Common use of RCF Termination Election Clause in Contracts

RCF Termination Election. If the Borrower makes an RCF Termination Election, then on the Specified Change of Control Date (i) the Revolving Commitments shall automatically terminate and all outstanding Loans (together with accrued interest thereon), and all other amounts owing under this Agreement and the other Loan Documents, shall become due and payable on the Specified Change of Control Date and (ii) except for those provisions expressly stated to survive termination of this Agreement, this Agreement shall terminate with immediate effect, without delivery of any instrument or performance of any act by any Person.

Appears in 2 contracts

Sources: Secured Revolving Credit Agreement (T-Mobile US, Inc.), Unsecured Revolving Credit Agreement (T-Mobile US, Inc.)