Common use of Revolving Loan Commitment Termination Date Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Foamex Capital Corp), Credit Agreement (Foamex Capital Corp)

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Revolving Loan Commitment Termination Date. The Commitments shall terminate, and all outstanding Revolving Credit 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 Revolving Credit 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.

Appears in 1 contract

Samples: Credit Agreement (Foamex Capital Corp)

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Revolving Loan Commitment Termination Date. The Revolving Loan 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.

Appears in 1 contract

Samples: Credit Agreement (Foamex International Inc)

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