Common use of Cancellation of Commitments Clause in Contracts

Cancellation of Commitments. Upon the occurrence of an Event of Default described in Section 17.1.10, the Commitments shall be deemed canceled without presentment, demand or notice of any kind. Upon any other Event of Default, and at any time thereafter, Lender may cancel the Commitments. Such cancellation may be without demand or notice of any kind, which Borrower expressly waives.

Cancellation of Commitments. Upon the occurrence of an Event of Default described in Section 17.1.1018.1.10, the Commitments shall be deemed canceled without presentment, demand or notice of any kind. Upon any other Event of Default, and at any time thereafterthereafter (unless such Event of Default has been waived by Lender or Lender has accepted a tendered complete cure thereof), Lender may cancel the Commitments. Such cancellation may be without demand or notice of any kind, which Borrower expressly waives.

Cancellation of Commitments. Upon the occurrence of an Event of Default described in Section 17.1.1016.1.8, the Commitments shall be deemed canceled without presentment, demand or notice of any kind. Upon any other Event of Default, and at any time thereafter, Lender may cancel the Commitments. Such cancellation may be without demand or notice of any kind, which Borrower expressly waives.