Common use of Termination of the Commitment Clause in Contracts

Termination of the Commitment. Immediately after the initial Borrowing, the unused portion, if any, of the Commitment shall terminate. At 5:00 p.m., New York City time, on the Commitment Termination Date, the unused portion, if any, of the Commitment shall terminate.

Appears in 2 contracts

Sources: Term Loan Agreement, Term Loan Agreement (Weyerhaeuser Co)