Termination of Credit Facility. The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).
Termination of Credit Facility. (a) The Credit Facility shall terminate upon the earliest to occur of:
(i) the termination of the Credit Facility in accordance with Section 13.1;
(ii) the date on which the Credit Facility has been permanently reduced to zero pursuant to Section 2.3; and
(iii) the Maturity Date.
(b) Upon the termination of the Credit Facility, the right of the Borrower to obtain any credit thereunder and all of the obligations of the Lenders to extend credit thereunder shall automatically terminate.
Termination of Credit Facility. The Credit Facility shall terminate on the Maturity Date.
Termination of Credit Facility. (a) The Credit Facility shall terminate on the earliest of: (i) May 30, 2007 (it being agreed by all parties hereto that, as of the Seventh Amendment Effective Date, such date has been extended to June 5, 2009), (ii) the date of termination by the Borrower pursuant to Section 2.7, (iii) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 12.2(a), (iv) the date which is ninety-one (91) days prior to the then current maturity date of any Specified Existing Note if on the date which is one hundred twenty (120) days prior to the then current maturity date of such Specified Existing Note either (A) the remaining outstanding principal balance thereof (excluding any such balance as to which sums have been set aside for the payment thereof pursuant to any defeasance or sinking fund or escrow arrangement or similar provisions) is in excess of $75,000,000 or (B) the Aggregate Credit Exposure is in excess of $100,000,000 and the outstanding principal balance of such Specified Existing Note (excluding any such balance as to which sums have been set aside for the payment thereof pursuant to any defeasance or sinking fund or escrow arrangement or similar provisions) has not been paid in full; or (v) the date which is ninety-one (91) days prior to the then current maturity date of any Indebtedness permitted pursuant to Section 12.1(o)(iii) if, on the date which is one hundred twenty (120) days prior to the then current maturity date of such Indebtedness, such Indebtedness has not been paid in full in accordance with the terms of this Agreement or extended or refinanced such that the maturity of such Indebtedness is more than ninety-one (91) days after May 27, 2009 (as such date may be extended pursuant to Section 2.8(b)); provided, that, on an annual basis the Borrower shall be entitled to request an extension of the Credit Facility (other than the EDC Credit Facility or the Fairfax Credit Facility) upon the same terms and conditions as contained herein for an additional 364-day period and thereafter be entitled to request subsequent extensions for 364-day periods, which request shall be granted in the Lenders’ discretion and subject to the provisions of Sections 2.8(b) and (c); provided that the following conditions are satisfied (A) no Default or Event of Default has occurred and is continuing, (B) the Credit Facility has not been terminated pursuant to clause (ii), (iii), (iv) or (v) above, (C) the Borrower provides written...
Termination of Credit Facility. Unless earlier terminated pursuant to the terms hereof, the Commitments of the Banks shall terminate on the Termination Date.
Termination of Credit Facility. The Credit Facility shall terminate on the earliest of (a) September 30, 2005, (b) the date of permanent reduction of the Aggregate Commitment in whole pursuant to Section 2.6 and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 11.2(a).”
(d) Section 9.3 of the Credit Agreement is hereby deleted in its entirety and the following Section 9.3 shall be substituted in lieu thereof:
Termination of Credit Facility. Section 2.6 of the Credit Agreement is hereby amended by deleting the reference to "September 30, 2000" contained in said Section and by substituting therefor a reference to "December 31, 2000."
Termination of Credit Facility. Terminate the Revolving Credit(a) Commitment and declare the principal of and interest on the Loans and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by each Credit Party, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(i) or (j), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by each Credit Party, anything in this Agreement or in any other Loan Document to the contrary notwithstanding. Letters of Credit. With respect to all Letters of Credit with respect to which presentment(b) for honor shall not have occurred at the time of an acceleration pursuant to the preceding paragraph, the Borrower shall at such time deposit in a Cash Collateral account opened by the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such Cash Collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay the other Secured Obligations on a pro rata basis. After all such Letters of Credit shall have expired or been fully drawn upon, the Reimbursement Obligation shall have been satisfied and all other Secured Obligations shall have been paid in full, the balance, if any, in such Cash Collateral account shall be returned to the Borrower. General Remedies. Exercise on behalf of the Secured Parties all of its other rights and(c) remedie...
Termination of Credit Facility. The (a) Revolving Credit Facility shall terminate on the Revolving Credit Maturity Date and (b) the Swingline Facility shall terminate on the Swingline Termination Date.
Termination of Credit Facility. Borrower’s right to borrow under the Credit Agreement, dated as of November 13, 2002, among Borrower, Citibank, N.A., as Administrative agent, Xxxxxxx Xxxxx Xxxxxx Inc., as Co-Lead Arranger, The Bank of New York, as Co-Lead Arranger and Co-Syndication Agent, Xxxxxx Xxxxxxx Senior Funding, Inc., as Co-Syndication Agent, Bank of America N.A., as Documentation Agent and the financial institutions parties thereto, shall have been terminated and all amounts owed by Borrower thereunder shall have been paid in full.
