Common use of Termination of Transactions Clause in Contracts

Termination of Transactions. If the exercise of the Bank's rights under Clause 9.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment), that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Euroseas Ltd.)

Termination of Transactions. If the exercise of the Bank's ’s rights under Clause 9.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment), that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Euroseas Ltd.)

Termination of Transactions. If the exercise of the Bank's ’s rights under Clause 9.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment), that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower.,

Appears in 1 contract

Sources: Loan Agreement (Euroseas Ltd.)