Common use of Disaster Out Clause in Contracts

Disaster Out. If prior to the Closing Time there should develop, occur or come into effect or existence any event, action, state, condition or major financial occurrence of national or international consequence or any law or regulation which, in the opinion of any of the Agents, seriously adversely affects, or involves, or will seriously adversely affect, or involve, the financial markets or the business, operations or affairs of the Corporation and its subsidiaries taken as a whole, then such Agent shall be entitled, at its option and in accordance with Section 10(e), to terminate its obligations under this Agreement and the Debenture Documentation by written notice to that effect given to the Corporation at any time at or prior to the Closing Time.

Disaster Out. If prior to the Closing Time there should develop, occur or come into effect or existence any event, action, state, condition or major financial occurrence of national or international consequence or any law or regulation which, in the opinion of any of the Agents, seriously adversely affects, or involves, or will seriously adversely affect, or involve, the financial markets or the business, operations or affairs of the Corporation and its subsidiaries taken as a whole, then such Agent shall be entitled, at its option and in accordance with Section 10(e), to terminate its obligations under this Agreement and the Debenture Documentation by written notice to that effect given to the Corporation at any time at or prior to the Closing Time.

Disaster Out. If If, after the date hereof and prior to the Closing Time Time, there should develop, occur or come into effect or existence any event, action, state, condition or major financial occurrence of national or international consequence or any law or regulation which, in the opinion of any of the Agents, seriously adversely affects, or involves, or will seriously adversely affect, or involve, the financial markets or the business, operations or affairs of the Corporation and its subsidiaries taken as a wholeCorporation, then such Agent shall be entitled, at its option and in accordance with Section 10(e20(f), to terminate its obligations under this Agreement and the Debenture Documentation by written notice to that effect given to the Corporation at any time at or prior to the Closing Time.

Disaster Out. If prior to the Closing Time there should develop, occur or come into effect or existence any event, action, state, condition or major financial occurrence of national or international consequence or any law or regulation which, in the opinion of any of the Agents, seriously adversely affects, or involves, or will seriously adversely affect, or involve, the financial markets or the business, operations or affairs of the Corporation and its subsidiaries taken as a whole, then such Agent shall be entitled, at its option and in accordance with Section 10(e11(f), to terminate its obligations under this Agreement and the Debenture Documentation by written notice to that effect given to the Corporation at any time at or prior to the Closing Time.

Disaster Out. If prior to the Closing Time there should develop, occur or come into effect or existence any event, action, state, condition or major financial occurrence of national or international consequence (including terrorism) or any new law or regulation which, or a change thereof which in the reasonable opinion of any of the AgentsAgent, seriously materially adversely affects, or involves, or will seriously will, materially adversely affect, or involve, the financial markets or the business, operations or affairs of the Corporation and its subsidiaries Subsidiary taken as a whole, then such the Agent shall be entitled, at its option and in accordance with Section 10(e12(e), to terminate its obligations under this Agreement and the Debenture Documentation by written notice to that effect given to the Corporation at any time at or prior to the Closing Time.

Disaster Out. If prior to the Closing Time there should develop, occur or come into effect or existence any event, action, state, condition or major financial occurrence of national or international consequence or any law or regulation which, in the opinion of any of the AgentsUnderwriters, seriously adversely affects, or involves, or will seriously adversely affect, or involve, the financial markets or the business, operations or affairs of the Corporation and its subsidiaries taken as a wholeCorporation, then such Agent Underwriter shall be entitled, at its option and in accordance with Section 10(e18(e), to terminate its obligations under this Agreement and the Debenture Documentation by written notice to that effect given to the Corporation at any time at or prior to the Closing Time.