Common use of Termination of Term Commitments Clause in Contracts

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.

Appears in 4 contracts

Sources: Credit Agreement (Echo Pharma Acquisition LTD), Credit Agreement (Echo Pharma Acquisition LTD), Credit Agreement (Echo Pharma Acquisition LTD)

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]difamade.

Appears in 2 contracts

Sources: Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD), Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD)