Terminate Commitments. If any Event of Default shall occur and be continuing, the Agent may, by notice to Borrower, terminate the obligation of the Lenders to fund Loans in respect of the then unfunded portion of the Facility, and, upon such notice being given, such obligation of the Lenders to make any further Loans in respect of the then unfunded portion of the Facility shall terminate immediately and the Lenders shall be relieved of all further obligations to make any Loans to Borrower.
Appears in 3 contracts
Sources: Loan Agreement (Winthrop Realty Trust), Loan Agreement (Winthrop Realty Trust), Loan Agreement (Newkirk Master Lp)