Termination of Commitments. If any one or more Events of Default specified in §13.1(g) or §13.1(h) shall occur, any unused portion of the Commitments hereunder shall forthwith terminate and the Lenders shall be relieved of all obligations to make Loans to the Borrowers. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, and upon the request of the Required Lenders shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit hereunder shall relieve any Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instruments.
Appears in 3 contracts
Sources: Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc), Revolving Credit and Term Loan Agreement (Sovran Acquisition LTD Partnership), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §§ 13.1(g) or §§ 13.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent maymay and, and upon the request of the Required Lenders Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Term Loans. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 3 contracts
Sources: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g12.1(g) or §13.1(h12.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent maymay and, and upon the request of the Required Lenders Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 2 contracts
Sources: Credit Agreement (Safety Insurance Group Inc), Revolving Credit Agreement (Safety Insurance Group Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 14.1(h) or §13.1(hSection 14.1(i) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the BorrowersBorrower and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1Agent may and, the Administrative Agent may, and upon the request of the Required Lenders Majority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Restaurant Co), Revolving Credit Agreement (Perkins Finance Corp)
Termination of Commitments. If any one or more Events of Default specified in §13.1(g§ 12.1(h) or §13.1(h§ 12.1(i) shall occur, any unused portion of the Commitments hereunder shall forthwith terminate and the Lenders shall be relieved of all obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not Agent, at the Lenders shall have accelerated the maturity direction of the Loans pursuant to §13.1Majority Lenders, the Administrative Agent may, and upon the request of the Required Lenders shall, may by notice to the Borrowers, Borrower terminate the unused portion of the credit hereunder, Commitments hereunder and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders any Lender arising under other agreements or instruments.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Sl Green Realty Corp), Credit and Guaranty Agreement (Sl Green Realty Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(g) or §13.1(hSection 12.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the BorrowersBorrower and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1Agent may and, the Administrative Agent may, and upon the request of the Required Lenders Majority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Stride Rite Corp), Multicurrency Revolving Credit Agreement (Rogers Corp)
Termination of Commitments. If any one or more Events of Default specified in §13.1(g12.1(g) or §13.1(h12.1(h) shall occur, any unused portion of the Commitments hereunder hereunder, shall forthwith terminate and the Lenders shall be relieved of all obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated Agent, upon the maturity election of the Loans pursuant to §13.1Majority Lenders, the Administrative Agent may, and upon the request of the Required Lenders shall, may by notice to the Borrowers, Borrower terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit such Lender’s Commitment hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders such Lender arising under other agreements or instruments.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Amerivest Properties Inc), Unsecured Revolving Credit Agreement (Amerivest Properties Inc)
Termination of Commitments. If any one or more Events an Event of Default specified in §Section 13.1(g) or §13.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, and upon the request of the Required Majority Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 2 contracts
Sources: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (Seacastle Inc.)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g§12.1(g) or §13.1(h12.1(h) hereof shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent maymay and, and upon the request of the Required Lenders Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 2 contracts
Sources: Credit Agreement (Staples Inc), Credit Agreement (Staples Inc)
Termination of Commitments. If any one or more Events an Event of Default specified in §13.1(gSection 12.1(g) or §13.1(h(h) shall occur, any unused portion of the Commitments hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, and and, upon the request of the Required Lenders Majority Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 2 contracts
Sources: Credit Agreement (Textainer Group Holdings LTD), Credit Agreement (Textainer Group Holdings LTD)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gss.14.1(g) or §13.1(hss.
14.1 (h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent maymay and, and upon the request of the Required Lenders Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more Events an Event of Default specified in §Sections 13.1(g) or §13.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, may and upon the request of the Required Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more Events an Event of Default specified in §13.1(g) or §Section 13.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent Loan Servicer may, and upon the request of the Required Majority Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more Events an Event of Default specified in §13.1(g) or §Sections 13.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, may and upon the request of the Required Majority Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any Borrower or any Guarantor the Borrowers of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g12.1(g) or §13.1(h12.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the BorrowersBorrower and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1Agent may and, the Administrative Agent may, and upon the request of the Required Lenders Majority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Sources: Multicurrency Revolving Credit Agreement (Rogers Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 13.1(i) or §13.1(hSection 13.1(j) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not if on any Drawdown Date the Lenders shall have accelerated conditions precedent to the maturity making of the Loans pursuant to §13.1be made on such Drawdown Date are not satisfied, the Administrative Agent may, and upon the request of the Required Lenders Majority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSections 10.1(g) or §13.1(h10.1(h) hereof shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1Agent may and, the Administrative Agent may, and upon the request of the Required Lenders Majority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(g) or §13.1(hSection 12.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and the Lenders Bank shall be relieved of all further obligations to make Revolving Credit Loans to the BorrowersBorrower and to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, and upon the request of the Required Lenders shall, Bank may by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Bank shall be relieved of all further obligations to make LoansRevolving Credit Loans and to issue, extend or renew Letters of Credit. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more Events an Event of Default specified in §13.1(g) or §Sections 13.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, may and upon the request of the Required Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any Borrower or any Guarantor the Borrowers of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more Events Event of Default specified in pursuant to §13.1(g12.1(g) or §13.1(h12.1(h) hereof shall occuroccur with respect to the Borrower or the Guarantor, any unused portion of all the Commitments hereunder shall forthwith terminate and the Lenders Banks shall be relieved of all obligations to make Loans to the Borrowers. If hereunder; or if any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1occur, the Administrative Agent maymay with the consent of the Majority Banks, and upon the request of the Required Lenders Majority Banks shall, by notice to the Borrowers, Borrower terminate all the unused portion of the credit Commitments hereunder, and and, upon such notice being given such unused portion of given, all the credit Commitments hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make LoansLoans hereunder. No such termination of the credit Commitments hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations Obligations to the Lenders arising under other agreements Banks or instrumentsthe Administrative Agent hereunder or elsewhere.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(g) or §13.1(hSection 12.1(h)) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1Agent may and, the Administrative Agent may, and upon the request of the Required Lenders Majority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans. No such termination of the credit hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Sources: Revolving Credit Agreement (Bridgestreet Accommodations Inc)
Termination of Commitments. If any one or more Events an Event of Default specified in §13.1(g) or §Section 13.1(h) shall occur, any unused portion of the Commitments hereunder shall forthwith terminate automatically terminate, and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower and all amounts outstanding hereunder will automatically and immediately become due and payable. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, may and upon the request of the Required Majority Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately immediately, and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 13.1(m), Section 13.1(n) or §13.1(hSection 13.1(o) shall occur, any unused portion of the Commitments Facility hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans or issue Letters of Credit to or for the Borrowersaccount of the Borrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1Agent, the Administrative Agent may, and upon the request of the Required Lenders Majority Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Facility hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make LoansRevolving Credit Loans or issue Letters of Credit. No such termination of the credit Facility hereunder shall relieve any the Borrower or any Guarantor of its Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Sources: Revolving Credit and Guaranty Agreement (Humphrey Hospitality Trust Inc)
Termination of Commitments. If any one or more Events an Event of Default specified in §13.1(g) or §Sections 13.1(h) shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, may and upon the request of the Required Majority Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans. No such termination of the credit Commitments hereunder shall relieve any the Borrower or any Guarantor of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) Sections 9.7 or §13.1(h) 9.8 shall occur, any unused portion of the Commitments hereunder Loans shall forthwith terminate and the Lenders Bank shall be relieved of all further obligations to make Loans any Advances to the BorrowersBorrower, and the Bank shall be relieved of all further obligations to issue, extend or renew letters of credit. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1, the Administrative Agent may, and upon the request of the Required Lenders shall, Bank may by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunderLoans, and upon such notice being given such unused portion of the credit hereunder Loans shall terminate immediately and each of the Lenders Bank shall be relieved of all further obligations to make Loansany Advances, and the Bank also shall be relieved of all further obligations to issue, extend or renew letters of credit. No such termination of the credit hereunder Loans shall relieve any the Guarantor or the Borrower or any Guarantor of their obligations hereunder and/or under any of the Obligations Notes or any of its existing obligations to the Lenders arising under other agreements or instrumentsRelated Agreements.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of -------------------------- Default specified in §13.1(g(S)13.1(g) or §13.1(h(S)13.1(h) of the Revolver Credit Agreement shall occur, any unused portion of the Commitments credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the BorrowersBorrower. If any other Event of Default shall have occurred and be continuing, whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §13.1Agent may and, the Administrative Agent may, and upon the request of the Required Lenders Majority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans. No such termination of the credit hereunder shall relieve any Holdings, the Borrower or any Guarantor of their Subsidiaries of any of the Obligations or any of its existing obligations to the Lenders arising under other agreements or instrumentsObligations.
Appears in 1 contract
Sources: Acquisition Revolving Credit Agreement (Ameriking Inc)