Borrower’s Right to Terminate the Agreement Sample Clauses

Borrower’s Right to Terminate the Agreement. BORROWER may not terminate this Agreement at any time, unless agreed upon by both parties, and unless Lender breaches this contract in any way. If agreed to terminate by both parties the Lender shall return the Bank Instrument immediately with no liens and or encumbrances.
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Borrower’s Right to Terminate the Agreement. At any time during the term of the Sponsor Borrower Loan, Sponsor shall have the right to terminate this Agreement in full and the parties’ obligations under the Loan Documents, provided that (i) Borrower and Sponsor deliver to Lender 30 days advance written Notice of the revocable election to terminate this Agreement specifying the Expiration Date, (ii) Borrower repays all Indebtedness with respect to, the Sponsor Borrower Loan in full and (iii) Borrower performs all other Obligations under this Agreement, the Revolving Credit Note and the other Loan Documents. Upon Borrower’s compliance with the terms and provisions herein, Lender shall release the Liens granted hereunder and release and discharge Borrower from any and all Obligations under the other Loan Documents except as to environmental indemnifications under Sections 6.12 and 10.02 of the applicable Loan Agreement on the Expiration Date. Without limiting any other provision contained herein, in the event Sponsor shall revoke any such request to terminate Borrower’s Obligations under this Agreement in full and the parties’ Obligations under the Loan Documents, Borrower shall pay all costs and expenses incurred by Lender and Servicer in connection with such revocation, including, without limitation, Attorneys’ Fees and Costs.
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Borrower’s Right to Terminate the Agreement. Borrower may terminate this Agreement at any time, by sending a written notice to Lender. Borrower will return the Bank Instrument immediately till termination of the Agreement.
Sample 1
Borrower’s Right to Terminate the Agreement. Borrower shall have the right to terminate this Agreement in full and the parties' obligations under the Loan Documents at any time, provided that Borrower (i) delivers to Lender thirty (30) days advance written notice of its irrevocable election to terminate this Agreement specifying the Expiration Date (which must be the same date for any Fixed Rate Notes then outstanding and the Revolving Credit Note), (ii) repays all accrued interest on, and principal with respect to, the Loan in full and (iii) performs all Obligations under this Agreement, the Note and the other Loan Documents, including, but not limited to, Borrower's obligation to pay all fees specified in SECTION 2.13.4. In the event -------------- Borrower has complied with the requirements set forth in this SECTION 2.13.3, -------------- Lender shall release the Liens granted hereunder on the Expiration Date in accordance with SECTION 2.10. ------------
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Borrower’s Right to Terminate the Agreement. At any time during the term of the Loan, Borrower shall have the right to terminate this Agreement in full and the parties’ obligations under the Loan Documents, provided that Borrower (i) delivers to Lender thirty (30) days advance written Notice of its revocable election to terminate this Agreement specifying the Expiration Date, (ii) repays all accrued interest on, and principal with respect to, the Loan in full and (iii) performs all Obligations under this Agreement, the Revolving Credit Note and the other Loan Documents, including, but not limited to, Borrower’s obligations to pay all fees as specified in Section 2.13.4. In the event Borrower has complied with the requirements set forth in this Section 2.13.2, Lender shall release the Liens granted hereunder on the Expiration Date in accordance with Section 2.10. Without limiting any other provision contained herein, in the event Borrower shall revoke any such request to terminate its obligations under this Agreement in full and the parties’ obligations under the Loan Documents, Borrower shall pay all costs and expenses incurred by Lender and Servicer in connection with such revocation, including, without limitation, reasonable attorneys’ fees.
Sample 1
Borrower’s Right to Terminate the Agreement. At any time during the term of the Loan, Borrower shall have the right to terminate this Agreement in full and the parties' obligations under the Loan Documents, provided that Borrower (i) delivers to Lender thirty (30) days advance written Notice of its revocable election to terminate this Agreement specifying the Expiration Date, (ii) repays all accrued interest on, and principal with respect to, the Loan in full and (iii) performs all Obligations under this Agreement, the Note and the other Loan Documents, including, but not limited to, Borrower's obligations to pay all fees as specified in Section 2.13.4. In addition to the foregoing, upon receipt of Lender's written Notice pursuant to Section 2.4.6.2 hereof of Lender's redetermination of the Net Spread applicable to the Revolving Credit Note from and after the third anniversary of the Closing Date, Borrower shall have the one-time right (the "Revolving Credit Note Re-pricing Termination Option") to terminate this Agreement in full and the parties' obligations under the Loan Documents as of the third anniversary of the Closing Date; provided that, Borrower must satisfy the conditions set forth in the first sentence of this Section 2.13.2; provided, further, that if (x) Lender's redetermination of the Net Spread applicable on and after the third anniversary of the Closing Date in accordance with Section 2.4.6.2 results in the Net Spread being greater than the Net Spread applicable on the Closing Date and (y) Borrower elects the Revolving Credit Note Re-Pricing Termination Option, Borrower shall not be required to pay the fees set forth in Section 2.13.4 hereof (except for the Prepayment Fees specified therein). In the event Borrower has complied with the requirements set forth in this Section 2.13.2. Lender shall release the Liens granted hereunder on the Expiration Date in accordance with Section 2.10. Without limiting any other provision contained herein, in the event Borrower shall revoke any such request to terminate its obligations under this Agreement in full and the parties' obligations under the Loan Documents, Borrower shall pay all reasonable costs and expenses incurred by Lender and Servicer in connection with such revocation, including, without limitation, reasonable attorneys' fees.
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Related to Borrower’s Right to Terminate the Agreement

  • Purchaser’s Right to Terminate Anything in any of the Transaction Documents to the contrary notwithstanding, each Purchaser has the right to demand and receive back from the Company such Purchaser’s Subscription Amount at any time until a Closing takes place in connection with such Subscription Amount. UNDER NO CIRCUMSTANCES WILL THE PURCHASER’S SUBSCRIPTION AMOUNT BE DELIVERED TO OR UNDER THE CONTROL OR AUTHORITY OF ANY PLACEMENT AGENT OR BROKER.

  • Right to Terminate Agreement 21.1 If either Party (the “Breaching Party”) (a) fails to pay any amount when due under the terms of this Agreement or fails to comply with or perform, in any material respect, any of the other terms or conditions of this Agreement; (b) sells or transfers all or substantially all of its assets; (c) enters into any voluntary or involuntary bankruptcy proceeding or receivership; or (d) makes a general assignment for the benefit of its creditors, then the other Party (the “Non-Breaching Party”) shall have the right, without prejudice to any other right or remedy and after giving five (5) Days’ written prior notice to the Breaching Party and a reasonable opportunity for cure (not to exceed thirty (30) Days in the case of a failure to pay amounts when due), to terminate this Agreement, subject to Sections 21.3 and 21.4 of this Agreement. Subject to compliance with Section 22.1 of this Agreement, if applicable, the Non-Breaching Party shall also have the right to pursue any and all rights it may have against the Breaching Party under applicable law, subject to other applicable terms and conditions of this Agreement (including, without limitation, any applicable limitations on liability contained herein).

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

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