Examples of Commitment Expiration Date in a sentence
To establish a standing request for Financing Costs Purchases, which standing request shall be effective until the Commitment Expiration Date, the Authority shall deliver to the Purchasers’ Representative an executed written Standing Financing Costs Purchase Request on or prior to the Closing Date.
Upon satisfaction of such conditions, the Commitment will become effective and, subject to the terms and conditions hereof, each Purchaser agrees, severally and not jointly, to purchase Series 2023[●] Bonds in a principal amount not exceeding such Purchaser’s Commitment and subject to an aggregate amount not to exceed the Available Commitment, before the Commitment Expiration Date.
The Authority shall pay to the Purchasers a Reduction Fee or Termination Fee, as applicable, in connection with each permanent reduction or termination of the Available Commitment pursuant to Section 2.06 (Permanent Reduction and Termination of Available Commitment) prior to the Commitment Expiration Date, in an amount equal to the Reduction Fee or Termination Fee, as applicable, payable on the date of such termination or each such reduction.
The direction set forth herein shall remain in full force and effect until the Commitment Expiration Date.
The Purchasers’ obligation to make Purchases and the Commitment shall terminate on the Commitment Expiration Date.