Initial Commitment Termination Date definition
Examples of Initial Commitment Termination Date in a sentence
The Initial Commitment Amount shall automatically and permanently be reduced to zero on the Initial Commitment Termination Date.
The Initial Commitment Amount shall automatically and permanently be reduced to zero on the Initial Commitment Termination Date (immediately after the making of the Initial Loan on such date).
The commitment to make Loans as provided in clauses (i) and (ii) above may be renewed by (x) mutual written agreement between Borrower and Lender designating the Renewal Commitment Termination Date and (y) payment of the related Renewal Commitment Fee by Borrower to Lender on or prior to the Initial Commitment Termination Date.
The initial commitment to make Loans in respect of the Committed Securitizations as provided in clauses (i) and (ii) above shall expire on the Initial Commitment Termination Date.
Any unutilized Commitment not extended shall terminate on the Initial Commitment Termination Date.
If the Initial Commitment Termination Date is extended to the Second Commitment Termination Date in accordance with the terms hereof, thereafter, the Borrower may request the extension of the Second Commitment Termination Date to the date that is three years after the date of this Agreement (the “Third Commitment Termination Date”) by delivering a notice of extension request to the Administrative Agent at least 90 days, but no more than 120 days, before the Second Commitment Termination Date.
The Borrower may request the extension of the Initial Commitment Termination Date to the date that is two years after the date of this Agreement (the “Second Commitment Termination Date”) by delivering a notice of extension request to the Administrative Agent at least 90 days, but no more than 120 days, before the Initial Commitment Termination Date.