Common use of Termination by Borrower Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dixie Group Inc), Loan and Security Agreement (Dixie Group Inc)

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Termination by Borrower. Upon at least 90 days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 2 contracts

Samples: Loan and Security Agreement (KVH Industries Inc \De\), Loan and Security Agreement (Union Drilling Inc)

Termination by Borrower. Upon at least 90 forty-five (45) days ----------------------- prior written notice to AgentLender, Borrower Borrowers may, at its their option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied -------- ------- Borrowers have paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by any Borrower shall be deemed given by all Borrowers and shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans. Borrower Borrowers may elect to terminate the Commitments this Agreement in their its 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 Agreement may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalon Community Services Inc)

Termination by Borrower. Upon at least 90 ninety (90) days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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, Agreement or Type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Supply Group Inc)

Termination by Borrower. Upon at least 90 sixty (60) days prior ------------------------ written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Seranova Inc)

Termination by Borrower. Upon at least 90 days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; providedPROVIDED, howeverHOWEVER, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in full in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Rowecom Inc)

Termination by Borrower. Upon at least 90 ninety (90) days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing. Borrower may elect , and Lender shall have no obligation to terminate make any Loans on or after the Commitments termination date stated 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 singlysuch notice.

Appears in 1 contract

Samples: Loan and Security Agreement (Atlantic Coast Airlines Inc)

Termination by Borrower. Upon at least 90 ninety (90) days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Healthcare Products Inc)

Termination by Borrower. Upon at least 90 days thirty (30) days’ prior written notice to AgentAgent and Lenders, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, that no such termination by Borrower shall be effective until Borrower has satisfied complied with Section 2.2(f) and all of the ObligationsObligations have been paid. Any notice of termination given by Borrower shall be irrevocable unless Agent all Lenders otherwise agrees agree in writingwriting and no Lender shall have any obligation to make any Loans or issue or procure any Letters of Credit or Support Agreements on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Credit and Security Agreement (Staffing 360 Solutions, Inc.)

Termination by Borrower. Upon at least 90 60 days prior written notice to Administrative Agent, Borrower may, at its option, terminate this Agreement without penalty or premium (other than as may be required by the Commitmentsprovisions of Section 2.4); provided, however, that no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent the Required Lenders otherwise agrees agree in writing, and the Lender Group shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Questron Technology Inc)

Termination by Borrower. Upon at least 90 ninety (90) days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; providedPROVIDED, however, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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, Agreement or Type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Supply Group Inc)

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Termination by Borrower. Upon at least 90 45 days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, that no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Peregrine Real Estate Trust)

Termination by Borrower. Upon at least 90 forty-five (45) days prior written notice to AgentLender, Borrower Borrowers may, at its their option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied Borrowers have paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by any Borrower shall be deemed given by all Borrowers and shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans. Borrower Borrowers may elect to terminate the Commitments this Agreement in their its 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 Agreement may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalon Community Services Inc)

Termination by Borrower. Upon at least 90 ten (10) days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, that no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writingwriting 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 the Commitments this Agreement in their its 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 Agreement may be terminated by Borrower singly.

Appears in 1 contract

Samples: Revolving Credit Agreement (Northern Star Investment Corp. II)

Termination by Borrower. Upon at least 90 45 days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Subject only to Section 4.2.4 below, Borrower may elect to terminate the Commitments this Agreement in their its 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 only and no section of this Agreement, Type Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Electronics Boutique Holdings Corp)

Termination by Borrower. Upon at least 90 days ninety (00) xxxs prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writingwrixxxx, and Lender shall have no obligatiox xx xake any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Pure World Inc)

Termination by Borrower. Upon at least 90 ninety (90) days prior written notice to AgentLender, Borrower may, at its option, terminate the Commitmentsthis Agreement; providedPROVIDED, howeverHOWEVER, no such termination by Borrower shall be effective until Borrower has satisfied paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrower shall be irrevocable unless Agent Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans on or after the termination date stated in such notice. Borrower may elect to terminate the Commitments this Agreement in their its 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 Agreement or type of Loan available hereunder or Commitment may be terminated by Borrower singly.

Appears in 1 contract

Samples: Loan and Security Agreement (Media Sciences International Inc)

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