Common use of Term-out of Loans Clause in Contracts

Term-out of Loans. (a) At any time a Lender becomes a Defaulting Lender, the maturity date of each of the shares of that Lender in the Loans then outstanding will be automatically extended to the Final Maturity Date and will be treated as separate Loans (the Separate Loans) denominated in the currency in which the relevant shares are outstanding.