Common use of Scheduled Termination of Commitments Clause in Contracts

Scheduled Termination of Commitments. Notwithstanding anything to the contrary herein, the Term Loan Commitments that are funded on the Effective Date shall be terminated upon such funding and, if the total Term Loan Commitment as of the Effective Date is not drawn on the Effective Date, any Term Loan Commitments in respect of the undrawn amount shall automatically be cancelled. Unless previously terminated, the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date. If at any time the Aggregate Maximum Revolving Credit Amounts or the Borrowing Base is terminated or reduced to zero, then the Revolving Credit Commitments shall terminate on the effective date of such termination or reduction.

Scheduled Termination of Commitments. Notwithstanding anything to the contrary herein, the Term Loan Commitments that are funded on the Effective Date shall be terminated upon such funding and, if the total Term Loan Commitment as of the Effective Date is not drawn on the Effective Date, any Term Loan Commitments in respect of the undrawn amount shall automatically be cancelled. Unless previously terminated, the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date and the Term Loan Commitments shall terminate on the Term Loan Maturity Date. If at any time the Aggregate Maximum Revolving Credit Amounts or the Borrowing Base is are terminated or reduced to zero, then the Revolving Credit Commitments shall terminate on the effective date of such termination or reduction. If at any time the Aggregate Maximum Term Loan Amounts are terminated or reduced to zero, then the Term Loan Commitments shall terminate on the effective date of such termination or reduction.

Scheduled Termination of Commitments. Unless previously terminated, the Commitments shall terminate on the applicable Maturity Date. If at any time the Aggregate Maximum Credit Amounts, the Borrowing Base or the Aggregate Elected Commitment Amount, as applicable, are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction. Notwithstanding anything to the contrary herein, the Term Loan Commitments that are funded on the Effective any Term Loan Facility Closing Date shall be terminated upon such funding and, if the total Term Loan Commitment Commitments as of the Effective such Term Loan Facility Closing Date is are not drawn on the Effective such Term Loan Facility Closing Date, any Term Loan Commitments in respect of the undrawn amount shall automatically be cancelled. Unless previously terminated, the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date. If at any time the Aggregate Maximum Revolving Credit Amounts or the Borrowing Base is terminated or reduced to zero, then the Revolving Credit Commitments shall terminate on the effective date of such termination or reduction.