Suspension or Termination of Commitment Sample Clauses

Suspension or Termination of Commitment. Upon the occurrence of an Unmatured Event of Default or an Event of Default and so long as such Unmatured Event of Default or Event of Default continues, Lender in its absolute and sole discretion, and without notice, may suspend the commitment to make Advances. In addition, upon the occurrence of an Event of Default, Lender in its absolute and sole discretion, and without notice, may terminate the commitment to make Advances. The obligation of Borrower to repay Advances shall be evidenced by the Note.
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Suspension or Termination of Commitment. Upon the occurrence of an Event of Default and so long as such Event of Default continues, Lender may, after 10 days prior written notice to the Borrower and Trustee identifying the continuing Events of Default and in accordance with the terms of Section 7.2.1 of this Agreement, suspend or terminate the commitment to make Advances.

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