Common use of Term of Commitments Clause in Contracts

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.

Appears in 1 contract

Samples: Loan and Security Agreement (Mastec Inc)

AutoNDA by SimpleDocs

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 hereof6.2, 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") commencing on the date hereof and continuing until the close of business on September 22, 2010, unless sooner terminated as provided in SECTION 6.2.

Appears in 1 contract

Samples: Loan and Security Agreement (IMI of Arlington, Inc.)

Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrowers Borrower when any Default or Event of Default exists or upon termination of the Commitments as provided in SECTION Section 6.2 hereof, the Commitments shall be in effect for a period of 5 3 years from the date hereof hereof, through the close of business on May 10January 12, 2010 1999 (the "Term") unless sooner terminated as provided in SECTION 6.2).

Appears in 1 contract

Samples: Loan and Security Agreement (Rhodes Inc)

AutoNDA by SimpleDocs

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 Section 6.2 hereof, the Commitments shall be in effect for a period of 5 years from the date hereof hereof, through the close of business on May June 10, 2010 2003 (the "Committed Term") unless sooner terminated as provided in SECTION 6.2).

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear Co Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.