Common use of Revocation of Authorization Clause in Contracts

Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) business days after the date on which Lender actually receives written notice from Borrower expressly revoking the authority granted to the Lender to charge the Account for Payments in connection with the Line of Credit Loan. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Payments required under the terms of the Note.

Appears in 3 contracts

Samples: Loan Agreement (PJT Partners Inc.), Loan Agreement (PJT Partners Inc.), Loan Agreement (Evercore Partners Inc.)

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Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) business days after the date on which Lender actually receives written notice from Borrower expressly revoking the authority granted to the Lender to charge the Account for Payments in connection with the Line of Credit Loan. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s 's obligations under the Loan Documents, including Borrower’s 's obligations to continue to make all Payments required under the terms of the Note.

Appears in 3 contracts

Samples: Loan Agreement (Ascendant Solutions Inc), Loan Agreement (Ascendant Solutions Inc), Loan Agreement (Greenhill & Co Inc)

Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) business days Business Days after the date on which Lender actually receives written notice from Borrower expressly revoking the authority granted to the Lender to charge the Account for Payments in connection with the Line of Credit LoanAdvances. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Payments required under the terms of the NoteLoan Documents.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Hamilton Lane INC), Term Loan and Security Agreement (Hamilton Lane INC)

Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) business days Business Days after the date on which Lender actually receives written notice from Borrower expressly revoking the authority granted to the Lender to charge the Account for Payments in connection with the Line of Credit LoanExtensions. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Payments required under the terms of the Note.Loan Documents. (ii)

Appears in 1 contract

Samples: Revolving Loan and Security Agreement

Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) business days Business Days after the date on which Lender actually receives written notice from Borrower expressly revoking the authority granted to the Lender to charge the Account for Payments in connection with the Line of Credit LoanExtensions. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Payments required under the terms of the NoteLoan Documents.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Hamilton Lane INC)

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Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) business days Business Days after the date on which Lender Bank actually receives written notice from Borrower expressly revoking the authority granted to the Lender Bank to charge the Borrower’s Account for Automatic Payments in connection with the Line of Credit Loan. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Automatic Payments required under the terms of the Note.

Appears in 1 contract

Samples: Loan and Security Agreement (Mountain Acquisition Corp.)

Revocation of Authorization. Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) business days after the date on which Lender actually receives written notice from Borrower expressly revoking the authority granted to the Lender to charge the Account for Payments in connection with the Line of Credit Loan. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s obligations under the Loan Documents, including Borrower’s obligations to continue to make all Payments required under the terms of the Note.

Appears in 1 contract

Samples: Loan Agreement (PJT Partners Inc.)

Revocation of Authorization. Subject to the Section immediately following this Section6.3 below, this authorization shall continue in full force and effect until the date which is five (5) business days Business Days after the date on which Lender actually receives written notice from Borrower expressly revoking the authority granted to the Lender to charge the Account for Payments or elects to discontinue making Auto Debits into the Account in connection with the Line of Credit Term Loan. No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower’s 's obligations under the Term Loan Documents, including Borrower’s obligations to continue to make all Payments required under the terms of the Note.

Appears in 1 contract

Samples: Loan Agreement (Greenhill & Co Inc)

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