Common use of Credit Termination Date Acceleration Clause in Contracts

Credit Termination Date Acceleration. In the event the Aggregate Loan Commitment is terminated, the Credit Termination Date shall accelerate to such date of termination and the Borrowers shall, simultaneously with such termination, repay the Base Rate Loans and LIBO Rate Loans in accordance with ss. 2.10.

Appears in 3 contracts

Samples: Credit Agreement (Eplus Inc), Credit Agreement (Eplus Inc), Credit Agreement (Eplus Inc)

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Credit Termination Date Acceleration. In the event the Aggregate Loan Commitment is terminated, the Credit Termination Date shall accelerate to such date of termination and the Borrowers shall, simultaneously with such termination, repay the Base Rate Loans and LIBO Rate Loans in accordance with ss. 2.102.8.

Appears in 2 contracts

Samples: Credit Agreement (Eplus Inc), Credit Agreement (MLC Holdings Inc)

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