Common use of Termination, Reduction and Increase of Commitments Clause in Contracts

Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, the Revolving Commitments and the Letter of Credit Commitments shall terminate on the Commitment Termination Date; provided however, upon delivery to the Administrative Agent of a copy of an order or approval issued by the PUC, certified by a Financial Officer to be true and complete, which is final and not subject to review or appeal, that approves the extension of the date set forth in clause (a) of the definition of Commitment Termination Date, then the date set forth in clause (a) of the definition of Commitment Termination Date shall be automatically extended to the latest date permitted by such order or approval but in no event later than June 30, 2022.

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Electric Co Inc)

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Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, the Revolving Commitments and the Letter of Credit Commitments shall terminate on the Commitment Termination Date; , provided however, upon delivery to the Administrative Agent of a copy of an order or approval issued by the PUC, certified by a Financial Officer of the Borrower to be true and complete, which is final and not subject to review or appeal, that approves authorizes the extension Borrower to enter into credit agreements, including this Agreement, for a period in excess of the date set forth in clause (a) of the definition of Commitment Termination Date364 days, then the date set forth in clause (a) of the definition of Commitment Termination Date shall be automatically extended to the latest date permitted by such order or approval but in no event no later than June 30, 2022the date which is the fifth anniversary of the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Electric Co Inc)

Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, the Revolving Commitments and the Letter of Credit Commitments shall terminate on the Commitment Termination Date; provided however, upon delivery to the Administrative Agent of a copy of an order or approval issued by the PUC, certified by a Financial Officer to be true and complete, which is final and not subject to review or appeal, that approves the extension of the date set forth in clause (a) of the definition of Commitment Termination Date, then the date set forth in clause (a) of the definition of Commitment Termination Date shall be automatically extended to the latest date permitted by such order or approval but in no event later than June 30May 14, 2022.2026..

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Electric Co Inc)

Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, the Revolving Commitments and the Letter of Credit Commitments shall terminate on the Commitment Termination Date; provided however, upon delivery to the Administrative Agent of a copy of an order or approval issued by the PUC, certified by a Financial Officer to be true and complete, which is final and not subject to review or appeal, that approves the extension of the date set forth in clause (a) of the definition of Commitment Termination Date, then the date set forth in clause (a) of the definition of Commitment Termination Date shall be automatically extended to the latest date permitted by such order or approval but in no event later than June 30April 2, 20222019.

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Electric Co Inc)

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Termination, Reduction and Increase of Commitments. (a) Unless previously terminated, the Revolving Commitments and the Letter of Credit Commitments shall terminate on the Commitment Termination Date; provided however, upon delivery to the Administrative Agent of a copy of an order or approval issued by the PUC, certified by a Financial Officer to be true and complete, which is final and not subject to review or appeal, that approves authorizes the extension Borrower to enter into credit agreements, including this Agreement, for a period in excess of the date set forth in clause (a) of the definition of Commitment Termination Date364 days, then the date set forth in clause (a) of the definition of Commitment Termination Date shall be automatically extended to the latest date permitted by such order or approval but in no event later than June 30, 2022the date which is the third anniversary of the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Electric Industries Inc)

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