Expiration or Termination of the Commitments Clause Samples

The 'Expiration or Termination of the Commitments' clause defines the conditions under which the obligations or promises made by parties in an agreement come to an end, either automatically upon a specified date or event, or through an early termination process. This clause typically outlines scenarios such as the fulfillment of all obligations, mutual agreement to terminate, or the occurrence of certain breaches or defaults that trigger early termination. Its core practical function is to provide clear guidelines for when and how the parties are released from their commitments, thereby reducing uncertainty and managing risk in the contractual relationship.
Expiration or Termination of the Commitments. Unless extended in writing or terminated earlier in accordance with this Agreement, the Buyers’ Commitments (including Comerica Bank’s Swing Line Commitment) shall automatically expire at the close of business on the Termination Date, without any requirement for notice or any other action by the Agent, any of the Buyers or any other Person.
Expiration or Termination of the Commitments. Unless extended in writing or terminated earlier in accordance with this Agreement, the LendersCommitments to lend under this Agreement and the other Facilities Papers (including JPMorgan’s Swing Line Commitment) shall automatically expire at the close of business on the Termination Date, without any requirement for notice or any other action by the Agent, any of the Lenders or any other Person.
Expiration or Termination of the Commitments. Unless extended in writing or terminated earlier in accordance with this Agreement, the Lenders' Commitments to lend under this Agreement and the other Facilities Papers (including Texas Commerce's Swing Line Commitment) shall automatically expire at the close of business on the Termination Date, without any requirement for notice or any other action by the Agent, any of the Lenders or any other Person.
Expiration or Termination of the Commitments. Unless extended in writing or terminated earlier in accordance with this Agreement, the Seasoned Warehouse Lenders' Commitments to lend under this Agreement and the other Seasoned Warehouse Loan Documents shall automatically expire at the close of business on the Termination Date, without any requirement for notice or any other action by the Seasoned Warehouse Agent, any of the Seasoned Warehouse Lenders or any other Person.
Expiration or Termination of the Commitments. Section 2.2 of the Repurchase Agreement is amended and restated to read in its entirety as follows:
Expiration or Termination of the Commitments. Unless extended in writing or terminated earlier in accordance with this Agreement, the Lenders' Commitments to lend under this Agreement and the other Facilities Papers shall automatically expire at the close of business on the Termination Date, without any requirement for notice or any other action by the Agent, any of the Lenders or any other Person.
Expiration or Termination of the Commitments. Unless extended in writing or terminated earlier in accordance with this Agreement and the Repurchase Agreement, the Buyers’ Commitments to enter into Transactions under this Agreement and the other Repurchase Documents (including JPMorgan’s Swing Line Commitment) shall automatically expire at the close of business on the Termination Date, without any requirement for notice or any other action by the Administrative Agent, any of the Buyers or any other Person.

Related to Expiration or Termination of the Commitments