Examples of Commitment Termination Event in a sentence
The Project 11 Schedule serves as the foundation for the Monthly Progress Schedule.
On the Document Closing Date, both before and after giving effect to the transactions contemplated by this Agreement, no Commitment Termination Event shall have occurred and be continuing.
Promptly after obtaining knowledge of an event or circumstance that is likely to result in a Commitment Termination Event, Event of Servicing Termination or have a Material Adverse Effect on the Seller or the Transferor, the Purchased Property, or the Purchasers, notice of such event or circumstance.
All waivers of any provision of this Agreement, including, but not limited to, the waiver of a Purchase Commitment Termination Event, must be in writing and delivered prior to the date of the effectiveness of such waiver, with a copy provided to any Purchaser Designee at the address set forth in the Joinder.
Seller shall pay for one (1) such inspection during each calendar year; provided, that, if a Purchase Commitment Termination Event has occurred, Seller shall pay for any related inspections; provided further, that Seller shall have no obligation to (x) pay for any inspections occurring more than five (5) years after the Closing Date and (y) pay more than $7,500 per calendar year for such inspection(s).