Common use of Plan Sponsor Termination Events Clause in Contracts

Plan Sponsor Termination Events. This Agreement shall be automatically terminated as to all Parties upon the occurrence and continuation of any of the following events (each, a “Plan Sponsor Termination Event”), unless the Plan Sponsor waives such Plan Sponsor Termination Event in writing within 3 business days of the Plan Sponsor’s actual knowledge of the occurrence of such Plan Sponsor Termination Event:

Plan Sponsor Termination Events. This The Plan Sponsor may terminate its obligations and liabilities under this Agreement shall be automatically terminated as upon three (3) Business Days’ prior written notice (in accordance with Section 9.10 hereof) to all Parties upon the Debtors and counsel to the Required Consenting Senior Noteholders of the occurrence and continuation of any of the following events (each, a “Plan Sponsor Termination Event”), unless the Plan Sponsor waives such Plan Sponsor Termination Event in writing within 3 business days of the Plan Sponsor’s actual knowledge of the occurrence of such Plan Sponsor Termination Event:):

Plan Sponsor Termination Events. This The Plan Sponsor shall have the right, but not the obligation, to terminate this Agreement shall be automatically terminated as with respect to all the Plan Sponsor upon delivery of written notice to the other Parties upon at any time after the occurrence and of or during the continuation of any of the following events (each, a “Plan Sponsor Termination Event”)events, unless the Plan Sponsor waives such Plan Sponsor Termination Event waived in writing within 3 business days of on a prospective or retroactive basis by the Plan Sponsor’s actual knowledge of the occurrence of such Plan Sponsor Termination Event: