Termination of Credit. 62 11.8 Notices.....................................................62 11.9 Assignments and Participations; Information.................63
Termination of Credit. (a) Unless the Termination Date is extended pursuant to clause (b) of this Section 11.7, the Credit shall terminate on the then-scheduled Termination Date. Borrower may terminate the Credit at any time prior to the Termination Date upon notice to Lender and payment in full of the outstanding principal balance of the Loans and all other Liabilities. All of Lender's rights and remedies, the liens and security interests of Lender in the Collateral and the Third Party Collateral and all of Borrower's duties and obligations under this Agreement shall survive termination of the Credit extended to Borrower hereunder until all of the Liabilities have been finally paid and performed in full. The termination or cancellation of the Credit shall not affect or impair the liabilities and obligations of Borrower or any one or more of the Obligors to Lender or Lender's rights with respect to any Loans and advances made and other Liabilities incurred prior to such termination or with respect to the Collateral or any Third Party Collateral.
Termination of Credit. The Company reserves the right to terminate credit sales to the patron at any time without prior notification, and in addition thereto, no additional credit purchases will be allowed to any account that is over 30 days past due.
Termination of Credit. Borrowers may terminate the Credit at any time upon notice to Administrative Agent and payment in full of the outstanding principal balance of the Loans and all other Payment Liabilities under this Agreement and the Related Agreements, as provided in Section 2.1.2. All of each Agent's and each Lender's rights and remedies, the Liens of Administrative Agent on the Collateral, for the benefit of Agents and Lenders, and all of each Borrower's duties and obligations under this Agreement shall survive termination of the Credit extended to Borrowers hereunder until all of the Payment Liabilities hereunder have been finally paid and performed in full and this Agreement has been terminated. The termination or cancellation of the Credit shall not affect or impair the liabilities and obligations of either Borrower or any one or more of the Obligors to Agents and Lenders or each Agent's and each Lender's rights with respect to any Loans and advances made and other Liabilities incurred prior to such termination or with respect to the Collateral.
Termination of Credit. Upon a Change in Control, the Lender may, by notice to the Company, terminate the obligation of the Lender to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice. If the Lender shall terminate the credit hereunder and shall elect to accept the offer to prepay under (d) above, then this Agreement, the Reducing Revolving Credit and the other Loan Documents shall terminate effective upon such prepayment without further payment or liability on the part of the Company.
Termination of Credit. If any Event of Default shall occur, any unused portion of the Total Commitment Amount hereunder shall forthwith terminate and the Banks shall be relieved of all obligations to make Loans to, and the Agent shall be relieved of all obligations to issue Letters of Credit for the account of, any of the Borrowers; or if on any Drawdown Date the conditions precedent to the making of the Loans to be made on such Drawdown Date or the issuance of any Letters of Credit to be issued on such date are not satisfied (except as a consequence of a default on the part of the Agent or any Bank), the Agent may by Notice to the Borrowers, terminate the unused portion of the Total Commitment Amount hereunder, and upon such Notice being given such unused portion of the Total Commitment Amount hereunder shall terminate immediately and the Banks shall be relieved of all further obligations to make Loans to, and the Agent shall be relieved of all further obligations to issue Letters of Credit for the account of, the Borrowers hereunder. No termination of any portion of the Total Commitment Amount hereunder shall relieve the Borrowers of any of their existing Obligations to the Banks hereunder or elsewhere.
Termination of Credit. Unless otherwise terminated pursuant to the terms of this Agreement, the Credit shall terminate on the Termination Date. Borrower may terminate the Credit at any time upon notice to Lender and payment in full of the outstanding principal balance of the Loans and all other Liabilities under this Agreement and the Related Agreements, as provided in SECTION 2.1.2. All of Lender's rights and remedies, the liens and security interests of Lender in the Collateral and all of Borrower's duties and obligations under this Agreement shall survive termination of the Credit extended to Borrower hereunder until all of the Liabilities hereunder have been finally paid and performed in full. The termination or cancellation of the Credit shall not affect or impair the liabilities and obligations of Borrower or any one or more of the Obligors to Lender or Lender's rights with respect to any Loans and advances made and other Liabilities incurred prior to such termination or with respect to the Collateral or any Third Party Collateral.
Termination of Credit. The Company reserves the right to terminate credit sales to patron at any time without prior notification, and in addition thereto, no additional credit purchases will be allowed to any account that is over 30 days past due. CHANGE IN TERMS: This agreement may be changed by the Company to increase the FINANCE CHARGE, change the due date, change the billing cycle, change the method of calculating the FINANCE CHARGE, or change matters of a similar nature within the limitations of applicable law. Notice of any such change shall be given to the patron 30 days prior to the effective date of charge. SECURITY FOR ACCOUNT: Any purchase(s) made pursuant to this agreement may be secured by a separate security interest and lien on any goods sold. Additionally, the Company shall have a lien upon all non-stock capital accounts or credits the Company holds on behalf of a member or participating patron, which lien may be exercised only at the discretion and direction of the Board of Directors. Credit patron(s) hereby authorizes Company to execute and file on behalf of the credit patron(s) any such UCC financing and continuation statements as Company deems necessary to perfect its security interest in the Collateral. COLLECTION/ATTORNEY FEES: Credit patron agrees to pay the reasonable costs of collection, including, but not limited to attorney and collection agency fees (but not both), and court costs, but such fees may not exceed 15% of the unpaid debt after default, in accordance with KSA 16a-2-507 (to the extent applicable), or as hereafter amended.
Termination of Credit. The Credit shall terminate on the then scheduled Termination Date. Borrower may terminate the Credit at any time upon notice to Lender and payment in full of the outstanding principal balance of the Loans and all other Liabilities. The termination or cancellation of the Credit shall not affect or impair the liabilities and obligations of Borrower or any one or more of the Obligors to Lender or Lender's rights with respect to any Loans and advances made and other Liabilities incurred prior to such termination or with respect to the Collateral or any Third Party Collateral. All of Lender's rights and remedies, the liens and security interests of Lender in the Collateral and all of Borrower's duties and obligations under this Agreement shall survive termination of the Credit until all of the Liabilities have been finally paid and performed in full (including termination of any and all outstanding Letters of Credit or, in the alternative, provision of adequate cash collateral for any such outstanding Letters of Credit to Lender), at which time this Agreement and the Related Agreements shall terminate (except any provisions hereof or thereof which by their terms survive such termination).
Termination of Credit. If any Event of Default shall occur, the Bank ----------- -- ------ may, by notice to the Borrower, terminate the unused portion of the Total Commitment hereunder, and upon such notice being given such unused portion of the Total Commitment hereunder shall terminate immediately and the Bank shall be relieved of all further obligations to make Loans to the Borrower, to issue Credit Instruments for the account of the Borrower hereunder, to make ACH Advances to the Borrower and to effect Foreign Exchange Transactions for the Borrower, provided that if an Event of Default specified in (S)(S)11(g) or (h) -------- hereof shall occur, the Total Commitment shall terminate without the requirement of notice from the Bank. No termination of any portion of the Total Commitment hereunder shall relieve the Borrower of any of its existing Obligations to the Bank hereunder or elsewhere. Upon termination of the Total Commitment under this (S)2.8, all Loans, all ACH Advances and all amounts outstanding with respect to Foreign Exchange Transactions shall become immediately due and payable.
