Early Termination by Borrowers. A Borrower has the option, at any time upon 10 Business Days prior written notice to Lxxxxx, to make payment in full of all of the Obligations. The foregoing notwithstanding, a Borrower may rescind such written notice if it states that the proposed payment in full of the Obligations is to be made with the proceeds of third party Indebtedness and if the closing for such incurrence does not happen on or before the date of the proposed termination set forth in such notice (in which case, a new notice shall be required to be sent in connection with any subsequent termination).
Appears in 2 contracts
Samples: Credit Agreement (Innodata Inc), Credit Agreement (Innodata Inc)
Early Termination by Borrowers. A Borrower has the option, at any time upon 10 Business Days prior written notice to LxxxxxLender, to make payment in full of all of the Obligations. The foregoing notwithstanding, a Borrower may rescind such written notice if it states that the proposed payment in full of the Obligations is to be made with the proceeds of third party Indebtedness and if the closing for such incurrence does not happen on or before the date of the proposed termination set forth in such notice (in which case, a new notice shall be required to be sent in connection with any subsequent termination).
Appears in 1 contract
Samples: Credit Agreement (Broadwind, Inc.)
Early Termination by Borrowers. A Borrower has the option, at any time upon 10 Business Days prior written notice to LxxxxxXxxxxx, to make payment in full of all of the Obligations, without premium or penalty. The foregoing notwithstanding, a Borrower may rescind such written notice if it states that the proposed payment in full of the Obligations is to be made with the proceeds of third party Indebtedness and if the closing for such incurrence does not happen on or before the date of the proposed termination set forth in such notice (in which case, a new notice shall be required to be sent in connection with any subsequent termination).
Appears in 1 contract
Samples: Credit Agreement (Culp Inc)
Early Termination by Borrowers. A Borrower has Borrowers have the option, at any time upon 10 5 Business Days prior written notice to LxxxxxAgent, to make payment in full of repay all of the ObligationsObligations in full and terminate the Commitments. The foregoing notwithstanding, a Borrower (a) Borrowers may rescind such written notice if it states that the termination notices relative to proposed payment payments in full of the Obligations is to be made with the proceeds of third party Indebtedness and if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination set forth in such notice (in which case, a new notice shall be required to be sent in connection with any subsequent termination)., and
Appears in 1 contract