Common use of Early Termination by Borrower Clause in Contracts

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 7 contracts

Samples: Credit Agreement (Actuate Corp), Credit Agreement (Powerwave Technologies Inc), Credit Agreement (Stanadyne Holdings, Inc.)

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Early Termination by Borrower. Borrower has the option, at any time upon 10 5 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying repaying to Agent all of the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 7 contracts

Samples: Credit Agreement (Alaska Air Group Inc), Credit Agreement (American Pacific Corp), Credit Agreement (Unify Corp)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Revolver Commitments hereunder by paying to Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 6 contracts

Samples: Credit Agreement (TrueBlue, Inc.), Credit Agreement (MDC Partners Inc), Credit Agreement (MDC Partners Inc)

Early Termination by Borrower. Borrower has Borrowers have the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying repaying to Agent all of the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full. Borrowers shall not be liable for any early termination penalty or premium in connection with any termination under this Section, but shall be liable for any applicable Funding Losses in connection therewith in accordance with Section 2.12.

Appears in 4 contracts

Samples: Credit Agreement (Hampshire Group LTD), Credit Agreement (Hampshire Group LTD), Credit Agreement (Hampshire Group LTD)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying repaying to Agent all of the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 4 contracts

Samples: Credit Agreement (Magma Design Automation Inc), Credit Agreement (CDC Software CORP), Credit Agreement (Federal Signal Corp /De/)

Early Termination by Borrower. Borrower has the option, at any time upon 10 2 Business Days prior written notice by Borrower to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent Agent, in cash, the Obligations (including (a) providing Letter in full. If Borrower has sent a notice of Credit Collateralization with respect termination pursuant to the provisions of this Section, then existing Letter the Commitments shall terminate and Borrower shall be obligated to repay in cash the Obligations in full on the date set forth as the date of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), termination of this Agreement in fullsuch notice.

Appears in 3 contracts

Samples: Registration Rights Agreement (Bakers Footwear Group Inc), Registration Rights Agreement (Bakers Footwear Group Inc), Registration Rights Agreement (Bakers Footwear Group Inc)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days (or a shorter time if agreed by Agent) prior written notice to Agent, to terminate this Agreement and terminate the Revolver Commitments hereunder by paying repaying to Agent all of the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 3 contracts

Samples: Credit Agreement (Oclaro, Inc.), Credit Agreement (Oclaro, Inc.), Credit Agreement (Oclaro, Inc.)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days thirty (30) days prior written notice to Agent, to terminate this Agreement and terminate by repaying to Agent all of the Obligations in full. If Borrower has sent a notice of termination pursuant to the provisions of this Section 3.5, then the Commitments hereunder by paying shall terminate and Borrower shall be obligated to Agent repay the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full, on the date set forth as the date of termination of this Agreement in such notice.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.)

Early Termination by Borrower. Borrower has the option, at any time upon 10 3 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 2 contracts

Samples: Credit Agreement (Landrys Restaurants Inc), Credit Agreement (Landrys Restaurants Inc)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Administrative Agent, to terminate this Agreement and the other Loan Documents and to terminate the Commitments hereunder by paying to Administrative Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter outstanding Letters of Credit UsageCredit, and (b) providing Bank Product Collateralization with respect to the then existing Bank Productsextent contemplated in the definition thereof and in Section 17.5(c), ) in full.

Appears in 2 contracts

Samples: Credit Agreement (Watsco Inc), Credit Agreement (Watsco Inc)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by indefeasibly paying to Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 2 contracts

Samples: Credit Agreement (Realpage Inc), Credit Agreement (Realpage Inc)

Early Termination by Borrower. Borrower has the option, at any time upon 10 5 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Revolver Commitments hereunder by paying repaying to Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 2 contracts

Samples: Credit Agreement (Horizon Lines, Inc.), Credit Agreement (Horizon Lines, Inc.)

Early Termination by Borrower. Borrower has the option, at any time upon 10 5 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 1 contract

Samples: Credit Agreement (Utstarcom Inc)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days (or such shorter time as Agent may agree) prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying repaying to Agent all of the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 1 contract

Samples: Credit Agreement (Patrick Industries Inc)

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Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent Agent, in cash, the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 1 contract

Samples: Credit Agreement (Captaris Inc)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, Usage and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 1 contract

Samples: Credit Agreement (Jamba, Inc.)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days ninety (90) days prior written notice to Agent, to terminate this Agreement and terminate by repaying to Agent all of the Obligations in full. If Borrower has sent a notice of termination pursuant to the provisions of this Section 3.6, then the Commitments hereunder by paying shall terminate and Borrower shall be obligated to Agent repay the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full., on the date set forth as the date of termination of this Agreement in such notice. In the

Appears in 1 contract

Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 1 contract

Samples: Guarantied Credit Agreement (Stanadyne Holdings, Inc.)

Early Termination by Borrower. Borrower has the option, at any time upon 10 3 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent Agent, in cash, the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit UsageCollateralization, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.and

Appears in 1 contract

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

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying repaying to Agent all of the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 1 contract

Samples: Credit Agreement (THQ Inc)

Early Termination by Borrower. Borrower has The Borrowers have the option, at any time upon 10 Business Days prior written notice to Agentthe Agents, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent the Agents (as applicable) the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full.

Appears in 1 contract

Samples: Senior Revolving Credit Agreement (Bumble Bee Capital Corp.)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by paying to Agent (as applicable) the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products)Obligations, in full.

Appears in 1 contract

Samples: Senior Term Loan Credit Agreement (Bumble Bee Capital Corp.)

Early Termination by Borrower. Borrower has the option, at any time upon 10 Business Days ninety (90) days prior written notice to Agent, to terminate this Agreement and terminate by repaying to Agent all of the Obligations in full. If Borrower has sent a notice of termination pursuant to the provisions of this Section 3.5, then the Commitments hereunder by paying shall terminate and Borrower shall be obligated to Agent repay the Obligations (including (a) providing Letter of Credit Collateralization with respect to the then existing Letter of Credit Usage, and (b) providing Bank Product Collateralization with respect to the then existing Bank Products), in full, on the date set forth as the date of termination of this Agreement in such notice.

Appears in 1 contract

Samples: Loan and Security Agreement (Hercules Capital, Inc.)

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