Termination of Term Commitments Clause Samples

Termination of Term Commitments. Unless previously terminated, each Lender’s Term Commitment shall automatically and permanently terminate on the Effective Date (after giving effect to the making of the Term Loans on such date).

Termination of Term Commitments. The Term Commitments shall be automatically and permanently reduced to zero on the [date all the Term Borrowings have been made hereunder]difr [Funding Date once all Term Borrowings contemplated to be made hereunder on such date have been made]difa.

Termination of Term Commitments. The aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.

Termination of Term Commitments. Unless previously terminated, all Term Commitments shall terminate on the Closing Date (after giving effect to the incurrence of the Term Loans on such date).

Termination of Term Commitments. Unless previously terminated, each Lender’s (i) Term Commitment shall automatically and permanently terminate on the Effective Date (after giving effect to the making of the Term Loans on such date), (ii) 2018 Refinancing Commitments shall automatically and permanently terminate on the Amendment No. 1 Effective Date (after giving effect to the making of the Term Loans on such date), and (ii) 2021 Refinancing Commitments and 2021 Incremental Commitments shall automatically and permanently terminate on the Amendment No. 2 Effective Date (after giving effect to the making of the Term Loans on such date) and (iii) 2023 Refinancing Commitments shall automatically and permanently terminate on the Amendment No. 3 Effective Date (after giving effect to the making of the Term Loans on such date).

Termination of Term Commitments. The Term Commitment of each Lender shall automatically terminate upon such Lender’s funding of its portion of the Loan, which shall occur no later than the Closing Date.

Termination of Term Commitments. Except as set forth in the second proviso of Section 2.1(a), the Term Commitments shall terminate on the Closing Date upon the making of Term Loans.

Termination of Term Commitments. The Term Commitments shall be (i) automatically and permanently reduced by the Initial Advance Amount on the Closing Date, (ii) automatically and permanently reduced by each Subsequent Advance upon the Borrowing thereof and (iii) to the extent not permanently reduced pursuant to the foregoing clauses (i) and (ii), automatically and permanently terminated on the Maturity Date.

Termination of Term Commitments. All obligations of any of the Banks to lend all or any portion of the Term Loans to the Borrower shall terminate if not drawn by the Term Loan Commitment Termination Date.