Election to Terminate definition

Election to Terminate means an Election to Terminate substantially in the form of Exhibit H hereto.

Election to Terminate means an Election to Terminate substantially in the form of Exhibit E.

Election to Terminate means an Election to Terminate of a Foreign Subsidiary, substantially in the form of Exhibit I.

Examples of Election to Terminate in a sentence

• The delivery of an Election to Terminate with respect to an Eligible Borrower or a Change in Jurisdiction of an Eligible Borrower shall not affect any obligation of the relevant Eligible Borrower theretofore incurred.

• The undersigned, [name of Wholly-Owned Consolidated Subsidiary of Parent], a [type of entity] organized under the laws of [jurisdiction of incorporation or organization], elects to be an Eligible Borrower for purposes of the Credit Agreement, effective from the date hereof until an Election to Terminate shall have been delivered to the Administrative Agent on behalf of the Company with respect to the undersigned in accordance with the Credit Agreement.

• Notwithstanding the foregoing, this Election to Terminate shall not affect any obligation of the Designated Borrower under the Credit Agreement or under Loan Document heretofore incurred.

• Each Election to Participate delivered to the Administrative Agent shall be duly executed on behalf of the relevant Eligible Subsidiary and the Company, and each Election to Terminate delivered to the Administrative Agent shall be duly executed on behalf of the Company.

• The Administrative Agent shall promptly (i) give notice to the Banks of its receipt of any Election to Participate, Election to Terminate or notice of a change in the jurisdiction of organization or formation of an Eligible Borrower pursuant to Section 5.01(j) and (ii) provide such Election to Participate or Election to Terminate to each Bank.

More Definitions of Election to Terminate

Election to Terminate means an election by the Company to terminate a Subsidiary Borrower’s or, to the extent permitted by Section 2.23, the Initial Borrower’s status as a Borrower hereunder, executed by the Company substantially in the form of Exhibit J or any other form approved by the Administrative Agent.

Election to Terminate means a letter in the form of Exhibit H hereto executed by a Borrowing Subsidiary and an Authorized Representative and acknowledged by the Administrative Agent.

Election to Terminate. An Election to Terminate substantially in the form of Exhibit O.

Election to Terminate means an Election to Participate substantially in the form attached hereto as Exhibit G.

Election to Terminate means an Election to Terminate by an Eligible Subsidiary, substantially in the form of Exhibit G hereto.

Election to Terminate means an Election to Terminate, substantially in the form of Exhibit E hereto, terminating the status of a Subsidiary as a Designated Subsidiary.

Election to Terminate means an Election to Terminate substantially in the form of Exhibit G.