lender's obligation to make Revolving Loans, the Swing Bank's obligation to make Swing Loans, and any Issuing Bank's obligation to issue Letters of Credit shall terminate at the close of business on the Business Day next preceding the Revolving Loan Commitment Termination Date.
Revolving Loan Commitment Termination Date. As used in the Agreement, the term "Revolving Loan Commitment Termination Date" shall mean the earlier of April 30, 2001 or such date as the Revolving Loan Commitment is terminated pursuant to subsection 1(v) hereof."
Revolving Loan Commitment Termination Date. Borrowers may, in their sole discretion and without the payment of any additional costs, expenses or fees to Lenders with respect to the exercise of such option to extend, extend the Revolving Loan Commitment Termination Date, subject to satisfaction of the following conditions and PROVIDED that in each instance no Event of Default or Potential Event of Default then exists:
Revolving Loan Commitment Termination Date. Borrower may, in its sole discretion and without the payment of any additional costs, expenses or fees to Lenders with respect to the exercise of such option to extend, extend the Revolving Loan Commitment Termination Date, subject to satisfaction of the following conditions and provided that no Event of Default or Potential Event of Default then exists:
(i) On or prior to March 31, 2006, Borrower may elect to extend the Revolving Loan Commitment Termination Date to August 29, 2007 by providing a Notice of Extension to the Administrative Agent; provided, that Borrower may not elect to exercise the extension option provided for in this subsection 2.9B(i) unless Borrower has refinanced all of the then outstanding Senior 1996 Notes on terms and conditions acceptable to the Co-Lead Arrangers; and
(ii) Such notice of extension shall be accompanied by an Officers’ Certificate certifying that the refinancing contemplated by subparagraph (i) above has occurred.
Revolving Loan Commitment Termination Date. Subsection 1.1 of the Credit Agreement is hereby amended by deleting the reference to "August 31, 2001" set forth in the definition of "Revolving Loan Commitment Termination Date" and substituting "August 31, 2004" therefor.