Common use of Early Termination by Xxxxxxxx Clause in Contracts

Early Termination by Xxxxxxxx. Borrower has the option, at any time upon three Business Days prior written notice to Agent (or such lesser time as Agent may agree), to repay all of the Obligations in full. The foregoing notwithstanding, (a) Borrower may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and (b) Borrower may extend the date of termination at any time with the consent of Agent (which consent shall not be unreasonably withheld or delayed).

Appears in 2 contracts

Samples: Second Lien Seller Term Loan Credit Agreement (Forum Energy Technologies, Inc.), Second Lien Seller Term Loan Credit Agreement (Forum Energy Technologies, Inc.)

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Early Termination by Xxxxxxxx. Borrower has the option, at any time upon three 5 Business Days prior written notice to Agent (or such lesser time as Agent may agree)Agent, to repay terminate this Agreement and terminate the Commitments hereunder by repaying to Agent all of the Obligations in full. The foregoing notwithstanding, (a) Borrower may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and (b) Borrower may extend the date of termination at any time with the consent of Agent (which consent shall not be unreasonably withheld or delayed).. 074658.16087/130783594v.4

Appears in 1 contract

Samples: Credit Agreement (LiveVox Holdings, Inc.)

Early Termination by Xxxxxxxx. Borrower has the option, at any time upon three 10 Business Days prior written notice to Agent (or such lesser time as Agent may agree)Agent, to repay terminate this Agreement and terminate the Commitments hereunder by repaying to Agent all of the Obligations in full. The foregoing notwithstanding, (a) Borrower may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and (b) Borrower may extend the date of termination at any time with the consent of Agent (which consent shall not be unreasonably withheld or delayed).

Appears in 1 contract

Samples: Credit Agreement (Titan Machinery Inc.)

Early Termination by Xxxxxxxx. Borrower has the option, at any time upon three ten Business Days prior written notice to Agent (or such lesser time as Agent may agree)Agent, to repay terminate this Agreement and terminate the Commitments hereunder by repaying to Agent all of the Obligations (excluding Bank Product Obligations) in full. The foregoing notwithstanding, (a) Borrower may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness or equity financings if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and (b) Borrower may extend the date of termination at any time with the consent of Agent (which consent shall not be unreasonably withheld or delayed).

Appears in 1 contract

Samples: Credit Agreement (Upland Software, Inc.)

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Early Termination by Xxxxxxxx. Borrower has the option, at any time upon three ten Business Days Days’ prior written notice to Agent (or such lesser time as Agent may agree)Agent, to repay all of the Obligations in fullfull and terminate the Commitments. The foregoing notwithstanding, (a) Borrower may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and (b) Borrower may extend the date of termination at any time with the consent of Agent (which consent shall not be unreasonably withheld or delayed).

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Realty Trust, Inc.)

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