Common use of Early Termination; Termination Fee Clause in Contracts

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 6 contracts

Samples: Loan and Security Agreement (Organic Food Products Inc), Loan and Security Agreement (Nstor Technologies Inc), Loan and Security Agreement (Uniview Technologies Corp)

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Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination FeeTERMINATION FEE") in an amount equal to the amount shown on the Schedule.

Appears in 3 contracts

Samples: Loan and Security Agreement (Revenge Marine Inc), Loan and Security Agreement (Medley Credit Acceptance Corp), Loan and Security Agreement (Fresh Choice Inc)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty SIXTY (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA the Lenders upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA Agent, for the ratable benefit of the Lenders, upon the effective date of such termination a fee (the "Termination FeeTERMINATION FEE") in an amount equal to the amount shown on set forth in the Schedule.

Appears in 2 contracts

Samples: Loan and Security Agreement (Usa Detergents Inc), Loan and Security Agreement (Usa Detergents Inc)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b)16.2, Borrower may terminate this Agreement at any time but only upon sixty not less than fifteen (6015) days' prior written notice and prepayment of the ObligationsObligations in full in immediately available funds. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Intellicall Inc)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b)16.2, Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Performance Printing Corp)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the ObligationsObligations in full, and not in part. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Play Co Toys & Entertainment Corp)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower Borrower, any partial prepayment of the Obligations by Borrower, or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA FINOVA, except as specifically provided herein, upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Praegitzer Industries Inc)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty ninety (6090) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower (or any voluntary prepayment of any Term Loan) or any termination of this Agreement by FINOVA TEXTRON upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA TEXTRON upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Micros to Mainframes Inc)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty thirty (6030) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination FeeTERMINATION FEE") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Automotive One Parts Stores Inc)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty ninety (6090) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower (or any voluntary prepayment of any Term Loan) or any termination of this Agreement by FINOVA TEXTRON upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA TEXTRON upon the effective date of such termination a fee (the "Termination FeeTERMINATION FEE") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (I Sector Corp)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination FeeFee ") in an amount equal to the amount shown on the Schedule. 9.

Appears in 1 contract

Samples: Secured Revolving Credit Note (Diamond Multimedia Systems Inc)

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Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b)16.2, Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA GFC upon the occurrence of an Event of Default, thenthe, and in any such event, Borrower shall pay to FINOVA GFC upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Procom Technology Inc)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination (or any voluntary prepayment of any Term Loan) by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacobs Jay Inc)

Early Termination; Termination Fee. In addition to the procedure set ---------------------------------- forth in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown --------------- on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Utilx Corp)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b)16.2, Borrower may terminate this Agreement at any time but only upon sixty (60) days' prior written notice and prepayment of prepay the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA Lender upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA Lender upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount amounts shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Glasgal Communications Inc)

Early Termination; Termination Fee. In addition to the procedure set forth in Section 9.2(b)16.2, Borrower may terminate this Agreement at any time but only upon sixty (60) days' days prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA Lender upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA Lender upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Rockford Corp)

Early Termination; Termination Fee. In addition to the procedure set forth ---------------------------------- in Section 9.2(b), Borrower may terminate this Agreement at any time but only upon sixty ninety (6090) days' prior written notice and prepayment of the Obligations. Upon any such early termination by Borrower or any termination of this Agreement by FINOVA upon the occurrence of an Event of Default, then, and in any such event, Borrower shall pay to FINOVA upon the effective date of such termination a fee (the "Termination Fee") in an amount equal to the amount shown on the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Cumetrix Data Systems Corp)

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