Common use of Effect of Maturity Clause in Contracts

Effect of Maturity. On the Maturity Date, all of the Obligations immediately shall become due and payable without notice or demand and Borrower shall be required to repay all of the Obligations (other than contingent obligations in respect of which no claim has been made) in full. No termination of the obligations of the Lender Group (other than payment in full of the Obligations and termination of the Commitments set forth in Schedule C-1) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations (other than contingent obligations in respect of which no claim has been made) have been paid in full. When all of the Obligations (other than contingent obligations in respect of which no claim has been made) have been paid in full, Agents will, at Borrower’s sole expense, execute and deliver any termination statements (or, alternatively, upon Borrower’s request, at Borrower’s sole expense, authorize the Loan Parties to file termination statements), lien releases, discharges of security interests, and other similar discharge or release documents (including, but not limited to, any satisfactions of Mortgages) (and, if applicable, in recordable form) as are reasonably necessary or requested by Borrower to release, as of record, Agent’s Liens and all notices of security interests and liens previously filed by Agents with respect to the Obligations.

Effect of Maturity. On the Maturity DateDate or, if earlier, the date that the Commitments are terminated whether pursuant to Section 2.4(c) or otherwise, all Commitments of the Lender Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations (other than (a) Bank Product Obligations (other than Hedge Obligations) that, at such time, are allowed by the applicable Bank Product Provider to remain outstanding without being required to be repaid or cash collateralized, and (b) any Hedge Obligations that, at such time, are allowed by the applicable hedging counterparty to remain outstanding without being required to be repaid) immediately shall become due and payable without notice or demand and Borrower Borrowers shall be required to repay all of the Obligations (other than contingent obligations Hedge Obligations and Bank Product Obligations as set forth in respect of which no claim has been madethis Section 3.4) in full. No termination of the obligations of the Lender Group (other than payment in full of the Obligations and termination of the Commitments set forth in Schedule C-1Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations (other than contingent obligations in respect of which no claim has been made) have been paid in fullfull and the Commitments have been terminated. When all of the Obligations (other than contingent obligations in respect of which no claim has been made) have been paid in fullfull and the Lender Group’s obligations to provide additional credit under the Loan Documents have been terminated irrevocably, Agents Agent will, at Borrower’s Borrowers’ sole expense, execute and deliver any termination statements (or, alternatively, upon Borrower’s request, at Borrower’s sole expense, authorize the Loan Parties to file termination statements), lien releases, discharges of security interests, and other similar discharge or release documents (including, but not limited to, any satisfactions of Mortgages) (and, if applicable, in recordable form) as are reasonably necessary or requested by Borrower to release, as of record, Agent’s Liens and all notices of security interests and liens previously filed by Agents with respect to the ObligationsAgent.

Effect of Maturity. On the Maturity Date, all commitments of the Lender Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations (other than Hedge Obligations, Bank Product Obligations not yet due and payable and contingent indemnification and reimbursement Obligations for which no claim has been made in accordance with the Loan Documents (collectively, “Contingent Surviving Obligations”)) immediately shall become due and payable without notice or demand and Borrower Borrowers shall be required to repay all of the Obligations (other than contingent obligations in respect of which no claim has been madeContingent Surviving Obligations) in full. No termination of the obligations of the Lender Group (other than payment in full of the Obligations (other than Contingent Surviving Obligations) and termination of the Commitments set forth in Schedule C-1Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations (other than contingent obligations in respect of which no claim has been madeContingent Surviving Obligations) have been paid in full. When all of the Obligations (other than contingent obligations in respect of which no claim has been madeContingent Surviving Obligations) have been paid in full, Agents Agent will, at Borrower’s Borrowers’ sole expense, promptly execute and deliver any termination statements (or, alternatively, upon Borrower’s request, at Borrower’s sole expense, authorize the Loan Parties to file termination statements), lien releases, discharges of security interests, and other similar discharge or release documents (including, but not limited to, any satisfactions of Mortgages) (and, if applicable, in recordable form) as are reasonably necessary or requested by Borrower to release, as of record, Agent’s Liens and all notices of security interests and liens previously filed by Agents with respect to the ObligationsAgent.

Effect of Maturity. On the Maturity Date, all commitments of the Lender Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations (other than Hedge Obligations) immediately shall become due and payable without notice or demand and Borrower Borrowers shall be required to repay all of the Obligations (other than contingent obligations in respect of which no claim has been madeHedge Obligations) in full. No termination of the obligations of the Lender Group (other than payment in full of the Obligations and termination of the Commitments set forth in Schedule C-1Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations (other than contingent obligations in with respect of to which no claim has been made) have been paid in full. When all of the Obligations have been paid in full (other than contingent obligations in with respect of to which no claim has been made) have been paid in full), Agents Agent will, at Borrower’s Borrowers’ sole expense, execute and deliver any termination statements (or, alternatively, upon Borrower’s request, at Borrower’s sole expense, authorize the Loan Parties to file termination statements), lien releases, discharges of security interests, and other similar discharge or release documents (including, but not limited to, any satisfactions of Mortgages) (and, if applicable, in recordable form) as are reasonably necessary or requested by Borrower to release, as of record, Agent’s Liens and all notices of security interests and liens previously filed by Agents with respect to the ObligationsAgent.