Common use of Transaction Termination Clause in Contracts

Transaction Termination. If an Event of Default shall have occurred and be continuing, then, at the option of the Administrative Agent, the Administrative Agent may declare the Repurchase Date for any or all Transactions hereunder, upon written notice to the Seller, to be deemed immediately to occur.

Transaction Termination. If an Event of Default shall have occurred and be continuing, then, at the option of the Administrative AgentAgent (which option shall be deemed to have been exercised, even if no notice has been given, upon the occurrence of an Event of Insolvency), the Administrative Agent may declare the Repurchase Date for any or all Transactions hereunder, upon written notice to the Seller, to be deemed immediately to occur.