Example ContractsClausestermination of defaulting lender commitmentVariants
Termination of Defaulting Lender Commitment
Termination of Defaulting Lender Commitment contract clause examples

Section # Defaulting Lenders. If any Lender becomes a Defaulting Lender, then, for so long as such Lender is a Defaulting Lender, fees shall cease to accrue on the unused portion of the Commitment of such Defaulting Lender pursuant to [Section 2.11(a)].

No Defaulting Lender shall be entitled to receive any commitment fees in accordance with [Section 2.05(a)] for any period during which such Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

Certain Fees. That Defaulting Lender # shall not be entitled to receive or accrue any commitment fee pursuant to [Section 2.12(a)] for any period during which that Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender) and # shall be limited in its right to receive Letter of Credit Fees as provided in [Section 2.12(a)].

No Defaulting Lender shall be entitled to receive any commitment fee under Section 2.11(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

the Commitment Fee shall cease to accrue on the unused portion of the Commitments of such Defaulting Lender pursuant to [Section 2.11(a)];

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