Common use of Early Termination by Borrower Clause in Contracts

Early Termination by Borrower. Borrower has the option, at any time upon 15 days prior written notice by Borrower to the Lender, to terminate this Agreement by paying to the Lender, in cash, the Obligations, in full. If Borrower has sent a notice of termination pursuant to the provisions of this Section, then Borrower shall be obligated to repay the Obligations, 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 (Atlanticus Holdings Corp), Loan and Security Agreement (Atlanticus Holdings Corp)

AutoNDA by SimpleDocs

Early Termination by Borrower. Borrower has the option, at any time time, upon 15 days thirty (30) days’ prior written notice by Borrower to the LenderBanks, to terminate this Agreement by paying to the LenderBanks, in cash, the Obligations, Obligations in full. If Borrower has sent a notice of termination pursuant to the provisions of this Section, then Borrower shall be obligated to repay the Obligations, in full, on the date set forth as the date of termination of this Agreement in such notice.

Appears in 2 contracts

Samples: Loan Agreement (Prospect Acquisition Corp), Loan Agreement (Prospect Acquisition Corp)

Early Termination by Borrower. Borrower has the option, at any time upon 15 45 days prior written notice by Borrower to the Agent and each Lender, to terminate this Agreement by paying to the LenderLenders, in cash, the Obligations, Obligations in full, together with any Term Loan Prepayment Fee. If Borrower has sent a notice of termination pursuant to the provisions of this Section, then Borrower shall be obligated to repay the Obligations, Obligations in full, on the date set forth as the date of termination of this Agreement set forth in such notice.

Appears in 2 contracts

Samples: Credit Agreement (Hawaiian Holdings Inc), Credit Agreement (Hawaiian Holdings Inc)

Early Termination by Borrower. Borrower has the option, at any time upon 15 90 days prior written notice by Borrower to the Lender, to terminate this Agreement by paying repayment in full to the Lender, in cash, Lender of the Obligations, in fullincluding the Applicable Early Termination Fee, if any. If Borrower has sent a notice of termination pursuant to the provisions of this SectionSection 3.6, then Lender’s obligations to extend credit hereunder shall terminate and Borrower shall be obligated to repay in full the Obligations, in fulltogether with the Applicable Early Termination Fee, if any, 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 (Fortegra Financial Corp)

Early Termination by Borrower. Borrower has the option, at any time upon 15 thirty (30) days prior written notice by Borrower to the Lender, to terminate this Agreement by paying to the LenderLender in full, in cash, the Obligations, in full. If Borrower has sent a notice of termination pursuant to the provisions of this Section, then Borrower shall be obligated to repay the Obligations, 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 (InPoint Commercial Real Estate Income, Inc.)

AutoNDA by SimpleDocs

Early Termination by Borrower. Borrower has the option, at any time upon 15 days 3 Business Days prior written notice by Borrower to the Lender, to terminate this Agreement by paying to the Lender, in cash, the Obligations, in full. If Borrower has sent a notice of termination pursuant to the provisions of this Section, then Lender’s obligations to extend credit hereunder shall terminate and Borrower shall be obligated to repay the Obligations, 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 (Freshpet, Inc.)

Early Termination by Borrower. Borrower has the option, at any time upon 15 10 days prior written notice by Borrower to the Lender, to terminate this Agreement by paying to the Lender, in cash, the Obligations, in full. If Borrower has sent a notice of termination pursuant to the provisions of this Section, then Lender's obligations to extend credit hereunder shall terminate as of the date of such notice and Borrower shall be obligated to repay the Obligations, Obligations in full, 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 (New World Restaurant Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.