Termination of Commitment definition

Termination of Commitment. The commitment hereunder shall terminate on June 30, 1999 unless a definitive credit agreement in form and substance satisfactory to the DIP Agent and related documentation (the "DIP Credit Documentation") have been entered into and the conditions to initial Loans and Letters of Credit set forth therein have been satisfied on or prior to such date (the date on which the DIP Credit Documentation is executed and such conditions are satisfied, the "Closing Date").
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Termination of Commitment. This commitment will terminate if the first delivery of Equipment and funding is not completed on or before May 15, 1997.
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Termination of Commitment. This commitment will terminate if the first delivery of Equipment and funding is not completed on or before May 15, 1997. Loan Term Commencement: Upon making each Loan, which will occur upon delivery of the Equipment or upon each completion of deliveries of items of Equipment with aggregate cost of not less than $50,000, and shall be no later than June 30, 1998. Term: From each Loan Term Commencement until 48 months from the first day of the month next following or coincident with that Loan Term Commencement.
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Examples of Termination of Commitment in a sentence

  • Loan and Terms of Payment 1 2.1 Promise to Pay 1 2.1.1 Revolving Advances 1 2.1.2 Letters of Credit Sublimit 2 2.1.3 FX Forward Contracts 2 2.1.4 Cash Management Services 2 2.2 Suspension and Termination of Commitment to Lend; Termination of this Agreement 2 2.3 Overadvances 3 2.4 Interest Rates 3 2.5 Term Loan Option 4 2.6 General Provisions 4 2.7 Fees 4 2.8 Mandatory Prepayment Event 5 3.

  • Section 15 of the Commitment reads as follows: Termination of Commitment; Damages.

  • No Cancellation or Termination of Commitment....................................

  • Events of Default and Acceleration §12.2. Termination of Commitment §12.3. Remedies §13.

  • Seal My commission expires: Boone County Board of Zoning AppealsModification or Termination of Commitment ApplicationAttachment A: Affidavit of OwnershipIf the owner(s) of the subject property are giving authorization for someone else to apply for the Variance, this Attachment is to be completed and submitted at the time of application.

  • Voluntary Termination of Commitment or Reduction of Purchase Limit .

  • Voluntary Termination of Commitment or Reduction of Maximum Investment.........................................

  • Events of Default 70 Section 8.2 Remedies: Termination of Commitment, Acceleration, etc.

  • Mandatory Prepayments and Termination of Commitment.....................

  • LOANS 23 2.1 Loans—General 23 2.2 Base Rate Loans 24 2.3 Eurodollar Rate Loans 25 2.4 [Reserved] 25 2.5 [Reserved] 25 2.6 [Reserved] 25 2.7 Co-Borrowers 25 2.8 Voluntary Reduction of Commitment 25 2.9 Optional Termination of Commitment 26 2.10 Extension of Maturity Date 26 2.11 Administrative Agent's Right to Assume Funds Available for Advances 26 2.12 Release and Reattachment of Collateral 27 2.13 Senior Indebtedness 28 2.14 Optional Increases to the Commitment 28 Article 3.


More Definitions of Termination of Commitment

Termination of Commitment. This commitment will terminate if the first delivery of Equipment is not completed and funded on or before June 15, 1997. The final delivery of Equipment shall not be later than March 31, 1998.
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Related to Termination of Commitment

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans, and (iii) the Letter of Credit Usage.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $500,000,000.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).