Revolving Loan Commitment Termination Date Sample Clauses

The Revolving Loan Commitment Termination Date clause defines the specific date on which the lender’s obligation to make further advances under a revolving credit facility ends. In practice, this means that after this date, the borrower can no longer draw additional funds, although outstanding amounts may still be repaid according to the loan agreement. This clause is essential for establishing a clear cutoff for new borrowings, thereby managing the lender’s risk exposure and providing certainty to both parties regarding the duration of available credit.
Revolving Loan Commitment Termination Date. The Commitments shall terminate, and all outstanding Obligations shall be paid in full (or, in the case of contingent Letter of Credit Obligations outstanding, payment in cash shall be made and deposited in the Cash Collateral Account in an aggregate principal amount equal to the then outstanding Letter of Credit Obligations to the satisfaction of the Issuing Banks and the Requisite Lenders) on the Revolving Loan Commitment Termination Date. Each Lender's obligation to make Revolving Loans, the Swing Bank's obligation to make Swing Loans, and any Issuing Bank's obligation to issue Letters of Credit shall terminate at the close of business on the Business Day next preceding the Revolving Loan Commitment Termination Date.
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Revolving Loan Commitment Termination Date. As used in the Agreement, the term "Revolving Loan Commitment Termination Date" shall mean the earlier of April 30, 2001 or such date as the Revolving Loan Commitment is terminated pursuant to subsection 1(v) hereof."
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Revolving Loan Commitment Termination Date. Borrowers may, in their sole discretion and without the payment of any additional costs, expenses or fees to Lenders with respect to the exercise of such option to extend, extend the Revolving Loan Commitment Termination Date, subject to satisfaction of the following conditions and PROVIDED that in each instance no Event of Default or Potential Event of Default then exists:
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Revolving Loan Commitment Termination Date. Borrower may, in its sole discretion and without the payment of any additional costs, expenses or fees to Lenders with respect to the exercise of such option to extend, extend the Revolving Loan Commitment Termination Date, subject to satisfaction of the following conditions and provided that no Event of Default or Potential Event of Default then exists: (i) On or prior to March 31, 2006, Borrower may elect to extend the Revolving Loan Commitment Termination Date to August 29, 2007 by providing a Notice of Extension to the Administrative Agent; provided, that Borrower may not elect to exercise the extension option provided for in this subsection 2.9B(i) unless Borrower has refinanced all of the then outstanding Senior 1996 Notes on terms and conditions acceptable to the Co-Lead Arrangers; and (ii) Such notice of extension shall be accompanied by an Officers’ Certificate certifying that the refinancing contemplated by subparagraph (i) above has occurred.
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Revolving Loan Commitment Termination Date. Subsection 1.1 of the Credit Agreement is hereby amended by deleting the reference to "August 31, 2001" set forth in the definition of "Revolving Loan Commitment Termination Date" and substituting "August 31, 2004" therefor.
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Related to Revolving Loan Commitment Termination Date

  • Extension of Commitment Termination Date The Borrower may, no more frequently than once each year by delivering written notice to the Managing Agents (with a copy to the Program Agent), request the Lenders to extend the Commitment Termination Date for an additional 364 days past the then applicable Commitment Termination Date, with such extension to become effective with respect to any Lender Group, as of the date one or more Committed Lenders having Commitments equal to 100% of such Lender Group’s Lender Group Limit shall in their sole discretion consent to such extension (the Lenders in such a Lender Group, “Extending Lenders”). Any such request shall be subject to the following conditions: (i) at no time will any Commitment have a term of more than 364 days and, if any such request would result in a term of more than 364 days, such request shall be deemed to have been made for such number of days so that, after giving effect to such extension on the date requested, such term will not exceed 364 days, (ii) none of the Lenders will have any obligation to extend any Commitment, (iii) any such extension of the Commitment Termination Date will be effective only upon the written agreement of at least one Committed Lender and the Borrower and (iv) any request for such extension shall be made at least sixty (60) days prior to the then current Commitment Termination Date. The Managing Agent for each applicable Committed Lender will respond to any such request within thirty (30) days (with a copy to the Paying Agent) but in any event no earlier than thirty (30) days prior to the then current Commitment Termination Date, provided that any Managing Agent’s failure to respond within such period shall be deemed to be a rejection of the requested extension.

  • Commitment Termination Date the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the Revolver Commitments are terminated pursuant to Section 11.2.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Revolving Committed Amount If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall exceed the Revolving Committed Amount, the Borrower shall immediately prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) Cash Collateralize the LOC Obligations in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vii) below).

  • Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.