Common use of Termination of Commitments Clause in Contracts

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h), Section 12.1(i) or Section 12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Agent, upon the election of the Majority Banks, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 shall relieve the Borrower of its obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section §12.1(h), Section §12.1(i) or Section §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the AgentAgent may, and upon the election of the Majority BanksRequired Lenders shall, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 §12.3 shall relieve the Borrower of its their obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h), Section 12.1(i) or Section 12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority Banks, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 shall relieve the Borrower of its obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h§12.1(g), Section 12.1(i§12.1(h) or Section 12.1(j§12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority Banks, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 §12.3 shall relieve the Borrower of its obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h), Section 12.1(i) or Section 12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations to make Loans to the BorrowerBorrowers. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority Banks, may by notice to the Borrower Borrowers terminate the obligation to make Loans to the BorrowerBorrowers. No termination under this Section 12.2 shall relieve the Borrower Borrowers of its their obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h13.1(s), Section 12.1(i13.1(t) or Section 12.1(j13.1(u) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations to make Loans Advances to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority Banks, may by notice to the Borrower terminate the obligation to make Loans Advances to the Borrower. No termination under this Section 12.2 13.2 shall relieve the Borrower Borrower, the General Partner or the Guarantors of its their respective obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h§12.1(g), Section 12.1(i§12.1(h) or Section 12.1(j§12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the AgentAgent may, and upon the election of the Majority BanksRequired Lenders shall, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 §12.3 shall relieve the Borrower or the Guarantors of its their obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section §12.1(h), Section §12.1(i) or Section §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the BorrowerBorrowers. If any other Event of Default shall have occurred and be continuingoccurred, the AgentAgent may, and upon the election of the Majority BanksRequired Lenders shall, may by notice to the Borrower Borrowers terminate the obligation to make Loans to the BorrowerBorrowers. No termination under this Section 12.2 §12.3 shall relieve the Borrower Borrowers of its their obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h), Section 12.1(i) or Section 12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of Lender, the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority BanksRequired Lenders, may shall by notice to the Borrower terminate the obligation to make Loans to the BorrowerLoans. No termination under this Section 12.2 12.3 shall relieve the Borrower of its obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section §12.1(h), Section §12.1(i) or Section §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the BorrowerBorrowers. If any other Event of Default shall have occurred and be continuingoccurred, the AgentAgent may, and upon the election of the Majority BanksLenders shall, may by notice to the Borrower Borrowers terminate the obligation to make Loans to the BorrowerBorrowers. No termination under this Section 12.2 §12.3 shall relieve the Borrower Borrowers of its their obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h§11.1(g), Section 12.1(i§11.1(h) or Section 12.1(j§11.1(i) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the AgentAgent may, and upon the election of the Majority BanksRequired Lenders shall, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 §11.3 shall relieve the Borrower of its obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h), Section 12.1(i) or Section 12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuing, the Agent, upon the election of the Majority BanksLenders, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 shall relieve the Borrower of its obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h12.1(g), Section 12.1(i12.1(h) or Section 12.1(j12.1(i) shall occur, then immediately and without any action on the part of the Administrative Agent or any Bank any unused portion of Lender the credit hereunder Revolving Loan Commitments shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the BorrowerBorrowers. If any other Event of Default shall have occurred and be continuing, the Agent, upon the election of the Majority Banks, any Lender may by notice to the Borrower REIT and the Borrowers terminate the obligation to make Loans to the Borrowerits Revolving Loan Commitment. No termination under this Section 12.2 shall relieve the REIT or any Borrower of any of the Obligations or any of its existing obligations to the Banks such Lender arising under this Agreement other agreements or the other Loan Documentsinstruments.

Termination of Commitments. If any one or more Events of Default specified in Section §12.1(h), Section §12.1(i) or Section §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations - 59 - to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority Requisite Banks, may shall by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 §12.3 shall relieve the Borrower of its obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section §12.1(h), Section §12.1(i) or Section §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans Advances to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the AgentAgent may, and upon the election of the Majority BanksRequired Lenders shall, may by notice to the Borrower terminate the obligation to make Loans Advances to the Borrower. No termination under this Section 12.2 §12.3 shall relieve the Borrower of its their obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section §12.1(h), Section §12.1(i) or Section §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the BorrowerBorrowers. If any other Event of Default shall have occurred and be continuingoccurred, the AgentAgent may, and upon the election of the Majority BanksRequired Lenders shall, may by notice to the Borrower Borrowers terminate the obligation to make Loans to the BorrowerRevolving Credit Loans. No termination under this Section 12.2 §12.3 shall relieve the Borrower Borrowers or the Guarantors of its their obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h12.1(g), Section 12.1(i12.1(h) or Section 12.1(j12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority Banks, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 12.4 shall relieve the Borrower of its obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h12.1(g), Section 12.1(i12.1(h) or Section 12.1(j12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority Banks, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 12.3 shall relieve the Borrower of its obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section 12.1(h), Section 12.1(i) or Section 12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank any unused portion of the credit hereunder shall terminate and the Banks shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the Agent, upon the election of the Majority Requisite Banks, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section 12.2 shall relieve the Borrower of its obligations to the Banks arising under this Agreement or the other Loan Documents.

Termination of Commitments. If any one or more Events of Default specified in Section §12.1(h), Section §12.1(i) or Section §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Bank Lender any unused portion of the credit hereunder shall terminate and the Banks Lenders shall be relieved of all obligations to make Loans to the Borrower. If any other Event of Default shall have occurred and be continuingoccurred, the AgentAgent may, and upon the election of the Majority BanksRequired Lenders shall, may by notice to the Borrower terminate the obligation to make Loans to the Borrower. No termination under this Section §12.2 shall relieve the Borrower of its their obligations to the Banks Lenders arising under this Agreement or the other Loan Documents.