Common use of Termination of Obligation to Advance Clause in Contracts

Termination of Obligation to Advance. Terminate any commitment or obligation of Lender to make Advances under this Agreement in its entirety, or any portion of any such commitment, and/or terminate Lender's further performance under this Agreement and/or any other document or instrument to which Lender and Borrower or Guarantor (or any other Affiliate of Borrower) are parties, without further liability or obligation to Borrower or Guarantor, to the extent Lender shall deem appropriate, in its sole discretion, all without notice to Borrower or any Guarantor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

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Termination of Obligation to Advance. Terminate any commitment or obligation of Lender to make Advances under this Agreement in its entirety, or any portion of any such commitment, and/or terminate Lender's further performance under this Agreement and/or any other document or instrument to which Lender and Borrower or Guarantor (or any other Affiliate of Borrower) are parties, without further liability or obligation to Borrower or Guarantor, to the extent Lender shall deem appropriate, in its sole discretion, all without notice to Borrower or any Guarantor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

Termination of Obligation to Advance. Terminate any commitment or obligation of Lender hereunder to make Advances under this Agreement of the Loan in its entirety, or any portion of any such commitment, and/or terminate Lender's further performance under this Agreement and/or any other document or instrument to which Lender and Borrower or Guarantor (or any other Affiliate of Borrower) are parties, without further liability or obligation to Borrower or GuarantorBorrower, to the extent Lender shall deem appropriate, in its sole discretion, all without notice to Borrower or any Guarantor.

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)

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Termination of Obligation to Advance. Terminate any commitment or obligation of Lender hereunder to make Advances under this Agreement of the Loan in its entirety, or any portion of any such commitment, and/or terminate Lender's further performance under this Agreement and/or any other document or instrument to which Lender and Borrower or any Guarantor (or any other Affiliate of Borrower) are parties, without further liability or obligation to Borrower or GuarantorGuarantors, to the extent Lender shall deem appropriate, in its sole discretion, all without notice to Borrower or any GuarantorGuarantors.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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