Termination of Commitment definition

Termination of Commitment. The commitment hereunder shall terminate on June 30, 1999 unless a definitive credit agreement in form and substance satisfactory to the DIP Agent and related documentation (the "DIP Credit Documentation") have been entered into and the conditions to initial Loans and Letters of Credit set forth therein have been satisfied on or prior to such date (the date on which the DIP Credit Documentation is executed and such conditions are satisfied, the "Closing Date").
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Termination of Commitment. This commitment will terminate if the first delivery of Equipment is not completed and funded on or before May 31, 1997. The final delivery of Equipment shall not be later than June 30, 1998.
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Termination of Commitment. This commitment will terminate if the first delivery of Equipment and funding is not completed on or before May 15, 1997. Loan Term Commencement: Upon making each Loan, which will occur upon delivery of the Equipment or upon each completion of deliveries of items of Equipment with aggregate cost of not less than $50,000, and shall be no later than June 30, 1998. Term: From each Loan Term Commencement until 48 months from the first day of the month next following or coincident with that Loan Term Commencement.
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Examples of Termination of Commitment in a sentence

  • No Cancellation or Termination of Commitment....................................

  • Events of Default and Acceleration §12.2. Termination of Commitment §12.3. Remedies §13.

  • Voluntary Termination of Commitment or Reduction of Purchase Limit .

  • Mandatory Prepayments and Termination of Commitment.....................

  • Termination of Commitment; Acceleration...............42 SECTION 8.03.

  • Termination of Commitment; Acceleration...............................................

  • Voluntary Termination of Commitment or Reduction of Purchase Limit........................................

  • Mandatory Termination of Commitment.....................................................

  • Termination of Commitment of a Lender; New Lenders 35 Section 9.02.

  • Termination of Commitment of a Bank; New Banks...................................48 SECTION 9.02.

Related to Termination of Commitment

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.