Termination of Commitment and Engagement Letter on Closing Date Sample Clauses

Termination of Commitment and Engagement Letter on Closing Date. Parent and the Initial Purchaser each hereby agrees that if the closing of the purchase and sale of the Securities occurs, the Engagement and Commitment Letter, dated as of March 9, 2004, will terminate without liability of either party thereunder except for the confidentiality provisions thereof. [SIGNATURE PAGES FOLLOW] If the foregoing Purchase Agreement correctly sets forth the understanding among the Issuers and the Initial Purchaser, please so indicate in the space provided below for the purpose, whereupon this letter and your acceptance shall constitute a binding agreement among the Issuers and the Initial Purchaser. ISPAT INLAND ULC By: /s/ Xxxxxxx Xxxxxxx --------------------------------------- Name: Xxxxxxx Xxxxxxx Title: Secretary ISPAT INTERNATIONAL N.V. By: /s/ Xxxxxx X. Xxxxxxx --------------------------------------- Name: Xxxxxx X. Xxxxxxx Title: Chief Financial Officer ISPAT INLAND INC. By: /s/ Xxxxx X. Xxxxxxxx --------------------------------------- Name: Xxxxx X. Xxxxxxxx Title: President and Chief Executive Officer ISPAT INLAND, L.P. By: /s/ Xxxxxxx Xxxxxxx --------------------------------------- Name: Xxxxxxx Xxxxxxx Title: Chairman of 9064-4816 Quebec, Inc., General Partner 3019693 NOVA SCOTIA U.L.C. By: /s/ Xxxxxxx Xxxxxxx --------------------------------------- Name: Xxxxxxx Xxxxxxx Title: Chairman ISPAT INLAND FINANCE, LLC By: /s/ Xxxxxx X. XxXxx --------------------------------------- Name: Xxxxxx X. XxXxx Title: Manager XXXXXXX TRUCKING COMPANY, INC. By: /s/ Xxxxxx X. XxXxxxxx --------------------------------------- Name: Xxxxxx X. XxXxxxxx Title: Secretary INCOAL COMPANY By: /s/ Xxxxxx X. XxXxxxxx --------------------------------------- Name: Xxxxxx X. XxXxxxxx Title: Secretary ISPAT INLAND MINING COMPANY By: /s/ Xxxxxx X. XxXxxxxx --------------------------------------- Name: Xxxxxx X. XxXxxxxx Title: Secretary ISPAT INLAND SERVICE CORP. By: /s/ Xxxxxx X. XxXxxxxx --------------------------------------- Name: Xxxxxx X. XxXxxxxx Title: Secretary Confirmed and accepted as of the date first above written: UBS SECURITIES LLC By: /s/ Xxxx X. Xxxxxx --------------------------------- Name: Xxxx X. Xxxxxx Title: Executive Director High Yield Capital Markets By: /s/ Xxxxxxx X. Xxxxxxx XX --------------------------------- Name: Xxxxxxx X. Xxxxxxx XX Title: Executive Director High Yield Capital Markets SCHEDULE I SUBSIDIARY GUARANTOR JURISDICTION OF EQUITY HOLDER AND % SUBSIDIARY ORGANIZATION HELD BY EACH ---------- ------------ ---------...
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Related to Termination of Commitment and Engagement Letter on Closing Date

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Termination of Commitment to Lend Notwithstanding anything in the Loan Documents, Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at Lender’s sole election, the occurrence of any Default or Event of Default hereunder, and (ii) the applicable Commitment Termination Date. Notwithstanding the foregoing, Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower shall terminate if, in Lender’s sole judgment, there has been a material adverse change in the general affairs, management, results of operations, condition (financial or otherwise) or prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lender on or before the date of this Agreement.

  • Termination of Commitment On the service of a notice under paragraph (a) of Clause 18.2, the Commitment and all other obligations of the Lender to the Borrower under this Agreement shall terminate.

  • Termination of Commitments Declare the Commitments terminated whereupon the Commitments shall be immediately terminated.

  • EFFECTIVENESS, TERMINATION, AND AMENDMENT OF AGREEMENT (a) This Agreement shall become effective on the date set forth below and may be terminated at any time by any party upon sixty (60) days’ prior written notice to the other parties, and may be terminated earlier by the Fund, the Participant or the Distributor at any time in the event of a material breach by another party of any provision of this Agreement.

  • Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require. Additionally, the Borrower shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.

  • Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of Credit (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a L/C Request and Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such L/C Request and Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 12:00 noon at least three (3) Business Days prior to the proposed issuance date or date of amendment, as the case may be, or such later date and time as the L/C Issuer may agree in a particular instance in its sole discretion. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as the L/C Issuer may reasonably request. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the L/C Issuer: (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may reasonably request.

  • Effective Date, Amendment and Termination A. This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary performs any service, or receives any payment pursuant hereto.

  • AMENDMENT OF AGREEMENT; MERGER The General Partner’s consent shall be required for any amendment to this Agreement. The General Partner, without the consent of the Limited Partners, may amend this Agreement in any respect or merge or consolidate the Partnership with or into any other partnership or business entity (as defined in Section 17-211 of the Act) in a transaction pursuant to Section 7.1(b), (c) or (d) hereof; provided, however, that the following amendments and any other merger or consolidation of the Partnership shall require the consent of Limited Partners holding more than 50% of the Percentage Interests of the Limited Partners:

  • Mandatory Termination of Commitments (a) The Initial Term Loan Commitments shall terminate at 5:00 p.m. (New York City time) on the Closing Date.

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