Optional Termination. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 5.1(iii) or (iv) of the Indenture), the Administrative Agent may with the consent of the Majority Class B Purchasers, and, at the direction of the Majority Class B Purchasers, the Administrative Agent shall declare the Purchase Termination Date to have occurred, whereupon the Commitments of the Committed Purchasers, if any, hereunder shall terminate.
Appears in 6 contracts
Samples: Class B Note Purchase Agreement (Americredit Corp), Class B Note Purchase Agreement (Americredit Corp), Class B Note Purchase Agreement (Americredit Corp)
Optional Termination. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 5.1(iii) or (iv) of the Indenture), the Administrative Agent may with the consent of the Majority Class B C Purchasers, and, at the direction of the Majority Class B C Purchasers, the Administrative Agent shall declare the Purchase Termination Date to have occurred, whereupon the Commitments of the Committed Purchasers, if any, hereunder shall terminate.
Appears in 4 contracts
Samples: Class C Note Purchase Agreement (Americredit Corp), Class C Note Purchase Agreement (Americredit Corp), Purchase Agreement (Americredit Corp)
Optional Termination. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 5.1(iii) or (iv) of the Indenture), the Administrative Agent may with the consent of the Majority Class B A Purchasers, and, at the direction of the Majority Class B A Purchasers, the Administrative Agent shall declare the Purchase Termination Date to have occurred, whereupon the Commitments of the Committed Purchasers, if any, hereunder shall terminate.
Appears in 3 contracts
Samples: Class a Note Purchase Agreement (Americredit Corp), Class a Note Purchase Agreement (Americredit Corp), Class a Note Purchase Agreement (Americredit Corp)
Optional Termination. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 5.1(iii) or (iv) of the Indenture), the Administrative Agent may with the consent of the Majority Class B S Purchasers, and, at the direction of the Majority Class B S Purchasers, the Administrative Agent shall declare the Purchase Termination Date to have occurred, whereupon the Commitments of the Committed Purchasers, if any, hereunder shall terminate.
Appears in 3 contracts
Samples: Class S Note Purchase Agreement (Americredit Corp), Note Purchase Agreement (Americredit Corp), Purchase Agreement (Americredit Corp)
Optional Termination. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 5.1(iii) or (iv) of the Indenture), the Administrative Agent may with the consent of the Majority Class B A-1 Purchasers, and, at the direction of the Majority Class B A-1 Purchasers, the Administrative Agent shall declare the Purchase Termination Date to have occurred, whereupon the Commitments of the Committed Purchasers, if any, hereunder shall terminate.
Appears in 2 contracts
Samples: Americredit Corp, Americredit Corp
Optional Termination. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 5.1(iii) or (iv) of the Indenture), the Administrative Agent may with the consent of the Majority Class B A-2 Purchasers, and, at the direction of the Majority Class B A-2 Purchasers, the Administrative Agent shall declare the Purchase Termination Date to have occurred, whereupon the Commitments of the Committed Purchasers, if any, hereunder shall terminate.
Appears in 2 contracts
Samples: Americredit Corp, Americredit Corp
