Mandatory Termination of Revolving Commitments. The Initial Revolving Commitments will automatically terminate on the earliest of (i) the Revolving Maturity Date, (ii) 5:00 p.m., New York City time on June 24, 2021 if the Funding Date shall not have occurred prior to such time and (iii) the date on which the Borrower or any of its Affiliates has made a public statement to the effect that the Spin-Off will not be consummated on or prior to the Spin-Off Deadline. Unless otherwise set forth in the applicable Incremental Amendment, Extension Amendment or Refinancing Amendment, each other class of Revolving Commitments shall automatically terminate upon the Final Maturity Date of the applicable Revolving Facility.
Appears in 2 contracts
Sources: Credit Agreement (DT Midstream, Inc.), Credit Agreement (DT Midstream, Inc.)