Commitment Termination
Each Commitment Party’s commitment and the other obligations set forth in this Commitment Letter will terminate on the earlier of (A) July 6, 2012 and (B) the date the Loan Documents become effective (such earlier date, the “ Termination Date ”) unless each Commitment Party shall, in its discretion, agree to an extension in writing. Before such date, (i) each Commitment Party may terminate its commitment and other obligations hereunder if any event occurs or information becomes available that, in its reasonable judgment, results in, or is likely to result in, the failure to satisfy the condition set forth in Section 1(d) or 1(f) (insofar as Section 1(f) applies to compliance with the provisions of Section 3 hereof) and (ii) the Borrower may terminate this agreement upon written notice to each Commitment Party.
Once loan docs are signed we will be getting news regarding the financing of the new debt. Huge news.
CHOOOOCHOOOOOO
Buy and Sell at your own Risk, Everything I post is based on my opinion only.
