Commitment Termination Event definition

Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

Commitment Termination Event means ----------------------------

Commitment Termination Event means any of the following:

Examples of Commitment Termination Event in a sentence

• 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 Transferor or the Trust, the Purchased Property, the Administrative Agent or the Lenders, or entry of a judgment against the Transferor or the Trust of $25,000 or more, notice of such event or circumstance.

• In the event of a Commitment Termination Event, Buyer shall, as soon as practicable and in no event later than five (5) days after the occurrence of such Commitment Termination Event, pay Seller, ***.

• The Administrative Agent will promptly notify the Borrowers and the Lenders of any such redenomination and conversion following a Commitment Termination Event.

• Emergency repair pricing shall include the hourly rate charged for repairs such as; electrical work, mechanical engine repairs, generator repairs, rubrail/collar or hull repairs, welding work, emergency haul out (per foot for haul, block and launch), transmission repairs, and jet drive repairs.

• The Borrower shall remit the Final Payment to the Lenders on the earlier to occur of (a) the Final Payment Date, (b) the Major Transaction Put Date, and (c) within three (3) Business Days after a Commitment Termination Event.

More Definitions of Commitment Termination Event

Commitment Termination Event means the occurrence of any event described in Section 8.01 resulting in a termination of the Commitments pursuant to Section 8.02.

Commitment Termination Event means (i) the occurrence of any Event of Default described in clauses (b) through (d) of Section 8.1.9 with respect to any Obligor (other than Subsidiaries that are not Material Subsidiaries), or (ii) the occurrence and continuance of any other Event of Default and either (x) the declaration of the Loans to be due and payable pursuant to Section 8.3, or (y) in the absence of such declaration, the giving of notice to the Borrower by the Administrative Agent, acting at the direction of the Required Lenders, that the Commitments have been terminated.

Commitment Termination Event has the meaning specified in Section 2.2(c).

Commitment Termination Event means the occurrence of any Event of Default.

Commitment Termination Event means (a) the occurrence of any Event of Default described in CLAUSES (a) through (e) of SECTION 8.1.9; or (b) the occurrence and continuance of any other Event of Default and either (i) the declaration of the Loans to be due and payable pursuant to SECTION 8.3, or (ii) in the absence of such declaration, the giving of notice by the Agent, acting at the direction of the Required Lenders, to the Borrower that the Commitments have been terminated.

Commitment Termination Event means (a) any Event of Default under Section 5.5(d), and (b) the receipt by Borrower of an Acceleration Notice pursuant to Section 5.5.

Commitment Termination Event has the meaning specified in the Loan and Security Agreement.