Termination of Term Loan Commitments. The Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date.
Termination of Term Loan Commitments. The Bridge Term Loan Commitment of each Lender shall be automatically and permanently reduced to zero upon the funding of the Bridge Term Loans to be made on the Closing Date. Unless previously terminated in accordance with other terms hereof, the Bridge Term Loan Commitments shall automatically terminate at 11.59 p.m., (London time), on the earlier to occur of (i) the last day of the Certain Funds Period and (ii) the consummation of the Acquisition without the use of the Bridge Term Loans.
Termination of Term Loan Commitments. The Aggregate Term Loan Commitments shall be automatically and permanently reduced to zero on the date of the Term Loan Borrowing.
Termination of Term Loan Commitments. The Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date. Notwithstanding the foregoing, all the Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on August 5, 2011, if the initial Borrowing shall not have occurred by such time.
Termination of Term Loan Commitments. Unless previously terminated, the Tranche A Term Loan Commitments shall terminate after the borrowing of the Tranche A Term Loans on the Incremental Effective Date.
Termination of Term Loan Commitments. The Term Loan Commitments shall terminate on the Term Loan Commitment Termination Date unless sooner terminated in accordance with this Agreement. Any unused Term Loan Commitment shall terminate on the date of the making of the Term Loans. Upon at least 10 days’ prior written notice to Agent from the Borrower Agent, U.S. Borrowers may, at their option, terminate the Term Loan Commitments without premium or penalty. Any notice of termination given by Borrowers pursuant to this Section 2.5.4 shall be irrevocable but may be conditioned on a refinancing or another material event.
Termination of Term Loan Commitments. (a) If the Funding Date occurs, the aggregate Term Loan Commitments shall be automatically and permanently reduced to zero upon the borrowing of the Term Loan on the Funding Date.
(b) In the event that the Funding Date shall not have occurred on or prior to the Termination Date and none of the Lenders have breached their obligations under this Agreement to fund their respective portions of the Term Loan, each Lender’s Term Loan Commitment shall automatically terminate and each Term Lender shall upon such termination have no further obligation to make the Term Loan. Notwithstanding anything in this Agreement to the contrary, the termination of Term Loan Commitments pursuant to this clause (b) shall not prejudice any rights or remedies the Borrower may have under this Agreement for any failure by a Lender prior to the date of such termination to comply with its obligation under this Agreement to fund its portion of the Term Loan.
Termination of Term Loan Commitments. (a) The parties hereto acknowledge that each of the Term Loan Commitments terminated on the Closing Date.
(b) The Borrower may at any time terminate, or from time to time reduce, the Commitments under the Term Facility. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments under a Term Facility shall be made ratably among the Lenders in accordance with their respective Commitments under such Term Facility.
Termination of Term Loan Commitments. Any unfunded Tranche A Term Loan Commitments shall terminate at 5:00 p.m. New York City time on the last day of the Tranche A Availability Period and any unfunded Tranche B Term Loan Commitments shall terminate at 5:00 p.m. New York City time on the last day of the Tranche B Availability Period.
Termination of Term Loan Commitments. Subject to the satisfaction of the conditions set forth in Section 1.6 below, the Term Loan Commitments are hereby terminated. The Required Lenders (before giving effect to this Amendment) hereby waive any prior notice of such termination required by Section 2.09(c) of the Existing Credit Agreement.
