Common use of Action on Termination Clause in Contracts

Action on Termination. It is agreed that (a) upon receipt of notice of termination, no further loans shall be made hereunder by BBH&Co. and (b) BBH&Co. shall, within a reasonable time after termination of this Agreement, terminate any and all outstanding loans. The provisions hereof shall continue in full force and effect in all other respects until all loans have been terminated and all obligations satisfied as herein provided.

Action on Termination. It is agreed that (a) upon receipt of notice of termination, no further loans shall be made hereunder by BBH&Co. BBH&CO and (b) BBH&Co. BBH&CO shall, within a reasonable time after termination of this Agreement, terminate any and all outstanding loans. The provisions hereof shall continue in full force and effect in all other respects until all loans have been terminated and all obligations satisfied as herein provided.

Action on Termination. It is agreed that (a) upon receipt of After notice of termination, no further loans shall be made hereunder termination is given or received by BBH&Co. and (b) subject to the satisfaction of the Fund’s obligations, BBH&Co. shall, within a shall not make any further Loans and shall promptly take commercially reasonable time after termination of this Agreement, actions to terminate any and all Loans then outstanding loansin accordance with the provisions hereof. The provisions hereof hereof, including BBH&Co.’s obligations under Section 8 and Section 13, shall continue in full force and effect in all other respects until all loans Loans have been terminated and all obligations satisfied as herein provided.