Common use of CESSATION OF ADVANCES Clause in Contracts

CESSATION OF ADVANCES. Immediately terminate Lender’s obligations under this Agreement to extend credit of any kind or to make any disbursement, whereupon the commitment and obligation of Lender to extend credit or to make disbursements hereunder shall terminate; or

Appears in 5 contracts

Samples: Loan Agreement (Peak Resorts Inc), Loan Agreement (Peak Resorts Inc), Loan Agreement (Peak Resorts Inc)

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CESSATION OF ADVANCES. Immediately terminate Lender’s obligations under this Agreement to extend credit of any kind or to make any disbursement, whereupon the commitment and obligation of Lender Lender, to extend credit or to make disbursements hereunder shall terminate; or

Appears in 1 contract

Samples: Loan Agreement (Peak Resorts Inc)

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