Common use of Revolving Period Termination Events Clause in Contracts

Revolving Period Termination Events. The Servicer, as soon as possible and in any event within three (3) Business Days after having actual knowledge of a Revolving Period Termination Event or Unmatured Termination Event, pursuant to Section 8.1 or otherwise, will furnish to the Facility Agent and each Managing Agent a written statement setting forth the details of such event and the action that the Servicer proposes to take with respect thereto.

Revolving Period Termination Events. The Servicer, as soon as possible and in any event within three (3) Business Days after having actual knowledge of a Revolving Period Termination Event or Unmatured Termination Event, pursuant to Section 8.1 8.1(a) or otherwise, will furnish to the Facility Agent and each Managing Agent and Rating Agency a written statement setting forth the details of such event and the action that the Servicer proposes to take with respect thereto.