Common use of Termination of Lenders’ Obligations Clause in Contracts

Termination of Lenders’ Obligations. The occurrence of an Event of Default that has not been waived by the Lenders will relieve the Lenders of all obligations to provide any further Advances hereunder whether by Rollover, Conversion or otherwise, by way of Bankers’ Acceptances (and BA Equivalent Notes), LIBOR Advances or Letters of Credit; provided that the foregoing will not prevent the Lenders from disbursing money hereunder in reduction of then outstanding Bankers’ Acceptances and Letters of Credit. For greater certainty any such Advances will be at the sole discretion of the Lenders. The Agent may reallocate all Advances pro rata among the Lenders in such manner as the Agent determines is equitable.

Termination of Lenders’ Obligations. The occurrence of an Event of Default that has not been waived by the Lenders will shall relieve the Lenders of all obligations to provide any further Advances hereunder whether by Rolloverrollover, Conversion conversion or otherwise, by way of Bankers’ Acceptances (and BA Equivalent Notes), LIBOR Advances or Letters of Credit; provided that the foregoing will shall not prevent the Lenders from disbursing money hereunder in reduction of then outstanding Bankers’ Acceptances and Letters of Credit. For greater certainty any such Advances will shall be at the sole discretion of the Lenders. The Agent may reallocate all Advances pro rata among the Lenders in such manner as the Agent determines is equitable.

Termination of Lenders’ Obligations. The occurrence of an Event of Default that has not been waived by the Lenders will shall relieve the Lenders of all obligations to provide any further Advances hereunder whether by Rollover, Conversion or otherwise, by way of Bankers’ Acceptances (and ' Acceptances, BA Equivalent Notes), LIBOR Advances Notes or Letters of Credit; provided that the foregoing will shall not prevent the Lenders from disbursing money hereunder in reduction of then outstanding Bankers’ ' Acceptances and Letters of Credit. For greater certainty any such Advances will shall be at the sole discretion of the Lenders. The During the existence of an Event of Default, the Agent may reallocate all Advances pro rata among the Lenders in such manner as the Agent determines is equitable.