Termination of Loan Agreements Sample Clauses

Termination of Loan Agreements. The Sellers shall have caused the Company to terminate all loan agreements between the Company, as lender, and Thales, as borrower, and repayment by Thales of all amounts due to the Company under such loan agreements.
Sample 1
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Termination of Loan Agreements. Borrower, Parent and Lender each hereby agree that the Loan Agreements shall terminate upon the date (the “Termination Date”) when (i) each condition precedent under Article VII of the Omnibus Agreement has been satisfied or waived, (ii) each transaction, as set forth in Section 8.2 of the Omnibus Agreement, has occurred or been waived, and (iii) the Closing (as defined in the Omnibus Agreement) has occurred. Upon termination of the Loan Agreements on the Termination Date as provided herein, none of the parties thereto shall have any further obligation to any of the other parties thereunder. The termination of the Loan Agreements, and the mutual releases set forth in Section 3 hereof, shall represent full and complete satisfaction of all obligations of Borrower, Parent and Lender to each other under each of the Loan Agreements to which they are a party, including, without limitation, all amounts owed by Borrower to Lender under the Note and any obligation to extend financing by Lender to Borrower.
Sample 1
Termination of Loan Agreements. As a condition of the execution and delivery of this Agreement, the Company hereby agrees with each Buyer (and/or each Prior Buyer, as applicable), severally, to terminate each of the Existing Loan Agreements to which such Buyer (and/or Prior Buyer, as applicable) is a party as described on Schedule 1(e) attached hereto. The Company hereby represents and warrants to each Buyer (and/or each Prior Buyer, as applicable) that, as of the date hereof and after giving effect to this Section 1(e), each of the Existing Loan Agreements shall have been terminated and are of no further force and effect.
Sample 1
Termination of Loan Agreements. On or prior to the Closing Date both the Financing Agreement dated as of January 10, 2002 by AT Plastics Inc. and the Regiment Capital II, L.P. and the Credit Agreement dated as of January 10, 2002 by AT Plastics Inc. and Peninsula Fund III, L.P. shall have been terminated and all obligations thereunder discharged.
Sample 1
Termination of Loan Agreements. As partial consideration for the Cash Payment, KRONOS and HoMEDICS hereby agree to terminate the Loan Agreements, including, but not limited to any anti-dilution provisions contained therein, and further acknowledge and agree that neither KRONOS nor HoMEDICS shall have any further obligations under the Loan Agreements. HoMEDICS and KRONOS hereby agree that, upon timely receipt of the Cash Payment as set forth in Section 2(A) herein, the Loan Agreements shall be immediately and automatically terminated and neither KRONOS nor HoMEDICS nor any affiliate, purchaser, assignee or transferee of KRONOS or HoMEDICS shall have any rights with respect to the Loan Agreements.
Sample 1
Termination of Loan Agreements. If (i) Loanpal has terminated this Agreement pursuant to Section 6.1.2 and Loanpal elects not to fund an existing Loan Agreement that has not already reached a Loan Funding Date or (ii) Installer fails to achieve a substantial completion of Installation per the Program Specifications; Loanpal will no longer be obligated to fund the terminated Project and shall provide notice of such termination to Installer (a “Loan Termination”).
Sample 1
Termination of Loan Agreements. For the avoidance of any doubt, the Loan Agreements and all other documents executed in connection with the Loan Agreements are hereby terminated and no longer remain in full force and effect.
Sample 1
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Related to Termination of Loan Agreements

  • Reaffirmation of Loan Agreement Except as modified by the terms hereof, all of the terms and conditions of the Loan Agreement, as amended, and all other of the Existing Financing Agreements are hereby reaffirmed and shall continue in full force and effect as therein written.

  • Termination of Loans In addition to BTC’s authority to terminate a loan of Securities pursuant to the terms of the applicable Securities Lending Agreement as described in Section 2.4 above, BTC shall terminate any Securities loan to a Borrower in accordance with the applicable Securities Lending Agreement promptly:

  • Termination of Existing Credit Agreements The Company and each of the Banks that is also a "Bank" party to the Existing Credit Agreements agrees that the "Commitments" as defined in the Existing Credit Agreements shall be terminated in their entirety on the Effective Date. Each of such Banks waives (a) any requirement of notice of such termination pursuant to Section 2.09 of the Existing Credit Agreements and (b) any claim to any facility fees or other fees under the Existing Credit Agreements for any day on or after the Effective Date. Each of the Company and the Borrower (i) represents and warrants that (x) after giving effect to the preceding sentences of this Section 10.07, the commitments under the Existing Credit Agreements will be terminated effective not later than the Effective Date, (y) no loans are, as of the date hereof, or will be, as of the Effective Date, outstanding under the Existing Credit Agreements and (ii) covenants that all accrued and unpaid facility fees and any other amounts due and payable under the Existing Credit Agreements shall have been paid on or prior to the Effective Date.

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply:

  • Modification of Loan Documents, etc Neither the Administrative Agent nor any other Secured Party shall incur any liability to any Guarantor as a result of any of the following, and none of the following shall impair or release this Guaranty or any of the obligations of any Guarantor under this Guaranty:

  • Reaffirmation of Loan Documents Any and all of the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect. This Amendment shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations as it may be increased pursuant hereto. This Amendment constitutes a Loan Document.

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

  • RATIFICATION OF LOAN DOCUMENTS Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations.

  • Execution of Loan Documents Unless the Administrative Agent otherwise specifies with respect to any Loan Document, (a) this Agreement and any other Loan Document may be executed in any number of counterparts and any party hereto or thereto may execute any counterpart, each of which when executed and delivered will be deemed to be an original and all of which counterparts of this Agreement or any other Loan Document, as the case may be, when taken together will be deemed to be but one and the same instrument and (b) execution of any such counterpart may be evidenced by a telecopier transmission of the signature of such party. The execution of this Agreement or any other Loan Document by any party hereto or thereto will not become effective until counterparts hereof or thereof, as the case may be, have been executed by all the parties hereto or thereto.

  • Confirmation of Loan Documents Except as expressly contemplated hereby, the terms, provisions, conditions and covenants of the Credit Agreement, as amended by this Amendment, and the other Loan Documents remain in full force and effect and are hereby ratified and confirmed, and the execution, delivery and performance of this Amendment shall not, except as expressly set forth in this Amendment, operate as a waiver of, consent to or amendment of any term, provision, condition or covenant thereof. Without limiting the generality of the foregoing, except pursuant hereto or as expressly contemplated or amended hereby, nothing contained herein shall be deemed: (a) to constitute a waiver of compliance or consent to noncompliance by any Loan Party with respect to any term, provision, condition or covenant of the Credit Agreement or any other Loan Document; (b) to prejudice any right or remedy that the Administrative Agent or any Lender may now have or may have in the future under or in connection with the Credit Agreement or any other Loan Document; or (c) to constitute a waiver of compliance or consent to noncompliance by the Borrower with respect to the terms, provisions, conditions and covenants of the Credit Agreement and the other Loan Documents made the subject hereof.

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