Common use of Termination by Borrowers Clause in Contracts

Termination by Borrowers. Upon at least thirty (30) days prior written notice to Agent, Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 2 contracts

Sources: Senior Secured Revolving Credit and Guaranty Agreement (Euramax International, Inc.), Senior Secured Revolving Credit and Guaranty Agreement (Euramax International, Inc.)

Termination by Borrowers. Upon at least thirty (30) 30 days prior written notice to Agent, Borrowers any Borrower may, at their its option, terminate the Commitments; provided, however, no such termination by Borrowers any Borrower shall be effective until Full Payment Borrowers have satisfied all of the ObligationsObligations and executed in favor of and delivered to Agent and Lenders a general release of all Claims that Borrowers may have against Agent or any Lender. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Rowe Companies)

Termination by Borrowers. Upon at least thirty (30) 90 days prior written notice to Agent, Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, only provided that Borrowers may nothing contained herein shall affect Borrowers’ right to voluntarily reduce the Revolving Revolver Commitments as provided in accordance with Section 2.2(e) hereof2.2. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Mastec Inc)

Termination by Borrowers. Upon at least thirty (30) 90 days prior written notice to Agent, Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, only provided that Borrowers may nothing contained herein shall affect Borrowers' right to voluntarily reduce the Revolving Revolver Commitments as provided in accordance with Section 2.2(e) hereofSECTION 2.2. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Mastec Inc)

Termination by Borrowers. Upon at least thirty (30) 30 days prior written notice to AgentLender, Borrowers may, at their option, terminate the CommitmentsCommitment; provided, however, no such termination by Borrowers shall be effective until Full Payment of the ObligationsObligations (other than contingent indemnification obligations for which no claim has been made). Any notice of termination given by Borrowers shall be irrevocable unless Agent Lender otherwise agrees in writing. Borrowers may elect to terminate the Commitments Commitment in their its entirety only, provided, provided that Borrowers may nothing contained herein shall affect Borrowers’ right to voluntarily reduce the Revolving Commitments Commitment as provided in accordance with Section 2.2(e) hereof2.1.5. No section of this Agreement, Type of Loan available hereunder Agreement or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Sources: Post Petition Loan and Security Agreement (Insight Health Services Holdings Corp)

Termination by Borrowers. Upon at least thirty (30) 60 days prior written notice to Agent, Borrowers any Borrower may, at their its option, terminate the Commitments; provided, however, no such termination by Borrowers any Borrower shall be effective until Full Payment Borrowers have satisfied all of the ObligationsObligations and executed in favor of and delivered to Agent and Lenders a general release of all Claims that Borrowers may have against Agent or any Lender. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Integrated Electrical Services Inc)

Termination by Borrowers. Upon at least thirty (30) days days’ prior written notice to AgentAgent and Lenders, Borrowers may, at their its option, terminate the Commitmentsthis Agreement; provided, however, that no such termination by Borrowers shall be effective until Full Payment Borrowers have complied with Section 2.2(d) and the terms of the Obligationsany Fee Letter. Any notice of termination given by Borrowers shall be irrevocable unless Agent all Lenders otherwise agrees agree in writingwriting and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate the Commitments this Agreement in their its entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type Agreement or type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Sources: Credit and Security Agreement (CardioNet, Inc.)

Termination by Borrowers. Upon at least thirty (30) 10 days prior written notice to Agent, Borrowers any Borrower may, at their its option, terminate the Commitments; provided, however, no such termination by Borrowers any Borrower shall be effective until Full Payment Borrowers have satisfied all of the ObligationsObligations and executed in favor of and delivered to Agent and Lenders a general release of all Claims that Borrowers may have against Agent or any Lender. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Integrated Electrical Services Inc)

Termination by Borrowers. Upon at least thirty ninety (3090) days prior written notice to AgentLender, Borrowers may, at their option, terminate the Commitmentsthis Agreement; provided, however, no such termination by Borrowers shall be effective until Full Payment Borrowers have paid all of the ObligationsObligations in immediately available funds. Any notice of termination given by Borrowers 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. Borrowers may elect to terminate the Commitments this Agreement in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Agreement or Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

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

Termination by Borrowers. Upon at least thirty (30) 10 days prior written notice to Agent, Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, provided that Borrowers may nothing contained herein shall affect Borrowers' right to voluntarily reduce the Revolving Revolver Commitments as provided in accordance with Section 2.2(e) hereof2.1.5. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. Reserved .

Appears in 1 contract

Sources: Loan and Security Agreement (Alpharma Inc)