Common use of Scheduled Termination of Commitments Clause in Contracts

Scheduled Termination of Commitments. The Initial Term Loan Commitments shall terminate on the funding of the Initial Term Loans and unless previously terminated, the Delayed Draw Commitments shall terminate on the Delayed Draw Commitment Termination Date.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Rex Energy Corp), Term Loan Credit Agreement (Northern Oil & Gas, Inc.), Term Loan Credit Agreement (Rex Energy Corp)

AutoNDA by SimpleDocs

Scheduled Termination of Commitments. (i) The Initial Term Loan Commitments shall terminate on upon the funding of the Initial Term Loans and unless on the Closing Date pursuant to Section 2.01(a). (ii) Unless previously terminatedterminated pursuant to funding under Section 2.01(b) or commitment reductions pursuant to Section 2.06(b), the Delayed Draw Commitments shall terminate on the Delayed Draw Commitment Termination Date.

Appears in 1 contract

Samples: Senior Secured First Lien Term Loan Credit Agreement (Clean Energy Fuels Corp.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!