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Common use of Termination or Reduction of Commitment Clause in Contracts

Termination or Reduction of Commitment. Unless earlier terminated pursuant to Article 7, the Commitments shall terminate upon the funding of the Loans to which such Commitments relate.

Appears in 6 contracts

Sources: Term Loan Amendment, Term Loan and Guaranty Agreement (Tower International, Inc.), Term Loan Amendment (Tower International, Inc.)

Related Clauses

  • Termination or Reduction of Commitments
  • Voluntary Termination or Reduction of Commitments
  • Optional Termination or Reduction of Commitments
  • Termination or Reduction of Revolving Commitments
  • Termination or Reduction of the Commitments

Parent Clauses

  • The Commitment and Credit Extensions
  • Amount and Terms of Commitment
  • Miscellaneous
  • Advances Bank Loans
  • Loans

Sub-Clauses

  • Optional
  • Termination by Lenders
  • Default Interest
  • Mandatory
  • Application of Commitment Reductions
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