Common use of Termination and Reduction of the Commitments Clause in Contracts

Termination and Reduction of the Commitments. Scheduled Termination 8.1 Unless previously terminated, the unutilised Commitments shall terminate at the close of business on the Commitment Termination Date.

Appears in 3 contracts

Sources: Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD), Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD), Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD)

Termination and Reduction of the Commitments. Scheduled TerminationSCHEDULED TERMINATION 8.1 Unless previously terminated, the unutilised Commitments shall terminate at the close of business on the Commitment Termination Date.

Appears in 1 contract

Sources: Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD)