Common use of Termination of Commitments Clause in Contracts

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 12 contracts

Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Jernigan Capital, Inc.)

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Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Revolving Credit Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 5 contracts

Samples: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (Modiv Inc.), Credit Agreement (GTJ Reit, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue or renew Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 5 contracts

Samples: Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors Guarantors, if any, of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h), §12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Majority Revolving Credit Lenders, shall, shall by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Majority Revolving Credit Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 3 contracts

Samples: Assignment and Acceptance Agreement (QualityTech, LP), Credit Agreement (QTS Realty Trust, Inc.), Credit Agreement (QTS Realty Trust, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurredoccurred and be continuing, the Agent may, and upon the election of the Required Lenders, Revolving Credit Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit Commitment hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue or renew Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Majority Lenders shall, by notice to the Borrower terminate the Commitments and the Lenders shall have no further obligation to make Revolving Credit Loans to and or issue or renew Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) ), or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Revolving Credit Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the BorrowerBorrowers. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Majority Lenders shall, by notice to the Borrower Borrowers terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the BorrowerBorrowers. No termination under this §12.3 shall relieve the Borrower or the Guarantors Borrowers of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h), §12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Majority Lenders, shall, shall by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) ), or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Revolving Credit Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower Borrower, the Guarantors or the Guarantors Approved JVs of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Healthcare Trust, Inc.), Senior Secured Credit Agreement (Healthcare Trust, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent mayAgent, and upon the election of the Required Lenders, shall, shall by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and the Borrower or issue any Letters of Credit for the BorrowerCredit. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Master Credit Agreement (Entertainment Properties Trust), Master Credit Agreement (Entertainment Properties Trust)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Mid America Apartment Communities Inc), Credit Agreement (Mid America Apartment Communities Inc)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Pacific Office Properties Trust, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h10.1(f) or 12.1(i§10.1(g) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Majority Lenders, shall, shall by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 10.2(c) shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (STORE CAPITAL Corp), Credit Agreement (STORE CAPITAL Corp)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurredoccurred and be continuing, the Agent may, and upon the election of the Required Lenders, Revolving Credit Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) ), or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Revolving Credit Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.. 176

Appears in 1 contract

Samples: Credit Agreement (Global Net Lease, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Majority Revolving Credit Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans, Bid Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (QTS Realty Trust, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) ), or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Majority Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurredoccurred and be continuing, the Agent may, and upon the election of the Required Lenders, Revolving Credit Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.. §12.4

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurredoccurred and be continuing, the Agent may, and upon the election of the Required Lenders, Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Termination of Commitments. If any one or more Events of Default specified in §12.1(gss.12.1(h), 12.1(hss.12.1(i) or 12.1(iss.12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent mayAgent, and upon the election of the Required Lenders, shall, shall by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and the Borrower or issue any Letters of Credit for the BorrowerCredit. No termination under this §12.3 ss.12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Master Credit Agreement (Entertainment Properties Trust)

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Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Republic Property Trust)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, shall, by written notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (NorthStar Healthcare Income, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(f), 12.1(h§12.1(g) or 12.1(i§12.1(h) shall occur, then immediately and without any action on the part of the Agent or any Lender Bank any unused portion of the credit hereunder shall terminate and the Lenders Banks shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Majority Banks shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders Banks arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Gramercy Capital Corp)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans and Swing Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Monogram Residential Trust, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h), 12.1(i) or 12.1(i12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(hSection 9.1(k) or 12.1(iSection 9.1(l) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Majority Lenders, shall, by notice to the Borrower terminate the obligation all Commitments to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 Section 9.2 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Oak Street Net Lease Trust)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the BorrowerBorrowers. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Majority Revolving Credit Lenders shall, by notice to the Borrower Borrowers terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the BorrowerBorrowers. No termination under this §12.3 shall relieve the Borrower or the Guarantors Borrowers of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Dupont Fabros Technology, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) ), or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Revolving Credit Lenders, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.. 148

Appears in 1 contract

Samples: Credit Agreement (Global Net Lease, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), 12.1(h) ), or 12.1(i) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Revolving Credit Lenders, shall, by notice to the Borrower terminate the obligation commitments to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (American Realty Capital Healthcare Trust Inc)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occuroccur with respect to Borrower or REIT, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent mayAgent, and upon the election of the Required Majority Lenders, shall, shall by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Tier Reit Inc)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurredoccurred and be continuing, the Agent may, and upon the election of the Required LendersMajority Revolving Credit Lenders with respect to Revolving Credit Loans and Bid Loans, shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the Credit, as applicable, to Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (CyrusOne Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g12.1(h), 12.1(h§12.1(i) or 12.1(i§12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue or renew Letters of Credit to the BorrowerBorrowers. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Lenders shall, by notice to the Borrower Borrowers terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for the BorrowerBorrowers. No termination under this §12.3 shall relieve the Borrower or the Guarantors Borrowers of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (City Office REIT, Inc.)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g(S)12.1(h), 12.1(h(S)12.1(i) or 12.1(i(S)12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent mayAgent, and upon the election of the Required Lenders, shall, shall by notice to the Borrower terminate the obligation to make Revolving Credit Loans to and issue Letters of Credit for to the Borrower. No termination under this §12.3 (S)12.3 shall relieve the Borrower or the Guarantors of their its obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Master Credit Agreement (JDN Realty Corp)

Termination of Commitments. If any one or more Events of Default specified in §12.1(g), §12.1(h) or §12.1(i) shall occur, then then, immediately and without any action on the part of the Agent or any Lender any unused portion of Lender, the credit Commitments hereunder shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue or renew Letters of Credit to the BorrowerBorrowers. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Required Lenders, Lenders shall, by notice to the Borrower Borrowers terminate Commitments and the Lenders shall have no further obligation to make Revolving Credit Loans to and or issue or renew Letters of Credit for to the BorrowerBorrowers. No termination under this §12.3 shall relieve the Borrower or the Guarantors Borrowers of their obligations to the Lenders arising under this Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.)

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