Consequences of Termination Event. D11.1 If a Termination Event occurs, the Client agrees that UOBKH shall be similarly entitled to exercise any or all of the rights available to it upon the occurrence of a Default under Clause A9.1 of this Agreement.
Consequences of Termination Event. Upon the occurrence of a Termination Event under Section 9.1, Fxxxxxx Mac shall be entitled at its sole and exclusive option, to terminate its obligations to issue Commitments; it being understood and agreed that if a Termination Event shall also constitute a default or event of default by Borrower under any Loan Document, then the provisions of this Section 9.2 shall not be deemed to preclude Fxxxxxx Mac from exercising all of its rights and remedies provided for under such applicable Loan Document. Notwithstanding the foregoing, Fxxxxxx Mac also shall be entitled at its option not to terminate its obligations to issue Commitments and to elect to modify the terms set forth in this Agreement under which Fxxxxxx Mac will agree to issue additional Commitments under this Agreement.
Consequences of Termination Event. This paragraph is subject to any netting agreement which we may enter into with you (such as the United Kingdom Futures and Options Association Master Netting Agreement) so that any transaction falling within the scope of that netting agreement shall be dealt with as provided in that agreement and not as provided in these Terms of Business (and in case of inconsistency with these Terms of Business, that netting agreement shall prevail).
Consequences of Termination Event. (a) Within the Termination Event Call Option Period, the non-Termination Triggering Member or Member Group may (but shall not be required to), in its sole discretion, elect to exercise a call option with respect to all, but not less than all, of the Membership Interests of the Termination Triggering Member or Member Group (a “Termination Event Call Option”) for a purchase price equal to the Termination Event Purchase Price. To exercise the Termination Event Call Option, the non-Termination Triggering Member or Member Group must deliver a notice of exercise (a “Termination Event Call Option Request”) to the Company and the Termination Triggering Member or Member Group on or before the end of the Termination Event Call Option Period. If the non-Termination Triggering Member or Member Group delivers a timely Termination Event Call Option Request, the Members will determine, or cause to be determined, the FMV in accordance with Section 17.08. If the non-Termination Triggering Member or Member Group fails to deliver a Termination Event Call Option Request on or prior to the end of the Termination Event Call Option Period, the right to exercise the Termination Event Call Option will expire. The exercise of a Termination Event Call Option shall be in addition to any damages available at law or in equity.
Consequences of Termination Event. If any Termination Event shall occur and be continuing, then in any such case and at any time thereafter so long as such Termination Event shall be continuing, the Buyer may, at its option, immediately terminate Buyer's obligations to make Incremental Purchases and to accept Renewal Notes hereunder. In addition, upon the occurrence of any Termination Event specified in (c), (d) or (e) of Section 10.01 or a Termination Event arising out of Servicer's or Guarantor's insolvency or involvement in a voluntary or involuntary bankruptcy proceeding, subject to the provisions of Section 11.15, this Agreement shall automatically and immediately terminate. Thereafter, and before exercising any other remedies provided herein or by applicable law, Buyer may, at its option, require that Seller repurchase all Loans and related Property Notes for the Purchase Amount within two 2 Business Days of receipt of notice from the Buyer of its election to cause the repurchase of all Loans. In addition, Buyer may pursue all other rights and remedies available herein and by applicable law including, without limitation, its rights to pursue collection from the Seller in an amount equal to the applicable Purchase Amount.
Consequences of Termination Event. Upon the occurrence of any Termination Event specified in (c), (d), or (e) of Section 9.01 or a Termination Event arising out of GCC's insolvency or involvement in a voluntary or involuntary bankruptcy proceeding, subject to the provisions of Section 10.13, this Agreement shall automatically and immediately terminate. If any Termination Event shall occur and be continuing, then in any such case and at any time thereafter so long as any such Termination Event shall be continuing, the Buyer may, at its option, immediately terminate the Buyer's commitment to make any Incremental Purchases hereunder. Thereafter, and before exercising any other remedies provided herein or by applicable law, Buyer may, at its option, require Seller to, and Seller shall, repurchase all Loans and related Property for the Repurchase Amount within ten (10) Business Days after receipt of notice from the Buyer of its election to cause such repurchase of all Loans. In addition, Buyer may pursue all other rights and remedies available herein and by applicable law including, without limitation, its rights to pursue collection from the Seller in an amount equal to the Repurchase Amount.
Consequences of Termination Event. If any Termination Event shall occur and be continuing, then in any such case and at any time thereafter so long as any such Termination Event shall be continuing, Buyer may, at its option, immediately terminate Buyer's commitment to accept Renewal Notes and to make any Incremental Purchases hereunder. In addition, upon the occurrence of any Termination Event specified in (c), (d) or (e) of Section 8.01, subject to the provisions of Section 9.13, this Agreement shall automatically and immediately terminate. Thereafter, and before exercising any other remedies provided herein or by applicable law, Buyer may, at its option, require that Seller repurchase all Loans and related Property Notes for the Repurchase Amount within two (2) Business Days of receipt of notice from Buyer of its election to cause the repurchase of all Loans. In addition, Buyer may pursue all other rights and remedies available herein and by applicable law including, without limitation, its rights to pursue collection from Seller in an amount equal to the applicable Repurchase Amount.
Consequences of Termination Event. Upon the occurrence of a --------------------------------- Termination Event:
Consequences of Termination Event. Upon the election of the electing Member to treat any of the events set forth in Section 9.3 as a Termination Event, such Member (the “Electing Member”) shall have the right and option, in its sole and absolute discretion, by written notice to the other Member (the “Other Member”), to either:
Consequences of Termination Event. Upon the occurrence of any Termination Event specified in (c), (d), or (e) of Section 9.01 or a Termination Event arising out of GCC's insolvency or involvement in a voluntary or involuntary bankruptcy proceeding, subject to the provisions of Section 10.13, this Agreement shall automatically and immediately terminate. If any Termination Event shall occur and be continuing, then in any such case and at any time thereafter so long as any such Termination Event shall be continuing, the Buyer may, at its option, immediately terminate the Buyer's commitment to make any Incremental Purchases hereunder. If any Termination Event under Section 9.01(k) shall occur, then at any time thereafter the Buyer shall have the right, exercisable in its sole discretion, immediately to terminate this Agreement. Thereafter, and before exercising any other remedies provided herein or by applicable law, Buyer may, with respect to Loans purchased by Buyer hereunder on or after January 1, 1997, at its option, require Seller to, and Seller shall, repurchase all Loans and related Property for the Repurchase Amount within ten (10) Business Days after receipt of notice from the Buyer of its election to cause such repurchase of all Loans. In addition, Buyer may pursue all other rights and remedies available herein and by applicable law including, without limitation, its rights to pursue collection from the Seller in an amount equal to the Repurchase Amount.
