Common use of Agreed Termination Clause in Contracts

Agreed Termination. amend the Intercreditor Agreement by adding the following as a new Clause 4.4A “Agreed Termination”: “Each Obligor shall have the right (but not the obligation) to terminate (in full or in part) any transaction under a Hedging Document with the prior written consent of the relevant Hedging Bank, provided that no Default (or a default under any other senior secured debt) has occurred and is continuing at such time”. In addition, amend Clause 4.4(a) of the Intercreditor Agreement to include a new limb that states “for payments required to be made by an Obligor to a Hedging Bank following the termination of any transaction (in full or in part) under a Hedging Document in accordance with Clause 4.4A”.