Examples of Termination Notice in a sentence
If the Agent shall determine that all Debt Liabilities have been fully, finally and unconditionally discharged and/or released and no is under any commitment, obligation or liability (actual or contingent) to provide any further financial accommodation to the Obligors, it may give written notice (a Termination Notice) to the other Beneficiaries of its intention to terminate the agency created by this Deed.
Unless a Beneficiary notifies the Agent within ten (10) Business Days of the date of a Termination Notice that any Debt Liabilities remains outstanding to it or it is under any commitment, obligation or liability (actual or contingent) to provide further financial accommodation to the Obligors, the agency created by this Deed shall be terminated.