Termination of the Commitments. All outstanding Commitments shall terminate on the Closing Date (after giving effect to the Borrowing occurring on such date).
Termination of the Commitments. The Commitment of each Bank shall be automatically and permanently reduced to $0 on the Funding Date.
Termination of the Commitments. Declare the Commitments terminated whereupon the Commitments shall be immediately terminated.
Termination of the Commitments. On the Termination Date the Commitments of the Lenders shall be terminated in whole and the Notes shall be due and payable in their entirety.
Termination of the Commitments. The obligation of the Issuing Bank to issue the Letter of Credit shall automatically terminate if not delivered at or prior to 5:00 P.M. (New York City time) on April 22, 1999.
Termination of the Commitments. Unless previously terminated, the Commitments on the Effective Date shall automatically and permanently terminate upon the making of the Loans on the Effective Date.
Termination of the Commitments. (a) Any Revolving Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders, and any Term Borrower may, prior to the Term Loan Commitment Termination Date for the Term Loan Commitments in any Tranche, upon at least three Business Days’ prior notice to the Administrative Agent, terminate the unused portions of such Term Loan Commitments of the Term Loan Lenders in such Tranche; provided, however, that each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and need not be ratable among the Facilities.
(b) Then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made (or would be required to be made had the outstanding Revolving Loans and Swing Loans equaled the Revolving Credit Commitments then in effect) pursuant to Section 2.9(a)(i) from the proceeds of any Asset Sale or Property Loss Event, in each case in the amount of such prepayment (or of the prepayment that would have been required) (and the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by its Ratable Portion of such amount).
(c) Any unused Term Loan Commitment shall terminate on the Term Loan Commitment Termination Date for such Term Loan Commitment.
Termination of the Commitments. (a) The Commitment of each Lender shall automatically terminate upon the first to occur of (i) the making of the Advances and (ii) 5:00 P.M. (New York City time) on December 31, 1995.
Termination of the Commitments. (a) The Agent shall have the right, with the consent of the Required Lenders and without notice to the Borrower, to terminate the Commitments immediately upon a Matured Default. The Revolving Loan Commitments and the LC Commitments shall be deemed immediately terminated and all of the Liabilities relating to the Revolving Loans shall be immediately due and payable, without notice to the Borrower, on the Revolving Maturity Date. The Term Loan Commitments shall be deemed immediately terminated and all of the Liabilities relating to the Term Loans shall be immediately due and payable, without notice to the Borrower, on the Term Maturity Date. In the event any of the Commitments are terminated, the remainder of this Agreement shall remain in full force and effect until the indefeasible full payment and full satisfaction of the Liabilities. Notwithstanding the foregoing, in the event that a Default of the type described in clause (i) of the definition of Matured Default occurs, then this Agreement shall be deemed to be terminated immediately, all of the Liabilities shall automatically become immediately due and payable, and the obligations of the Lenders to make Loans and the Commitments shall automatically terminate in accordance with Section 11.1, provided however, that if such Default is cured within the time period (if applicable) set forth in clause (i) of the definition of Matured Default, then this Agreement shall be deemed to be reinstated as of the date that the Agent is given written notice of a final court order effecting such cure.
(b) The Borrower shall have the right, upon at least five Business Days' notice to the Agent to terminate the Commitments in whole, provided however, that subject to Section 2.4(a), any such termination prior to February 21, 2002 shall be accompanied by the payment of an early termination fee equal to one percent (1%) of the Commitments. The Borrower shall not have the right to terminate the Commitments in part.
Termination of the Commitments. The Company may, upon not less than four Business Days’ prior notice to the Administrative Agent, terminate the Commitments or permanently reduce the Aggregate Commitment to an amount that is not less than the Total Outstandings. Any reduction of the Aggregate Commitment (a) shall be in the amount of U.S.$10,000,000 or a higher integral multiple of U.S.$1,000,000; and (b) shall be applied to reduce the amount of the Commitment of each Lender according to its Total Pro Rata Share. All accrued facility fees to, but not including, the effective date of any reduction or termination of the Commitments shall be paid on the effective date of such reduction or termination. Subject to Section 2.20, any reduction or termination of the Aggregate Commitment shall be permanent unless the Company and all Lenders otherwise agree.
