Common use of Termination of Commitment of Withdrawing Lender Clause in Contracts

Termination of Commitment of Withdrawing Lender. Unless its Commitment has been assigned pursuant to Section 2.3.4, the Commitment of each Withdrawing Lender shall terminate on the Scheduled Commitment Termination Date without giving effect to any extension, and any Borrowing Request specifying a Business Day for a Borrowing occurring on or after the Scheduled Commitment Termination Date or requesting an Interest Period extending beyond such date shall have no effect in respect of such Withdrawing Lender. The Administrative Agent shall promptly notify the Borrower (and the Borrower shall promptly notify Xxxxx'x and S&P) and, so long as the Insurer is the Controlling Class, the Insurer of the termination of the Commitments of Withdrawing Lenders and the aggregate Commitments of all Lenders as of the close of business on the Scheduled Commitment Termination Date.

Termination of Commitment of Withdrawing Lender. Unless its Commitment has been assigned pursuant to Section 2.3.4, the Commitment of each Withdrawing Lender shall terminate on the Scheduled Commitment Termination Date without giving effect to any extension, and any Borrowing Request specifying a Business Day for a Borrowing occurring on or after the Scheduled Commitment Termination Date or requesting an Interest Period extending beyond such date shall have no effect in respect of such Withdrawing Lender. The Administrative Agent shall promptly notify the Borrower (and the Borrower shall promptly notify Xxxxx'x and S&P) and, so long as the Insurer is the Controlling Class, the Insurer of the termination of the Commitments of Withdrawing Lenders and the aggregate Commitments of all Lenders as of the close of business on the Scheduled Commitment Termination Date.

Termination of Commitment of Withdrawing Lender. Unless its Commitment has been assigned pursuant to Section 2.3.4, the Commitment of each Withdrawing Lender shall terminate on the Scheduled Commitment Termination Date without giving effect to any extension, and any Borrowing Request specifying a Business Day for a Borrowing occurring on or after the Scheduled Commitment Termination Date or requesting an Interest Period extending beyond such date shall have no effect in respect of such Withdrawing Lender. The Administrative Agent shall promptly notify the Borrower (and the Borrower shall promptly notify Xxxxx'x Xxxxx’x and S&P) and, so long as the Insurer is the Controlling Class, the Insurer of the termination of the Commitments of Withdrawing Lenders and the aggregate Commitments of all Lenders as of the close of business on the Scheduled Commitment Termination Date.

Termination of Commitment of Withdrawing Lender. Unless its Commitment has been assigned pursuant to Section 2.3.4, the Commitment of each Withdrawing Lender shall terminate on the Scheduled Commitment Termination Date without giving effect to any extension, and any Borrowing Request specifying a Business Day for a Borrowing occurring on or after the Scheduled Commitment Termination Date or requesting an Interest Period extending beyond such date shall have no effect in respect of such Withdrawing Lender. The Administrative Agent shall promptly notify the Borrower (and the Borrower shall promptly notify Xxxxx'x Moody's and S&P) and, so long as the Insurer is the Controlling Class, the Insurer of the termination of the Commitments of Withdrawing Lenders Lxxxxxx and the aggregate Commitments of all Lenders as of the close of business on the Scheduled Commitment Termination Date.