Commitment Termination Date definition
Examples of Commitment Termination Date in a sentence
Fundings of Revolving Collateral Loans and Delayed Drawdown Collateral Loans shall be made using, first, amounts on deposit in the Revolving Reserve Account, then amounts on deposit in the Principal Collection Account and finally, prior to the Revolving Commitment Termination Date, available Borrowings.
The Total Term Commitment (and the Commitment of each Term Lender) shall be automatically reduced to zero at the close of business on the Term Commitment Termination Date.
The Total Revolving Commitment (and the Commitment of each Revolving Lender) shall be automatically reduced to zero at the close of business on the Revolving Commitment Termination Date and, without the need for any further action, each Revolving Advance shall automatically convert to a Term Advance and each Revolving Lender shall automatically be a Term Lender thereafter.
Until the Commitment Termination Date, Borrowers may from time to time borrow, repay and reborrow under this Section 2.1(a).
On the Revolving Commitment Termination Date, the Facility Agent shall amend Schedule 1 hereto to take into account the conversion of the Revolving Percentages to Term Percentages.