Term of Commitments. Subject to each Lender’s right in accordance with the terms of this Agreement to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists or upon termination of the Commitments as provided in Section 6.2, the Commitments shall be in effect for a period (the “Term”) commencing on the date hereof and continuing until the close of business on April 21, 2011, unless sooner terminated as provided in Section 6.2.
Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists or upon termination of the Commitments as provided in SECTION 6.2 hereof, the Commitments shall be in effect for a period of 5 years from the date hereof through the close of business on May 10, 2010 (the "Term") unless sooner terminated as provided in SECTION 6.2.
Term of Commitments. Unless earlier terminated in accordance herewith, the Commitments shall terminate on the earlier of (a) the date on which the Term Loans are paid in full and (b) the Termination Date applicable to such Commitments, provided, however, that upon such payment in full of the Term Loans or on the Termination Date applicable to the Revolving Loan Commitments, Lenders holding Revolving Notes and Borrower may, in their sole discretion and without the consent or agreement of any other Lender, mutually agree to extend the Termination Date applicable to Revolving Loan Commitments for one or more consecutive periods of one year, however, the Revolving Loan Commitments of only those Lenders voting to extend their respective Revolving Loan Commitments shall be so extended. In addition, the Commitments may be terminated as set forth in Section 8.3 hereof. On the Termination Date applicable to the Commitments, all Obligations relating to Revolving Loans, the Term Loans, Risk Participation Agreements and Lender Letters of Credit (including, without limitation, all Revolving Loans, the Term Loans and all Risk Participation Agreement Liabilities) shall become immediately due and payable without notice or demand. Upon acceleration in accordance with Section 8.3, all unpaid Obligations shall become immediately due and payable without notice or demand. Notwithstanding any termination, until all Obligations have been fully paid and satisfied, Agent, on behalf of Lenders, shall be entitled to retain security interests in and liens upon all Collateral, and even after payment of all Obligations hereunder, Borrower's obligation to indemnify Agent and Lenders and the Lenders' obligations to indemnify the Agent in accordance with the terms hereof shall continue.
Term of Commitments. Subject to Lender's right to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists or upon termination of the Commitments as provided in SECTION 6.2 hereof, the Commitments shall be in effect from the date hereof through the earlier of (i) the close of business on the second anniversary of the Closing Date, or (ii) the close of business on the date that is six months prior to the Final Maturity Date of the guaranteed indebtedness described in that certain consent letter ("Consent Letter"), dated as of the date hereof, from Lender to ProxyMed regarding certain Permitted Investments (the "Term"). As used herein, the term "Final Maturity Date" shall have the meaning ascribed to such term in the documents evidencing the aforementioned guaranteed indebtedness, as amended pursuant to paragraph 2(c) of the Consent Letter.
Term of Commitments. (a) This Agreement shall become effective upon the execution and delivery hereof by Borrower and the Lender Group. The Revolver Commitment shall terminate on the fourth anniversary of the Closing Date (the “Revolver Maturity Date”). The Term Loan B Commitment shall terminate on the fifth anniversary of the Closing Date (the “Term Loan B Maturity Date” and, together with the Revolver Maturity Date, the “Maturity Dates”).
Term of Commitments. Subject to each Lender’s right to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists and prior to the satisfaction of the Borrowing Reinstatement Conditions, the Commitments shall be in effect for a period commencing on the date hereof and continuing until the date that is the soonest to occur of (i) October 31, 2007, (ii) the effective date of any Reorganization Plan, or (iii) the date that the Commitments are terminated as provided in Section 6.2 (such period of time being referred to herein as the “Term”).
Term of Commitments. Subject to each Lender's right to cease making Revolver Loans to Borrower when any Default exists or upon the Commitment Termination Date, the Commitments shall be in effect for the DIP Term. The DIP Term may be extended by written agreement among Borrower, Agent and Lenders without further notice or hearing or order by the Court.
Term of Commitments a) Except where specified to the contrary, the commitments described in Paragraphs 1 through 6 above will have a term of five years, measured from March 26, 2001 (the "Effective Date").
Term of Commitments. Subject to each Lender's right to cease making ------------------- Revolver Loans to Borrower when any Default or Event of Default exists or upon the Commitment Termination Date, the Commitments shall be in effect for the DIP Term. The DIP Term may be extended by written agreement among Borrower, Agent and Lenders without further notice or hearing or order by the Court.
Term of Commitments. This Agreement shall become effective upon the execution and delivery hereof by Borrower and the Lender Group. The Revolver Commitment shall terminate on the fourth anniversary of the Closing Date (the “Revolver Maturity Date”). The Term Loan B shall mature on the fifth anniversary of the Closing Date (the “Term Loan B Maturity Date” and, together with the Revolver Maturity Date, the “Maturity Dates”). The Lender Group, upon the election of the Required Lenders, shall have the right to terminate its obligations under this Agreement immediately and without notice upon the occurrence and during the continuation of an Event of Default. Effect of Termination. On the date of termination of the Revolver Commitment, all Obligations (including contingent reimbursement obligations of Borrower with respect to any outstanding Letters of Credit but excluding Obligations under the Term Loan B) immediately shall become due and payable without notice or demand (including (a) either (i) providing cash collateral to be held by Administrative Agent in an amount equal to 105% of the then extant Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Administrative Agent marked “terminated” by the beneficiary thereof, and (b) providing cash collateral to be held by Administrative Agent for the benefit of the Lenders or Lender-Related Persons, as applicable, with respect to the Lender Hedging Obligations). On the Term Loan B Maturity Date, all Obligations, to the extent not already due and payable, immediately shall become due and payable without notice or demand (including (a) either (i) providing cash collateral to be held by Administrative Agent in an amount equal to 105% of the then extant Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Administrative Agent marked “terminated” by the beneficiary thereof, and (b) providing cash collateral to be held by Administrative Agent for the benefit of the Lenders or Lender-Related Persons, as applicable, with respect to the Lender Hedging Obligations). No termination of the Commitments however, shall relieve or discharge Borrower of Borrower’s duties, Obligations, or covenants hereunder or under the other Loan Documents, and the Administrative Agent’s Liens in the Collateral, for the benefit of the Lender Group, shall remain in effect until all Obligations have been fully and finally discharged and the Administrative Agent and the Lender Group’s obligations to ...
