Common use of Optional Termination of Commitment Clause in Contracts

Optional Termination of Commitment. Following the occurrence of a Change in Control, the Requisite Banks may in their sole and absolute discretion elect, during the sixty day period immediately subsequent to the later of (a) such occurrence and (b) the earlier of (i) receipt of Borrower's written notice to the Administrative Agent of such occurrence and (ii) if no such notice has been received by the Administra- tive Agent, the date upon which the Administrative Agent and the Banks have actual knowledge thereof, to terminate the Commitment. In any such case the Commitment shall be terminated effective on the date which is sixty days subsequent to the date of written notice from the Administrative Agent to Borrower thereof, and (i) to the extent that there is then any Indebtedness evidenced by the Notes, the same shall be immediately due and payable, and (ii) to the extent that any Letters of Credit are then outstanding, Borrower shall provide cash collateral for the same.

Optional Termination of Commitment. Following the occurrence of a Change in Control, the Requisite Banks Lenders may in their sole and absolute discretion elect, during the sixty day period immediately subsequent to the later of LATER OF (a) such occurrence and (b) the earlier of (i) receipt of Borrower's Borrowers' written notice to the Administrative Agent of such occurrence and (ii) if no such notice has been received by the Administra- tive Administrative Agent, the date upon which the Administrative Agent and the Banks Lenders have actual knowledge thereof, to terminate the Commitment. In any such case the Commitment shall be terminated effective on the date which is sixty days subsequent to the date of written notice from the Administrative Agent to Borrower Borrowers thereof, and (i) to the extent that there is are then any Indebtedness evidenced by the NotesObligations outstanding, the same shall be immediately due and payable, and (ii) to the extent that any Letters of Credit are then outstanding, Borrower Borrowers shall provide cash collateral for the same.

Optional Termination of Commitment. Following the occurrence of a Change in Control, the Requisite Banks Lenders may in their sole and absolute discretion elect, during the sixty day period immediately subsequent to the later of (a) such occurrence and (b) the earlier of (i) receipt of Borrower's written notice to the Administrative Agent of such occurrence and (ii) if no such notice has been received by the Administra- tive Administrative Agent, the date upon which the Administrative Agent and the Banks Lenders have actual knowledge thereof, to terminate the Commitment. In any such case the Commitment shall be terminated effective on the date which is sixty days subsequent to the date of written notice from the Administrative Agent to Borrower thereof, and (i) to the extent that there is then any Indebtedness evidenced by the Notes, the same shall be immediately due and payable, and (ii) to the extent that any Letters of Credit are then outstanding, Borrower shall provide cash collateral for the samesame in an amount equal to the aggregate amount of all Letters of Credit then outstanding.

Optional Termination of Commitment. Following the occurrence of a Change in Control, the Requisite Banks may in their sole and absolute discretion elect, during the sixty day period immediately subsequent to the later of (a) such occurrence and (b) the earlier of (i) receipt of Borrower's written notice to the Administrative Agent of such occurrence and (ii) if no such notice has been received by the Administra- tive Administrative Agent, the date upon which the Administrative Agent and the Banks have actual knowledge thereof, to terminate the Commitment. In any such case the Commitment shall be terminated effective on the date which is sixty days subsequent to the date of written notice from the Administrative Agent to Borrower thereof, and (i) to the extent that there is then any Indebtedness evidenced by the Notes, the same shall be immediately due and payable, and (ii) to the extent that any Letters of Credit are then outstanding, Borrower shall provide cash collateral for the same.