Scheduled Termination of Commitments. (a) The Term Loan Commitments shall terminate upon the earlier of (i) the making of the Term Loans and (ii) at the close of business on the Closing Date. (b) The Revolving Credit Commitments shall terminate on the Termination Date unless otherwise terminated according to the terms of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Wiley John & Sons Inc), Credit Agreement (Wiley John & Sons Inc)
Scheduled Termination of Commitments. Unless previously terminated, (ai) The the Term Loan Commitments shall terminate upon after giving effect to the earlier initial Borrowing of (i) the making of the Term Loans on the Effective Date and (ii) at the close of business on the Closing Date.
(b) The Revolving Credit Commitments shall terminate on the Termination Date unless otherwise terminated according to the terms of this AgreementMaturity Date.
Appears in 1 contract
Scheduled Termination of Commitments. (a) The Term Loan Commitments shall terminate upon the earlier of (i) the making borrowing of the Term Loans in accordance with Section 2.01 and (ii) at the close of business on the Closing Commitment Termination Date.
(b) The Revolving Credit Commitments shall terminate on the Termination Date unless otherwise terminated according to the terms of this Agreement.
Appears in 1 contract