Common use of Termination on Repayment Clause in Contracts

Termination on Repayment. amend Clause 4.4(b) of the Intercreditor Agreement to provide that in addition to the circumstances therein and the circumstances set out at Schedule 5 and Schedule 6, each Hedging Bank (as defined in the Intercreditor Agreement) may exercise any right to terminate or close out any transaction under a Hedging Document (as defined in the Intercreditor Agreement) prior to its stated maturity if all classes of debt (in each case, other than Hedging Liabilities, Subordinated Debt or Intercompany Debt) is repaid or prepaid and cancelled in whole (and there is no refinancing of any such debt such that there are no classes of debt (in each case, other than Hedging Liabilities, Subordinated Debt or Intercompany Debt) for the purposes of the Intercreditor Agreement following such repayment or prepayment and cancellation).

Termination on Repayment. amend Clause 4.4(b) of the Intercreditor Agreement to provide that in addition to the circumstances therein and the circumstances set out at Schedule 5 6 and Schedule 67, each Hedging Bank (as defined in the Intercreditor Agreement) may exercise any right to terminate or close out any transaction under a Hedging Document (as defined in the Intercreditor Agreement) prior to its stated maturity if all classes of debt (in each case, other than Hedging Liabilities, Subordinated Debt or Intercompany Debt) is repaid or prepaid and cancelled in whole (and there is no refinancing of any such debt such that there are no classes of debt (in each case, other than Hedging Liabilities, Subordinated Debt or Intercompany Debt) for the purposes of the Intercreditor Agreement following such repayment or prepayment and cancellation).