Common use of Term of Facility Clause in Contracts

Term of Facility. Except as otherwise provided in this Section 2.5, with respect to a Fund, the term of the Facility shall expire on the Maturity Date, and the entire outstanding principal balance of the Loans and all accrued interest and other charges, with respect to such Fund, shall become due and payable not later than that date in the event that any principal or accrued interest and other charges have not been previously repaid. The Maturity Date may be extended for successive 364 day terms upon (a) the Bank's executive committee (or similar committee established from time to time) approving an extension of the Facility, (b) the Bank giving written notice of such extension to Borrower prior to the end of the current or extended term, (c) the payment of the Annual Fee, and (d) the execution of a Note; provided, however, that the Borrower may elect not to renew the Facility by giving written notice to the Bank no less than sixty (60) days prior to the end of the current or extended term; provided further; however, that the Borrower may terminate this Agreement at any time for any reason without premium or penalty on thirty (30) days' notice. This Facility shall automatically terminate upon the termination of the Custody Agreement, except upon the simultaneous execution by the Bank and Borrower of a substantially identical custody agreement in replacement thereof. Until all Obligations have been fully repaid and this Agreement has terminated, the Bank shall retain its security interest in all Collateral, then existing or arising thereafter, pledged to the Bank pursuant to the Pledge Agreement. The Bank will follow Borrower's instructions in transitioning to a new line of credit provider.

Term of Facility. Except as otherwise provided in this Section 2.5, with respect to a Fund, ---------------- the term of the Facility shall expire on the Maturity DateApril 12, 2000, and the entire outstanding principal balance of the Loans Notes, and all accrued interest and other charges, with respect to such Fundinterest, shall become due and payable not later than that date in the event that any principal or accrued interest and other charges have has not been previously repaid. The Maturity Date This Facility may be extended for successive 364 day one year terms upon (a) the Bank's executive committee (or similar committee established from time to time) approving an extension of the Facility, Facility and (b) the Bank giving written notice of such extension to Borrower no less than thirty days prior to the end of the current or extended term, (c) the payment of the Annual Fee, and (d) the execution of a Note; provided, however, that the Borrower may elect not to renew the Facility by giving written notice to the Bank no less than sixty (60) days prior to the end of the current or extended term; provided further; however, that the Borrower may terminate this Agreement at any time for any reason without premium or penalty on thirty (30) days' notice. This Facility shall automatically terminate upon the termination of the Custody Agreement, Agreement except upon the simultaneous execution by the Bank and Borrower of a substantially identical custody agreement in replacement thereof. Until all Obligations have been fully repaid and this Agreement has terminated, the Bank shall retain its security interest in all Collateralcollateral, then existing or arising thereafter, pledged to the Bank pursuant to the Pledge Agreement. The Bank will follow Borrower's instructions Agreements and as identified in transitioning to a new line the Reports of credit providerPledged Securities.

Term of Facility. Except as otherwise provided in this Section 2.5, with respect to a Fund, the term of the Facility shall expire on the Maturity Date, and the entire outstanding principal balance of the Loans and all accrued interest and other charges, with respect to such Fund, shall become due and payable not later than that date in the event that any principal or accrued interest and other charges have not been previously repaid. The Maturity Date may be extended for successive 364 day terms upon (a) the Bank's ’s executive committee (or similar committee established from time to time) approving an extension of the Facility, (b) the Bank giving written notice of such extension to Borrower prior to the end of the current or extended term, (c) the payment of the Annual Fee, and (d) the execution of a Note; provided, however, that the Borrower may elect not to renew the Facility by giving written notice to the Bank no less than sixty (60) days prior to the end of the current or extended term; provided further; however, that the Borrower may terminate this Agreement at any time for any reason without premium or penalty on thirty (30) days' notice. This Facility shall automatically terminate upon the termination of the Custody Agreement, except upon the simultaneous execution by the Bank and Borrower of a substantially identical custody agreement in replacement thereof. Until all Obligations have been fully repaid and this Agreement has terminated, the Bank shall retain its security interest in all Collateral, then existing or arising thereafter, pledged to the Bank pursuant to the Pledge Agreement. The Subject to the foregoing, this Agreement may be terminated by Bank will follow Borrower's instructions in transitioning to a new line of credit provideror the Borrower at any time.

Term of Facility. Except as otherwise provided in this Section 2.5, with respect to a Fund, the term of the Facility shall expire on the Maturity Date, and the entire outstanding principal balance of the Loans Notes, and all accrued interest and other charges, with respect to such Fundinterest, shall become due and payable not later than that date in the event that any principal or accrued interest and other charges have has not been previously repaid. The Maturity Date This Facility may be extended for successive 364 day one year terms upon (a) the Bank's executive committee (or similar committee established from time to time) approving an extension of the Facility, Facility and (b) the Bank giving written notice of such extension to Borrower no less than thirty days prior to the end of the current or extended term, (c) the payment of the Annual Fee, and (d) the execution of a Note; provided, however, that the Borrower may elect not to renew the Facility by giving written notice to the Bank no less than sixty (60) days prior to the end of the current or extended term; provided further; however, that the Borrower may terminate this Agreement at any time for any reason without premium or penalty on thirty (30) days' notice. This Facility shall automatically terminate upon the termination of the Custody Agreement, Agreement except upon the simultaneous execution by the Bank and Borrower of a substantially identical custody agreement in replacement thereof. Until all Obligations have been fully repaid and this Agreement has terminated, the Bank shall retain its security interest in all Collateralcollateral, then existing or arising thereafter, pledged to the Bank pursuant to the Pledge Agreement. The Bank will follow Borrower's instructions Agreements and as identified in transitioning to a new line the Reports of credit providerPledged Securities.