Examples of Election to Terminate in a sentence
Election to Terminate .................................................................
Each Election to Participate delivered to the Administrative Agent shall be duly executed on behalf of the relevant Subsidiary and the Company, and each Election to Terminate delivered to the Administrative Agent shall be duly executed on behalf of the Company, in such number of copies as the Administrative Agent may request.
The delivery of an Election to Terminate shall not affect any obligation of the relevant Subsidiary theretofore incurred.
In the event Buyer fails to timely deliver to Seller Buyer’s Election Not to Terminate in accordance with the provisions of this Section 4.3, such failure shall be deemed to constitute Buyer’s Election to Terminate this Agreement in accordance with the terms and conditions of Section 4.2 hereof.
The Administrative Agent shall promptly give notice to the Lenders of the receipt of any Election to Participate or Election to Terminate.