Termination by Borrower. Upon at least sixty (60) days prior written notice to Lender, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Termination by Borrower. Borrower may terminate this agreement by sending written notice to Agent and paying in full all Obligations. If this Agreement is terminated, Lenders' and Agent's lien and security interest in the Collateral shall continue until Borrower fully satisfies the Obligations.
Termination by Borrower. The Borrower may terminate this Agreement at any time and, subject to payment and performance of all Obligations, may obtain any release or termination of the Security Interest to which the Borrower is otherwise entitled by law by (i) giving at least 30 days' prior written notice to the Lender of the Borrower's intention to terminate this Agreement, and (ii) paying the Lender a prepayment fee in accordance with subsection (b) if the Borrower terminates this Agreement effective as of any date other than a Maturity Date; provided, however, if the Borrower elects to terminate this Agreement, the Borrower must also terminate the Hydra-Mac Credit Agreement, in accordance with Section 2.6(a) of such agreement, and the D&E Credit Agreement in accordance with Section 2.5(a) of such agreement.
Termination by Borrower. Upon at least 90 days prior written notice to Agent, Borrower may, at its option, terminate the Commitments; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied all of the Obligations. Any notice of termination given by Borrower shall be irrevocable unless Agent otherwise agrees in writing. Borrower may elect to terminate the Commitments in their entirety only; provided, that nothing contained herein shall affect Borrower's right to reduce the Commitments as provided in Section 1.1.5 of this Agreement. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrower singly.
Termination by Borrower. Upon at least ten (10) days prior written notice to Lender, Borrower may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing and no Lender shall have any obligation to make any Advances on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement may be terminated singly.
Termination by Borrower. Upon at least 30 days prior written notice to CIT, Borrower may, at its option, terminate this Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied all of the Obligations. For purposes hereof, the Obligations shall not be deemed to have been satisfied until all Obligations for the payment of money have been paid to CIT in same day funds and all Obligations that are at the time in question contingent (including, all LC Outstandings that exist by virtue of an outstanding Letter of Credit) have been cash collateralized in an amount equal to 110% of the face amount of such contingent Obligations in favor and to the satisfaction of CIT or CIT has received as beneficiary a letter of credit in form and from an issuing bank acceptable to CIT and providing for direct payment to CIT of all such contingent Obligations at the time they become fixed (including reimbursement of all sums paid by CIT under any LC Guaranty). Any notice of termination given by Borrower shall be irrevocable unless CIT otherwise agrees in writing. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement may be terminated singly.
Termination by Borrower. Borrower may terminate this Agreement at any time on or before upon not less than thirty (30) calendar days’ prior written notice to Lender and upon full performance and indefeasible payment in full in cash of all Obligations (other than indemnity obligations with respect to which no claim has been made) on or prior to such 30th calendar day after Receipt by Lender of such written notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Termination by Borrower. This agreement shall continue in effect until terminated upon not less than 30 days' prior written notice delivered by the Borrower certified mail to Lender by certified mail. Termination shall not impair or affect the Lender's rights existing as of the time notice of Termination is given. Borrowers obligations with respect to payment of any Termination fee shall be fixed and owing as of date such notice is given and not when such notice becomes effective. In the event that the Borrower gives notice to the Lender of the termination of this Agreement under Section VII hereof at any time prior to the second anniversary of the date of this Agreement, the Borrower will pay to the Lender a prepayment charge, as additional compensation for the Lender's costs of entering into this Agreement, in the amount of (i) three percent (3%) of the maximum aggregate amount of the Advances if the notice of termination occurs prior to the first anniversary of the date of this Agreement; and (ii) two percent (2%) of the maximum aggregate amount of the Advances if the notice of termination occurs after the first anniversary, but prior to the second anniversary, of the date of this Agreement unless the outstanding amount of our obligations hereunder are refinanced in full by an affiliate of U.S. Bancorp.
Termination by Borrower. So long as NCBC, in its sole discretion, is willing to make loans to Borrower for ordinary working capital purposes subject to the availability of collateral deemed eligible by NCBC, Borrower may terminate this Agreement and (subject to payment and performance of all outstanding secured obligations) may obtain any release or termination of the Security Documents to which Borrower is otherwise entitled by law, effective only on the second or any subsequent anniversary date of this Agreement, and then only if NCBC receives at least 60 days' prior written notice of Borrower's intent to terminate this Agreement effective on such anniversary date; provided however, notwithstanding the foregoing provisions of this Paragraph 8, Borrower may terminate this Agreement at any time upon payment to NCBC of a prepayment penalty of Twenty Thousand Dollars ($20,000.00) and satisfaction of all indebtedness and other obligations of Borrower under this Agreement pursuant to the next succeeding sentence of this Paragraph 8. Upon any such termination, all obligations of Borrower under this Agreement and the Security Documents shall remain in full force and effect until all indebtedness under this Agreement and all other debts, liabilities and obligations of Borrower secured by the Security Documents or any other collateral security have been fully paid and satisfied.
Termination by Borrower. (a) Borrower may terminate this Agreement, without penalty, upon any anniversary date of the execution hereof by giving Lender no less than sixty (60) days prior written notice. Borrower may rescind a termination notice to Lender at any time prior to the anniversary date referred to in this paragraph. This Agreement shall terminate upon the anniversary date if and only if the Borrower has on the anniversary date paid to the Lender in full all of the Obligations.