Commitment Ending Date definition
Examples of Commitment Ending Date in a sentence
All Letters of Credit must expire not later than the Business Day preceding the Revolving Commitment Ending Date.
In the case of any such extension, the "Commitment Ending Date" shall be the last day of the period to which such extension has been granted.
All Letters of Credit must expire not later than the Banking Day preceding the Revolving Commitment Ending Date.
In the event that Customer terminates this Agreement prior to the Commitment Ending Date, WorldCom may debit Customer's account in the amount of such Installation Waivers.
The Bank shall be under no obligation or commitment to extend the Commitment Ending Date, and no such obligation or commitment on the part of the Bank should be inferred from the provisions of this Section.
Except as set out on Exhibit 4.8 attached hereto, the Borrower does not have knowledge that it or its property or any Subsidiary or the property of any Subsidiary will become subject to environmental laws or regulations during the term of this Agreement, compliance with which could reasonably be expected to require capital expenditures to be made prior to the Revolving Commitment Ending Date which would be reasonably expected to have a Material Adverse Effect.
Section 2.11 of the Credit Agreement is amended by amending the second sentence thereof to read in its entirety as follows: All Letters of Credit must expire not later than one year from the date of issuance (subject to renewal), provided that at any time, the Borrowers may have outstanding Letters of Credit expiring not later than 30 days prior to the Revolving Commitment Ending Date with the aggregate maximum amount available to be drawn on such Letters of Credit not exceeding $25,000,000.
Except as set out on Exhibit 4.7 attached hereto, the Borrower does not have knowledge that it or its property or any Subsidiary or the property of any Subsidiary will become subject to environmental laws or regulations during the term of this Agreement, compliance with which could reasonably be expected to require capital expenditures to be made prior to the Revolving Commitment Ending Date which would be reasonably expected to have a Material Adverse Effect.
Upon the terms and subject to the conditions of this Agreement, the Bank agrees to issue Letters of Credit for the account of the Company from time to time between the Closing Date and the Commitment Ending Date in such amounts as the Company shall request up to an aggregate amount at any time outstanding not exceeding $900,000.00; provided that no Letter of Credit will be issued in any amount which, after giving effect to such issuance, would cause Total Outstandings to exceed the Commitment Amount.
In the case of any such extension, the "Revolving Commitment Ending Date" shall be the last day of the period to which such extension has been granted.