Common use of Actions on Termination Clause in Contracts

Actions on Termination. On the Termination Date, the Borrowers shall pay the Administrative Agent (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the entire balance of the Loan Account (including the unpaid principal balance of the Revolving Credit Loans); any then remaining installments of the Revolving Credit Commitment Fee; any payments due on account of the indemnification obligations included in Section 2.10(e); any accrued and unpaid Unused Line Fee; and all unreimbursed costs and expenses of Agent for which the Borrowers are responsible; and shall make such arrangements concerning any L/C’s then outstanding are reasonably satisfactory to the Administrative Agent. Until such payment, all provisions of this Agreement, other than those contained in Article II which place an obligation on the Agent to make any loans or advances or to provide financial accommodations under the Revolving Credit or otherwise, shall remain in full force and effect until all Liabilities shall have been paid in full. The release by the Collateral Agent of the Collateral Interests granted the Agent by the Obligors hereunder may be upon such conditions and indemnifications as the Collateral Agent may require.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Mothers Work Inc)

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Actions on Termination. On the Termination Date, the Borrowers Borrower shall pay the Administrative Agent Lender (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the entire balance of the Loan Account (including the unpaid principal balance of the Revolving Credit LoansLoans ); any then remaining installments of the Revolving Credit Commitment Fee; any payments due on account then remaining installments of the indemnification obligations included in Section 2.10(e)Facility Fee; any accrued and unpaid Unused Line Fee; and all unreimbursed costs and expenses of Agent Lender; for which the Borrowers are Borrower is responsible; and shall make such arrangements concerning any L/C’s then outstanding are reasonably satisfactory to the Administrative AgentLender. Until such payment, all provisions of this Agreement, other than those contained in Article II 2 — which place an obligation on the Agent Lender to make any loans or advances or to provide financial accommodations under the Revolving Credit or otherwise, shall remain in full force and effect until all Liabilities shall have been paid in full. The release by the Collateral Agent Lender of the Collateral Interests granted the Agent Lender by the Obligors Borrower hereunder may be upon such conditions and indemnifications as the Collateral Agent Lender may require.

Appears in 1 contract

Samples: Loan and Security Agreement (Bakers Footwear Group Inc)

Actions on Termination. On the Termination Date, the Borrowers Borrower shall pay the Administrative Agent (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the entire balance of the Loan Account (including the unpaid principal balance of the Revolving Credit Loans); any then remaining installments of the Revolving Credit Commitment Fee; any payments due on account of the indemnification obligations included in Section 2.10(e); any accrued and unpaid Unused Line Fee; and all unreimbursed costs and expenses of Agent for which the Borrowers are Borrower is responsible; and shall make such arrangements concerning any L/C’s then outstanding as are reasonably satisfactory to the Administrative Agent. Until such payment, all provisions of this Agreement, other than those contained in Article II which place an obligation on the Agent to make any loans or advances or to provide financial accommodations under the Revolving Credit or otherwise, shall remain in full force and effect until all Liabilities shall have been paid in fullfull (other than contingent indemnity obligations for which the Agent has established cash reserves in such amounts as it reasonably deems necessary). The release by the Collateral Agent of the Collateral Interests granted the Agent by the Obligors Borrower hereunder may be upon such conditions and indemnifications as the Collateral Agent may requirerequire and which are consistent with customary practices in the asset-based lending industry.

Appears in 1 contract

Samples: Loan and Security Agreement (RoomStore, Inc.)

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Actions on Termination. On the Termination Date, the Borrowers Borrower shall pay the Administrative Agent Lender (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the entire balance of the Loan Account (including the unpaid principal balance of the Revolving Credit Loans); any then remaining installments of the Revolving Credit Commitment Fee; any payments due on account then remaining installments of the indemnification obligations included in Section 2.10(e)Facility Fee; any accrued and unpaid Unused Line Fee; and all unreimbursed costs and expenses of Agent Lender; for which the Borrowers are Borrower is responsible; and shall make such arrangements concerning any L/C’s 's then outstanding are reasonably satisfactory to the Administrative AgentLender. Until such payment, all provisions of this Agreement, other than those contained in Article II 2: which place an obligation on the Agent Lender to make any loans or advances or to provide financial accommodations under the Revolving Credit or otherwise, shall remain in full force and effect until all Liabilities shall have been paid in full. The release by the Collateral Agent Lender of the Collateral Interests granted the Agent Lender by the Obligors Borrower hereunder may be upon such conditions and indemnifications as the Collateral Agent Lender may require.

Appears in 1 contract

Samples: Loan and Security Agreement (Bakers Footwear Group Inc)

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