Common use of Right to Terminate Following Event of Default Clause in Contracts

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the "DEFAULTING PARTY") has occurred and is then continuing, the other party (the "NON-DEFAULTING PARTY") may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, "Automatic Early Termination" is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3),

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the "DEFAULTING PARTY"“Defaulting Party”) has occurred and is then continuing, the other party (the "NON“Non-DEFAULTING PARTY"defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, "“Automatic Early Termination" ” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto,

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the "DEFAULTING PARTY"“Defaulting Party”) has occurred and is then continuing, the other party (the "NON“Non-DEFAULTING PARTY"defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, "“Automatic Early Termination" ” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(15(a)(vii)(l), (3),

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the "DEFAULTING PARTYDefaulting Party") has occurred and is then continuing, the other party (the "NONNon-DEFAULTING PARTYdefaulting Party") may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, "Automatic Early Termination" is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1)), (3), (5),

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the "DEFAULTING PARTY"“Defaulting Party”) has occurred and is then continuing, the other party (the "NON“Non-DEFAULTING PARTY"defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, "“Automatic Early Termination" ” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3),Section