Common use of Loan Commitment Termination Clause in Contracts

Loan Commitment Termination. In the event the Loan Commitment is terminated, the Credit Termination Date shall accelerate to such date of termination and CLC shall, simultaneously with such termination, repay the Base Rate Loans and LIBO Rate Loans in accordance with ss.2.8.

Appears in 1 contract

Sources: Credit Agreement (Chemical Leaman Corp /Pa/)

Loan Commitment Termination. In the event the Loan Commitment is terminated, the Credit Termination Date shall accelerate to such date of termination and CLC the H▇▇▇ Companies shall, simultaneously with such termination, repay the Base Rate Loans and LIBO Rate Loans in accordance with ss.2.8.. Credit Agreement -13- November 1997

Appears in 1 contract

Sources: Credit Agreement (Sjit Inc)