Common use of Termination of Term Loan Commitments Clause in Contracts

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.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Berry Global Group Inc), Second Lien Bridge Credit Agreement, Second Lien Bridge Credit Agreement (Berry Global Group Inc)

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