Common use of Termination of Defaulting Lender Clause in Contracts

Termination of Defaulting Lender. The Company may terminate the Unused Revolving Credit Commitment of any Lender that is a Defaulting Lender upon prior notice of not less than one Business Day to the Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.19(a) shall apply to all amounts thereafter paid by any Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, facility fees, or other amounts), provided that (i) no Event of Default shall have occurred and be continuing and (ii) such termination shall not be deemed to be a waiver or release of any claim any Borrower, the Agent or any Lender may have against such Defaulting Lender.

Termination of Defaulting Lender. The Company Borrower may terminate the Unused Revolving Credit Commitment of any Lender that is a Defaulting Lender upon prior notice of not less than one Business Day to the Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.19(a2.19(e) shall apply to all amounts thereafter paid by any the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, facility fees, fees or other amounts), provided that (i) no Event of Default shall have occurred and be continuing and (ii) such termination shall not be deemed to be a waiver or release of any claim any the Borrower, the Agent or any Lender may have against such Defaulting Lender.

Termination of Defaulting Lender. The Company Holdings may terminate the Unused Revolving Credit unused amount of the Commitment of any Lender that is a Defaulting Lender upon prior notice of not less than one Business Day five (5) Banking Days’ prior notice to the Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.19(a4.2(a)(ii) shall will apply to all amounts thereafter paid by any Borrower the Borrowers for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, facility fees, indemnity or other amounts), ; provided that (i) no Event of Default shall have occurred and be continuing and (ii) such termination shall not be deemed to be a waiver or release of any claim any Borrowerthe Borrowers, the Agent or any Lender may have against such Defaulting Lender.

Termination of Defaulting Lender. The Company Borrowers may terminate the Unused Revolving Credit unused amount of the Commitment of any Lender that is a Defaulting Lender upon prior notice of not less than one five (5) Business Day Days’ prior notice to the Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.19(a) shall 4.2.2 will apply to all amounts thereafter paid by any Borrower the Borrowers for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, facility fees, indemnity or other amounts), ; provided that (i) no Event of Default shall have occurred and be continuing continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim any Borrowerthe Borrowers, the Agent Agent, any Issuing Bank, or any Lender may have against such Defaulting Lender.

Termination of Defaulting Lender. The Company may terminate the Unused Revolving Credit Commitment of any Lender that is a Defaulting Lender upon prior notice of not less than one Business Day to the Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.19(a) shall apply to all amounts thereafter paid by any Borrower the Company for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, facility fees, fees or other amounts), provided that (i) no Event of Default shall have occurred and be continuing and (ii) such termination shall not be deemed to be a waiver or release of any claim any Borrowerthe Company, the Agent or any Lender may have against such Defaulting Lender.