Common use of Termination of Commitments Clause in Contracts

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 credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrower, 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 termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

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(g) or § §13.1(h) shall occur, any unused portion of the credit Commitments hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the BorrowerBorrowers. 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 andmay, and upon the request of the Required Lenders, Lenders shall, by notice to the BorrowerBorrowers, 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 Borrower or any Guarantor of any of the Borrower Obligations or any of its Subsidiaries of any of existing obligations to the ObligationsLenders 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 an Event of Default specified in § 13.1(gSection 12.1(g) or § 13.1(h(h) shall occur, any unused portion of the credit hereunder Commitments shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may may, and, upon the request of the Required Majority Lenders, shall, by notice to the 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 Term Loans. No termination of the credit Commitments hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

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(g§§12.1(g) or § 13.1(h12.1(h) hereof shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrower, 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 termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 2 contracts

Sources: Credit Agreement (Staples Inc), Credit Agreement (Staples 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 credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Loans to the BorrowerBorrower 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, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the Borrower, 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 Term LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Restaurant Co), Revolving Credit Agreement (Perkins Finance 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 credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Loans to the BorrowerBorrower 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, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the Borrower, 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 Term LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

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 of the 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 credit Commitments hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may andAgent, upon at the request direction of the Required Majority Lenders, shall, may by notice to the Borrower, 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 Term Loans. No termination of the credit Commitments hereunder shall relieve the Borrower of any of the Obligations or any of its Subsidiaries of existing obligations to any of the ObligationsLender arising under other agreements or instruments.

Appears in 2 contracts

Sources: Revolving Secured Credit and Guaranty Agreement (Sl Green Realty Corp), Revolving Secured 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(g§12.1(g) or § 13.1(h§12.1(h) shall occur, any unused portion of the credit hereunder Commitments hereunder, shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may andAgent, upon the request election of the Required Majority Lenders, shall, may by notice to the Borrower, 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 Term Loans. No termination of the credit such Lender’s Commitment hereunder shall relieve the Borrower of any of the Obligations or any of its Subsidiaries of any of the Obligationsexisting obligations to 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 of the Events an Event of Default specified in § Section 13.1(g) or § 13.1(h) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may andmay, and upon the request of the Required Lenders, Majority Lenders shall, by notice to the 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 Term Loans. No termination of the credit Commitments hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

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(h§12.1(h) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrower, 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 termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

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 13.1(i) or § 13.1(hSection 13.1(j) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date the Administrative conditions precedent to the making of the Loans to be made on such Drawdown Date are not satisfied, the Agent may andmay, and upon the request of the Required LendersMajority Banks, shall, by notice to the Borrower, 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 Term Loans. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Credit Agreement (Raytel Medical Corp)

Termination of Commitments. If any one or more of the Events of Default specified in § 13.1(g§12.1(g) or § 13.1(h§12.1(h) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Loans to the BorrowerBorrower 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, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the Borrower, 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 Term LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

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 § Section 13.1(g) or § Section 13.1(h) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Loans to the BorrowerBorrower 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, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the Borrower, 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 Term LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit Agreement (Rollins Truck Leasing 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 credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Revolving Credit Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the Borrower, 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 Term Revolving Credit Loans. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit Agreement (Bridgestreet Accommodations Inc)

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 credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Revolving Credit Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the Borrower, 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 Term Revolving Credit Loans. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit Agreement (Staples Inc)

Termination of Commitments. If any one or more of the Events an Event of Default specified in § 13.1(g) or § Section 13.1(h) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may andLoan Servicer may, and upon the request of the Required Lenders, Majority Lenders shall, by notice to the 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 Term Loans. No termination of the credit Commitments hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Credit Agreement (TAL International Group, Inc.)

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 credit Facility hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Revolving Credit Loans or issue Letters of Credit to or for the account of the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may andAgent, upon the request of the Required Majority Lenders, shall, by notice to the Borrower, 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 Term LoansRevolving Credit Loans or issue Letters of Credit. No termination of the credit Facility hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Humphrey Hospitality Trust Inc)

Termination of Commitments. If any one or more of the Events of Default specified in § 13.1(g§14.1(g) or § 13.1(h§14.1(h) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the BorrowerBorrowers, 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, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowerBorrowers, 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, and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrower or any of its the Borrowers or their Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Dave & Busters Inc)

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 credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Revolving Credit Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the Borrower, 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 Term Revolving Credit Loans. No termination of the credit hereunder shall relieve Holdings, the Borrower or any of its their Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Acquisition Revolving Credit Agreement (Ameriking 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(h§12.1(h) shall occuroccur and be continuing, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date the conditions precedent to the making of the Loans to be made on such Drawdown Date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrower, 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 termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Senior Unsecured Credit Agreement (Barnes Group Inc)

Termination of Commitments. If any one or more of the Events of Default specified in § 13.1(gsection 14.1(g), section 14.1(h) or § 13.1(hsection 14.1(j) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to any of the BorrowerBorrowers. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date the Administrative conditions precedent to the making of the Loans to be made on such Drawdown Date are not satisfied the Agent may and, upon the request of the Required Majority Lenders, shall, by notice to the BorrowerBorrowers, 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 termination of the credit hereunder shall relieve the Borrower or any of its the Borrowers or their Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Credit Agreement (Ict Group Inc)

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 credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, upon the request of the Required LendersBanks, shall, by notice to the Borrower, 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 Term Loans. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit Agreement (Hvide Marine Inc)

Termination of Commitments. If any one or more of the Events an Event of Default specified in § 13.1(g) or § Sections 13.1(h) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, and upon the request of the Required Lenders, Lenders shall, by notice to the 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 Term Loans. No termination of the credit Commitments hereunder shall relieve the Borrower or any of its Subsidiaries Borrowers of any of the Obligations.

Appears in 1 contract

Sources: Credit Agreement (TAL International Group, Inc.)

Termination of Commitments. If any one or more of the Events Event of Default specified in § 13.1(gpursuant to §12.1(g) or § 13.1(h12.1(h) hereof shall occuroccur with respect to the Borrower or the Guarantor, any unused portion of all the credit Commitments hereunder shall forthwith terminate and each the Banks shall be relieved of all obligations to make Loans hereunder; or if any other Event of Default shall occur, the Administrative Agent may with the consent of the Lenders Majority Banks, and upon the request of the Majority Banks shall, by notice to the Borrower terminate all the Commitments hereunder, and, upon such notice being given, all the Commitments hereunder shall terminate immediately and the Banks shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrower, 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 termination of the credit Commitments hereunder shall relieve the Borrower or of any of its Subsidiaries of any of existing Obligations to the ObligationsBanks or the Administrative Agent hereunder or elsewhere.

Appears in 1 contract

Sources: Term Credit Agreement (Waste Management Inc)

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 credit hereunder shall forthwith terminate and each of the Lenders Bank shall be relieved of all further obligations to make Term Revolving Credit Loans to the BorrowerBorrower and to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, the Administrative Agent Bank may and, upon the request of the Required Lenders, shall, by notice to the Borrower, 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 Term LoansRevolving Credit Loans and to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit Agreement (Helix Technology Corp)

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 credit hereunder Loans shall forthwith terminate and each of the Lenders Bank shall be relieved of all further obligations to make Term Loans any Advances to the Borrower, 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, the Administrative Agent Bank may and, upon the request of the Required Lenders, shall, by notice to the Borrower, 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 Term Loansany Advances, and the Bank also shall be relieved of all further obligations to issue, extend or renew letters of credit. No termination of the credit hereunder Loans shall relieve the Guarantor or the Borrower or any of its Subsidiaries of their obligations hereunder and/or under any of the ObligationsNotes or other Related Agreements.

Appears in 1 contract

Sources: Credit Agreement (Able Laboratories Inc)

Termination of Commitments. If any one or more of the Events an Event of Default specified in § 13.1(g) or § Sections 13.1(h) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Term Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Administrative Agent may and, and upon the request of the Required Lenders, Majority Lenders shall, by notice to the 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 Term Loans. No termination of the credit Commitments hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Credit Agreement (TAL International Group, Inc.)

Termination of Commitments. If any one or more of the Events of Default specified in § 13.1(g14.1(h) or § 13.1(h14.1(i) shall occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Loans to the BorrowerCompany 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, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowerCompany, 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 Term LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrower Company or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit Agreement (Hasbro Inc)

Termination of Commitments. If any one or more of the Events an Event of Default specified in § 13.1(g) or § Section 13.1(h) shall occur, any unused portion of the credit Commitments hereunder shall forthwith terminate automatically terminate, and each of the Lenders shall be relieved of all further obligations to make Term Loans to the BorrowerBorrower 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, the Administrative Agent may and, and upon the request of the Required Lenders, Majority Lenders shall, by notice to the 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 immediately, and each of the Lenders shall be relieved of all further obligations to make Term Loans. No termination of the credit Commitments hereunder shall relieve the Borrower or any of its Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Credit Agreement (TAL International Group, Inc.)

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 credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Term Loans to the BorrowerBorrowers 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, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowerBorrowers, 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 Term LoansLoans and the Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrower any Obligor or any of its their Subsidiaries of any of the Obligations.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Morgan Group Inc)