Common use of Term-Out Option Clause in Contracts

Term-Out Option. (a) The Company may exercise the term out option by delivering a Term Out Notice to the Facility Agent not more than 60 days and not less than 30 days before the then Termination Date of Facility B. Only one such notice may be given.

Term-Out Option. (a) The Company Unless a Default has occurred which is outstanding on the date of delivery of the Term Out Notice, the Company, on behalf of the Borrowers under Facility A, may exercise the term out option Term Out Option by delivering a Term Out Notice to the Facility Agent not more than 60 45 days and not less than 30 15 days before the then Termination Date of Facility B. A Initial Maturity Date. Only one such notice may be givengiven and such notice shall be irrevocable.

Term-Out Option. (a) The Company may exercise the term out option by delivering a Term Out Notice Option by notice (substantially in the form set out in Schedule 14 (Form of Term Out Notice)) to the Facility Agent not more than 60 days and not less than 30 14 (nor more than 60) days before the then Termination Date of Facility B. Date. Only one such notice may be given.