Common use of Terminated Lenders Clause in Contracts

Terminated Lenders. If any Lender has (i) required the Borrower to make payments for Taxes under Section 4.06 or (ii) has notified the Borrower and the Administrative Agent of its incurring Additional Costs under Section 5.01(a) or other compensation under Section 5.01(c) or (iii) asserts that it cannot under Section 5.01(b) or is illegal under Section 5.01(a) for it to make and maintain LIBOR Loans when all other Lenders have not also made such assertion, then the Borrower may, unless such Lender has notified the Borrower and the Administrative Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (the "Terminated Lender") at any time upon five Business Days' prior written notice to the Terminated Lender and the Administrative Agent (such notice referred to herein as a "Notice of Termination").

Terminated Lenders. If any Lender has (i) required the Borrower to make payments for Taxes under Section 4.06 or (ii) has notified the Borrower and the Administrative Agent of its incurring Additional Costs under Section 5.01(a) or other compensation under Section 5.01(cSections 5.01(b) or (c) or (iii) asserts that it cannot under Section 5.01(b) or is illegal under Section 5.01(a) for it to make and maintain LIBOR Eurodollar Loans when all other Lenders have not also made such assertion, then the Borrower may, unless such Lender has notified the Borrower and the Administrative Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Administrative Agent (such notice referred to herein as a "Notice of Termination").