Common use of By Notice Clause in Contracts

By Notice. to the Borrower declare the Lenders to be under no further obligation to the Borrower under or pursuant to this Agreement and may (and, on the instructions of the Majority Lenders, will) declare all or any part of the Lender Indebtedness (including such unpaid interest and Commitment Fees as shall have accrued and any Break Costs incurred by the Lender Finance Parties) to be immediately payable, whereupon the Lender Indebtedness (or the part of the Lender Indebtedness referred to in the Agent’s notice) shall immediately become due and payable without any further demand or notice of any kind; and/or