Common use of Termination by Borrower Clause in Contracts

Termination by Borrower. (a) Borrower may terminate this Agreement without premium or penalty at any time on or after February 5, 1999, upon not less than ninety (90) days' prior written notice to Lender. Upon giving such notice, this Agreement shall thereafter terminate if and only if the Borrower has paid to the Lender in full all of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Bogen Communications International Inc)

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Termination by Borrower. (a) Borrower may terminate this Agreement without premium or penalty at any time on or after February 5, 1999, upon not less than ninety (90) days' days prior written notice to Lender. Upon giving such notice, this Agreement shall thereafter terminate if and only if the Borrower has paid to the Lender upon payment in full all of the Obligations, including all the fees set forth in the Fee Letter.

Appears in 1 contract

Samples: Credit, Term Loan and Security Agreement (Aaf McQuay Inc)

Termination by Borrower. (a) The Borrower may terminate this Agreement without premium or penalty at any time on subject to payment and performance of all Obligations, may obtain any release or after February 5, 1999, upon not less than ninety termination of the Security Interest to which the Borrower is otherwise entitled by law by (901) giving at least 30 days' prior written notice to Lender. Upon giving such noticethe Lender of the Borrower's intention to terminate this Agreement, this Agreement shall thereafter terminate if and only (2) paying the Lender a prepayment fee in accordance with Section 2.5(b) if the Borrower has paid to the Lender in full all terminates this Agreement effective as of the Obligationsany date other than a Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Vicom Inc)

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Termination by Borrower. (a) The Borrower may terminate this Agreement without premium or penalty at any time on subject to payment and performance of all Obligations, may obtain any release or after February 5, 1999, upon not less than ninety (90) termination of the Security Interest to which the Borrower is otherwise entitled by law by giving at least 30 days' prior written notice to Lender. Upon giving such noticethe Lender of the Borrower's intention to terminate this Agreement, this Agreement shall thereafter terminate if and only paying the Lender a prepayment fee in accordance with Section if the Borrower has paid to the Lender in full all terminates this Agreement effective as of the Obligations.any date other than a Termination Date. (b) (c)

Appears in 1 contract

Samples: Credit and Security Agreement (Minnesota Brewing Co)

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