Term of Commitments Clause Samples

Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists or upon termination of the Commitments as provided in SECTION 6.2, the Commitments shall be in effect for a period (the "Term") commencing on the date hereof and continuing until the close of business on September 22, 2010, unless sooner terminated as provided in SECTION 6.2.

Term of Commitments. Unless earlier terminated in accordance herewith, the Commitments shall terminate on the earlier of (a) the date on which the Term Loans are paid in full and (b) the Termination Date applicable to such Commitments, provided, however, that upon such payment in full of the Term Loans or on the Termination Date applicable to the Revolving Loan Commitments, Lenders holding Revolving Notes and Borrower may, in their sole discretion and without the consent or agreement of any other Lender, mutually agree to extend the Termination Date applicable to Revolving Loan Commitments for one or more consecutive periods of one year, however, the Revolving Loan Commitments of only those Lenders voting to extend their respective Revolving Loan Commitments shall be so extended. In addition, the Commitments may be terminated as set forth in Section 8.3 hereof. On the Termination Date applicable to the Commitments, all Obligations relating to Revolving Loans, the Term Loans, Risk Participation Agreements and Lender Letters of Credit (including, without limitation, all Revolving Loans, the Term Loans and all Risk Participation Agreement Liabilities) shall become immediately due and payable without notice or demand. Upon acceleration in accordance with Section 8.3, all unpaid Obligations shall become immediately due and payable without notice or demand. Notwithstanding any termination, until all Obligations have been fully paid and satisfied, Agent, on behalf of Lenders, shall be entitled to retain security interests in and liens upon all Collateral, and even after payment of all Obligations hereunder, Borrower's obligation to indemnify Agent and Lenders and the Lenders' obligations to indemnify the Agent in accordance with the terms hereof shall continue.

Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists (provided, that each Lender's obligation vis-a-vis Agent shall be governed by SECTION 3.1.2 hereof) or upon termination of the Commitments as provided in SECTION 5.2 hereof, the Commitments shall be in effect from the date hereof through the close of business on June 6, 2006 (the "Term").

Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrowers when any Default or Event of Default exists or upon termination of the Commitments as provided in Section 2.28(b) below, the Commitments shall be in effect for a period (the "Term") from the date hereof, through the close of business on March 1, 2018, unless sooner terminated as provided in Section 2.28(b) below; provided, that, notwithstanding the foregoing, if Agent has not received on or before December 31, 2015, evidence satisfactory to Agent that the scheduled maturity dates of the Indebtedness arising under each of the Senior Secured Notes Documents and the $125,000,000 Unsecured Debt Documents, in each case, have been extended to a date that is ninety (90) or more days following March 1, 2018, then the last day of the Term shall be January 1, 2016.

Term of Commitments. This Agreement shall become effective upon the execution and delivery hereof by Borrower and the Lender Group. The Revolver Commitment shall terminate on the fourth anniversary of the Closing Date (the “Revolver Maturity Date”). The Term Loan B shall mature on the fifth anniversary of the Closing Date (the “Term Loan B Maturity Date” and, together with the Revolver Maturity Date, the “Maturity Dates”). The Lender Group, upon the election of the Required Lenders, shall have the right to terminate its obligations under this Agreement immediately and without notice upon the occurrence and during the continuation of an Event of Default. Effect of Termination. On the date of termination of the Revolver Commitment, all Obligations (including contingent reimbursement obligations of Borrower with respect to any outstanding Letters of Credit but excluding Obligations under the Term Loan B) immediately shall become due and payable without notice or demand (including (a) either (i) providing cash collateral to be held by Administrative Agent in an amount equal to 105% of the then extant Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Administrative Agent marked “terminated” by the beneficiary thereof, and (b) providing cash collateral to be held by Administrative Agent for the benefit of the Lenders or Lender-Related Persons, as applicable, with respect to the Lender Hedging Obligations). On the Term Loan B Maturity Date, all Obligations, to the extent not already due and payable, immediately shall become due and payable without notice or demand (including (a) either (i) providing cash collateral to be held by Administrative Agent in an amount equal to 105% of the then extant Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Administrative Agent marked “terminated” by the beneficiary thereof, and (b) providing cash collateral to be held by Administrative Agent for the benefit of the Lenders or Lender-Related Persons, as applicable, with respect to the Lender Hedging Obligations). No termination of the Commitments however, shall relieve or discharge Borrower of Borrower’s duties, Obligations, or covenants hereunder or under the other Loan Documents, and the Administrative Agent’s Liens in the Collateral, for the benefit of the Lender Group, shall remain in effect until all Obligations have been fully and finally discharged and the Administrative Agent and the Lender Group’s obligations to ...

Term of Commitments. Subject to each Lender's right to cease making Revolver Loans to Borrower when any Default exists or upon the Commitment Termination Date, the Commitments shall be in effect for the DIP Term. The DIP Term may be extended by written agreement among Borrower, Agent and Lenders without further notice or hearing or order by the Court.

Term of Commitments a) Except where specified to the contrary, the commitments described in Paragraphs 1 through 6 above will have a term of five years, measured from March 26, 2001 (the "Effective Date"). b) As to the programming and financing commitments described in Paragraphs 1 and 2 above (the "Programming Commitments"), six months prior to the end of the five year period, Odyssey will negotiate in good faith with NICC regarding continuation of these Programming Commitments. If, at the end of the negotiations, the parties have not reached agreement and Odyssey is not willing to continue the Programming Commitments at the same levels, NICC may compel Odyssey's parent company, Crown Media Holdings, Inc. ("Crown"), to buy all of NICC's outstanding shares of Crown at their then-current market value, by written notice given no later than 60 days following the end of the five year period. The market value of the shares will be calculated based on the average share price during the 30 day period prior to and following the date of notice. c) In the event NICC sells more than 50% of its shares of Crown Media Holdings, Inc. Class A common stock which it owns as of the date hereof, the commitments described in Paragraphs 1, 2, 4 and 5 above will cease at the end of the then-current broadcast season (approximately August 31st). Odyssey may terminate its commitment to provide management services for the digital channel, described in Paragraph 3, at any time after NICC sells 50% or more of its Crown interest, on one year's written notice. d) In the event there is a change of control of Crown, Crown will require the buyer of the controlling interest to assume the commitments in Paragraphs 1 through 6 for the remainder of three year period measured from the Effective Date and will use reasonable efforts to convince the buyer to accept the commitments for the remainder of the five year period, measured from the Effective Date. If the buyer does not agree to accept all such commitments for the remainder of the five year period, the buyer will be required, if NICC so elects, to buy the shares of Crown stock held by NICC at their then current market value, in the manner described in Paragraph 7(b) above. If the foregoing accurately sets out the terms we have agreed upon, please confirm your agreement to this amendment by countersigning where provided below. Odyssey Holdings, L.L.C. By /s/ MARG▇▇▇▇ ▇. ▇▇▇▇▇▇ -------------------------------------- President and CEO 3-29-01 Accepted and Agreed...

Term of Commitments. (a) This Agreement shall become effective upon the execution and delivery hereof by Borrower and the Lender Group. The Commitments shall terminate on the Maturity Date. (b) The Lender Group, upon the election of the Required Lenders, shall have the right to terminate its obligations under this Agreement immediately and without notice upon the occurrence and during the continuation of an Event of Default.

Term of Commitments. Subject to each Lender's right to cease making ------------------- Revolver Loans to Borrower when any Default or Event of Default exists or upon the Commitment Termination Date, the Commitments shall be in effect for the DIP Term. The DIP Term may be extended by written agreement among Borrower, Agent and Lenders without further notice or hearing or order by the Court.