Common use of Termination by Borrowers Clause in Contracts

Termination by Borrowers. The Borrowers shall have the option at any time to terminate the Lender’s Commitment only in whole upon 30 days written notice to the Lender. Upon such termination all amounts payable hereunder and under the Notes will become due and payable on the effective date of such termination without notice to the Borrowers, notwithstanding anything to the contrary contained in any Note.

Appears in 7 contracts

Samples: Credit Agreement (Ubs Equity Opportunity Fund Ii LLC), Credit Agreement (Ubs M2 Fund LLC), Credit Agreement (Ubs Credit Recovery Fund LLC)

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Termination by Borrowers. The Borrowers shall have the option at any time to terminate the Lender’s 's Commitment only in whole upon 30 days written notice to the Lender. Upon such termination all amounts payable hereunder and under the Notes will become due and payable on the effective date of such termination without notice to the Borrowers, notwithstanding anything to the contrary contained in any Note.

Appears in 2 contracts

Samples: Credit Agreement (Ubs Event & Equity Fund LLC), Credit Agreement (Ubs Multi-Strat Fund LLC)

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