Early Termination of Commitment Clause Samples
Early Termination of Commitment. The Borrower may at any time terminate the Bank's (including any Offshore Credit Provider's) commitment to extend credit hereunder by giving no less than five Business Days' prior notice to the Bank and paying in full the entire amount of credit outstanding hereunder (including the L/C Outstanding Amount and Bank Guaranty Outstanding Amount), together with any sums due under Section 3.11. Payments to be applied to outstanding letters of credit and drafts accepted under letters of credit and Bank Guaranties may, at the Bank's option, be used to prepay, or held as cash collateral to secure, the Borrower's and Acceptable Subsidiaries' obligations to the Bank with respect thereto. All accrued commitment fees to, but not including the effective date of any termination of the commitment, shall be paid on the effective date of such termination.
Early Termination of Commitment. 13 ARTICLE III Extensions of Credit, Payments and Interest Calculations . . . 14
Early Termination of Commitment. The Borrower may at any time terminate the Bank's commitment to extend credit hereunder by giving no less than five Business Days' prior notice to the Bank and paying in full the entire amount of credit outstanding hereunder, together with any sums due under Section 3.11. All accrued commitment fees to, but not including the effective date of any termination of the commitment, shall be paid on the effective date of such termination. 7
Early Termination of Commitment. The Borrower may at any time terminate or permanently reduce by increments of $1,000,000 the Bank's (including any Offshore Credit Provider's) commitment to extend credit hereunder by giving no less than five Business Days' prior notice to the Bank and paying in full the entire amount of credit outstanding hereunder (including the L/C Outstanding Amount) or, in the case of a reduction of the commitment, that amount which is in excess of the reduced commitment, together with any sums due under Section 3.
Early Termination of Commitment. Subject to the terms and ------------------------------- conditions of this Agreement, Borrower will be entitled to reborrow all or any part of the principal of the Loans repaid or prepaid prior to the termination of the Lender's commitment. if the Lender's commitment to make Loans hereunder shall be terminated by Lender pursuant to Section 8.2 (a), the Lender shall be entitled to declare all of the obligations to be immediately due and payable pursuant to Section 8.2(b).
Early Termination of Commitment. 14 (e) Borrower's Right to TerminateLender's Commitment. . . .14