Common use of TERMINATION OR AMENDMENT OF AGREEMENT Clause in Contracts

TERMINATION OR AMENDMENT OF AGREEMENT. This Agreement shall be effective upon its execution by each of Senior Creditor and Subordinated Creditor. After the Effective Date, this Agreement shall remain in effect and cannot be revoked or amended by Subordinated Creditor, except with the prior written consent of Senior Creditor. Senior Creditor and Subordinated Creditor agree that no amendment hereto shall be binding upon the Loan Parties unless the Loan Parties shall have received notice of such amendment. Subject to Section 14, this Agreement shall terminate upon the date on which both (a) the Discharge of Senior Debt occurs, and (b) the Senior Loan Documents shall have been terminated.

TERMINATION OR AMENDMENT OF AGREEMENT. This Agreement shall be effective upon its execution by each of Senior Creditor and Subordinated Creditor. After the Effective Date, this Agreement shall remain in effect and cannot be revoked or amended by Subordinated Creditor, except with the prior written consent of Senior Creditor. Senior Creditor and Subordinated Creditor agree that no amendment hereto shall be binding upon the Loan Parties Borrower unless the Loan Parties Borrower shall have received notice of such amendment. Subject to Section 14, this Agreement shall terminate upon the date on which both (a) the Discharge of Senior Debt occursshall have been paid in cash in full, and (b) the Senior Loan Documents shall have been terminated.

TERMINATION OR AMENDMENT OF AGREEMENT. This Agreement shall be effective upon its execution by each of Senior Creditor and Subordinated CreditorPurchasers. After the Effective Date, this Agreement shall remain in effect and cannot be revoked or amended by Subordinated Creditoramended, except with the prior written consent of Senior CreditorCreditor and Purchasers. Senior Creditor and Subordinated Creditor Purchasers agree that no amendment hereto shall be binding upon the Loan Parties Borrower unless the Loan Parties Borrower shall have received notice of such amendmentamendment and acknowledged such amendment in writing. Subject to Section 1410, this Agreement shall terminate upon the date on which both (a) the Discharge of Senior Debt occursshall have been paid in cash in full, and (b) the Senior Loan Documents shall have been terminated.

TERMINATION OR AMENDMENT OF AGREEMENT. This Agreement shall be effective upon its execution by each of Senior Creditor and Subordinated Creditor. After the Effective Date, this Agreement shall remain in effect and cannot be revoked or amended by Subordinated Creditor, except with the prior written consent of Senior Creditor. Senior Creditor and Subordinated Creditor agree that no amendment hereto shall be binding upon the Loan Parties Borrower unless the Loan Parties Borrower shall have received notice of such amendment. Subject to Section 1415, this Agreement shall automatically terminate without further action by any person immediately upon the date on which both (a) the Discharge of Senior Debt occurs, shall have been paid in cash in full and (b) the Senior Loan Documents shall have been terminated.