Common use of Termination; Renewal Clause in Contracts

Termination; Renewal. The availability of additional Loans and letters of credit under this Agreement will automatically terminate ON DEMAND. The Lender and the Issuing Bank (with respect to letters of credit) reserve the right at any time without notice to terminate the Loan Account, suspend the Company’s borrowing privileges or refuse any Loan or letter of credit request even though the Company has complied with all of the terms under this Agreement. The Company may terminate this Agreement at any time effective upon receipt by the Lender of at least 15 days prior written notice. No termination under this Section shall affect the Lender’s rights or the Company’s obligations regarding payment or default under this Agreement. Such termination shall not affect the Company’s obligation to pay all Loans and other obligations and the interest accrued through the date of final payment. The Lender or the Issuing Bank may also elect to honor Loan and letter of credit requests after termination of this Agreement, and the Company agrees that any such payment by the Lender shall constitute a Loan to the Company or a letter of credit issued at the request of the Company under this Agreement.

Termination; Renewal. The availability of additional Loans and letters of credit under this Agreement will automatically terminate ON DEMANDOn Demand. The Lender and the Issuing Bank (with respect to letters of credit) reserve reserves the right at any time without notice to terminate the Loan Account, suspend the Company’s borrowing privileges or refuse any Loan or letter of credit request even though the Company has complied with all of the terms under this Agreement. The Company may terminate this Agreement at any time effective upon receipt by the Lender of at least 15 fifteen (15) days prior written notice. No termination under this Section shall affect the Lender’s rights or the Company’s obligations regarding payment or default under this Agreement. Such termination shall not affect the Company’s obligation to pay all Loans and other obligations and the interest accrued through the date of final payment. The Lender or the Issuing Bank may also elect to honor Loan and letter of credit requests after termination of this Agreement, and the Company agrees that any such payment or issuance, as applicable, by the Lender shall constitute a Loan to the Company or a letter of credit issued at the request of the Company under this Agreement, as applicable.

Termination; Renewal. The availability of additional Loans and letters of credit under this Agreement will automatically terminate ON DEMAND. The Lender and the Issuing Bank (with respect to letters of credit) reserve reserves the right at any time without notice to terminate the Loan Account, suspend the Company’s borrowing privileges or refuse any Loan or letter of credit request even though the Company has complied with all of the terms under this Agreement. The Company may terminate this Agreement at any time effective upon receipt by the Lender of at least 15 fifteen (15) days prior written notice. No termination under this Section shall affect the Lender’s rights or the Company’s obligations regarding payment or default under this Agreement. Such termination shall not affect the Company’s obligation to pay all Loans and other obligations and the interest accrued through the date of final payment. The Lender or the Issuing Bank may also elect to honor Loan and letter of credit requests after termination of this Agreement, and the Company agrees that any of such payment by the Lender shall constitute a Loan to the Company or a letter of credit issued at the request of the Company under this Agreement.