Termination of 2005 Credit Agreement. TBC shall have terminated in whole the commitments of the banks parties to the 2005 Credit Agreement; and
Termination of 2005 Credit Agreement. Upon fulfillment of the terms and conditions set forth in Section 7.2 hereof, the Third Amended and Restated Credit Agreement dated as of June 24, 2005, as amended, by and between the Borrower and the Bank, shall be terminated, all obligations of the Borrower outstanding thereunder shall become immediately due and payable and the Bank is hereby released and discharged of any further commitment to lend to the Borrower under the terms of such credit agreement. The Borrower authorizes the Bank to xxxx the Borrower for any outstanding fees and charges under such credit agreement and related loan documents in the ordinary course; and the Borrower shall pay such fees and charges upon presentation of a xxxx from the Bank. Upon payment of all such outstanding fees, charges and obligations, the Bank shall promptly release the outstanding financing statements and mortgages recorded of record to secure such obligations.
Termination of 2005 Credit Agreement. The “Revolving Credit Commitments” and “Letter of Credit Commitments” (as those terms are defined in the 2005 Credit Agreement) are hereby terminated as of the date hereof. This Section 8.16 shall constitute each Borrower’s notice of such termination under Section 2.4 of the 2005 Credit Agreement and each Borrower’s agreement that, on and after the date hereof, it has no further right to borrow under, or request the issuance of any “Letter of Credit” (as defined in the 2005 Credit Agreement) under, the 2005 Credit Agreement. Each Bank that is a “Bank” (as defined in the 2005 Credit Agreement) and each Issuing Bank that is an “Issuing Bank” (as defined in the 2005 Credit Agreement) hereby (i) waive any requirement that such notice be given at least three “Business Days” (as defined in the 2005 Credit Agreement) prior to such termination, (ii) consent to the release of all security and guaranties created or existing under the 2005 Credit Agreement, and (iii) authorize the “Collateral Agent” (as defined in the 2005 Credit Agreement) to execute all terminations, releases and documents in connection therewith and deliver the “Collateral” (as defined in the 2005 Credit Agreement) to TWC or any of its Subsidiaries.
