Common use of Termination or Reduction of the Commitment Clause in Contracts

Termination or Reduction of the Commitment. (a) Unless previously terminated, the Commitment shall automatically terminate at 5:00 p.m. New York City time on the third anniversary of the date hereof.

Termination or Reduction of the Commitment. (a) Unless previously terminated, the Commitment shall automatically terminate at 5:00 p.m. New York City time on the third anniversary of the Effective Date. All accrued and unpaid facility fees to, but not including, the effective date hereofof such termination shall be payable on the effective date of such termination.

Termination or Reduction of the Commitment. (a) Unless previously terminated, the Commitment shall automatically terminate at 5:00 p.m. New York City time on the third fourth anniversary of the date hereofEffective Date.