Commitment Termination definition

Commitment Termination. The commitment of BTCo under the Commitment Letter shall terminate on December 15, 1999 (or earlier in the event that HIG has terminated the agreement with respect to the Acquisition) unless a definitive credit agreement for the Senior Secured Financing has been executed and delivered, the Transaction has been consummated and the Closing Date has occurred on or prior to such date.

Commitment Termination has its meaning set forth in Section 2.22.

Examples of Commitment Termination in a sentence

Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.
The financing arrangements contemplated hereby shall be in effect until the Commitment Termination Date, and the Loans and all other Obligations shall be automatically due and payable in full on such date.
Such fee shall be payable in arrears, on the first day of each month and on the Commitment Termination Date.
Unless previously terminated, the Commitments shall terminate on the Commitment Termination Date.
Amounts borrowed under this subsection 2.1A(iii) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date.

Commitment Termination. The commitments hereunder shall terminate on December 31, 1997 unless definitive Credit Documents (as defined below) have been executed and delivered and the Initial Borrowing Date has occurred prior to such date.

Commitment Termination means the public announcement of the termination of the Debt Commitment Letter and the commitments thereunder in accordance with the terms of the Debt Commitment Letter (except for a termination as a result of a breach by the Commitment Party (as such term is defined in the Debt Commitment Letter) to uphold its obligations pursuant to the Debt Commitment Letter).

Commitment Termination collectively, the termination of the Domestic Revolving Credit Commitments and the termination of the obligation of Canadian Lender to fund Canadian Revolving Credit Loans to Canadian Borrower under Section 1.1.2 of the Agreement.

Commitment Termination. Date: November 15, 2002 or such later date to which the Commitment Termination Date may be extended (if extended) in the sole discretion of VFCC and each Investor in accordance with the Terms of Section 2.1(b)."

Commitment Termination. The commitments hereunder shall terminate on the earlier to occur of (x) May 15, 2002, unless on or prior to such date Holdings shall have filed pursuant to the Bankruptcy Code its "pre-arranged" Plan (which shall be in form and substance satisfactory to the Agents), (y) the occurrence of an event of default (or similar defined term) under the DIP Credit Facility (without giving effect to any waiver, amendment or consent in respect of (or prior to the occurrence of) any such event of default) or (z) August 15, 2002 unless definitive documentation with respect to the Credit Facilities has been executed and delivered, the Transaction has been consummated and the initial borrowings under the Credit Facilities have occurred.

Commitment Termination. The commitments in respect of the Bridge Facility will terminate in their entirety automatically upon the funding of the entire amount (or such lesser amount as is requested by the Borrower in writing) of the Bridge Facility on the Funding Date. In addition, (i) at any time after the Effective Date and prior to the Funding Date, the Borrower shall have the right to terminate commitments in respect of the Bridge Facility among the Lenders on a ratable basis in whole or in part in its sole discretion and (ii) the commitments of the Lenders will expire on the earliest of (A) the date that is three (3) business days after the Termination Date (as defined in the Purchase Agreement as in effect on the date hereof, after giving effect to any extension thereof in accordance with the Purchase Agreement as in effect on the date hereof) (B) the consummation of the Acquisition without the use of the Bridge Facility and (C) the date of the termination of the Purchase Agreement by the Borrower in writing in accordance with its terms. Collateral: None.

Commitment Termination. Date: February 6, 2002 or such later date to which the Commitment Termination Date may be extended (if extended) in the sole discretion of the Purchasers in accordance with the terms of Section 2.3(b)."