Election to Terminate definition
Examples of Election to Terminate in a sentence
Very truly yours, [NAME OF SUBSIDIARY BORROWER] By: Name: Title: LINDE PLC By: Name: Title: Receipt of the above Election to Terminate is acknowledged on and as of the date set forth above.
Each such Election to Participate and Election to Terminate shall be duly executed on behalf of such Subsidiary and the Company in such number of copies as the Administrative Agent may request.
If at any time a Subsidiary theretofore designated as a Subsidiary Borrower is no longer a Wholly Owned Subsidiary of the Company, the Company shall cause to be delivered to the Administrative Agent an Election to Terminate terminating the status of such Subsidiary as a Subsidiary Borrower.
The Administrative Agent shall promptly give notice to the Lenders of the receipt of any Election to Terminate a Subsidiary Guarantee.
Notwithstanding the foregoing, this Election to Terminate shall not affect any obligation of the undersigned heretofore incurred under the Credit Agreement or any Note.