Common use of Termination; Repayment Clause in Contracts

Termination; Repayment. The Revolving Line terminates on the Revolving Maturity Date, when the principal amount of all Advances and the unpaid interest thereon, shall be immediately due and payable. Borrower may pre-pay the principal amount of all Advances and the unpaid interest thereon at any time without penalty prior to the Revolving Maturity Date. The Borrower may terminate this Agreement upon repayment of all Obligations to the Bank hereunder.

Appears in 1 contract

Sources: Loan and Security Agreement (Color Kinetics Inc)

Termination; Repayment. The Revolving Line terminates on the Revolving Maturity Date, when the principal amount of all Advances and the unpaid interest thereon, shall be immediately due and payable. The Borrower may pre-pay the principal amount of all Advances and the unpaid interest thereon at any time without penalty prior to all or a portion of the Revolving Line before the Revolving Maturity Date. The Borrower may terminate this Agreement upon repayment of all Obligations to the Bank hereunder.

Appears in 1 contract

Sources: Loan and Security Agreement (Open Solutions Inc)

Termination; Repayment. The Committed Revolving Line terminates on the Revolving Maturity Date, when the principal amount of all Advances and the unpaid interest thereon, shall be immediately due and payable. Borrower may pre-pay Notwithstanding the principal amount of all Advances and foregoing,, the unpaid interest thereon at any time without penalty prior to the Revolving Maturity Date. The Borrower may terminate this Agreement upon repayment prior Maturity Date, provided that, at such time of termination all Obligations due to the Bank hereunderBank, shall be paid in full.

Appears in 1 contract

Sources: Loan and Security Agreement (Athenahealth Inc)

Termination; Repayment. The Revolving Line terminates on the Revolving Maturity Date, when the principal amount of all Advances and Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. Borrower may pre-pay Provided that all Obligations hereunder have been repaid, the principal amount of all Advances and the unpaid interest thereon at any time without penalty prior to the Revolving Maturity Date. The Borrower may terminate this Agreement without penalty or premium at any time upon repayment of all Obligations not less than five (5) Business Days prior written notice to the Bank hereunderBank.

Appears in 1 contract

Sources: Loan and Security Agreement (Axs One Inc)