Loan Termination. Upon one (1) month prior notice, Customer may repay a Loan by paying all amounts then due and owing plus the sum of the remaining Repayments as of the requested prepay.
Loan Termination. NFS is authorized in its discretion to terminate any securities loan entered into with an Approved Borrower without prior notice to the Trust, subject to the conditions of the relevant SLA. The Trust or the Adviser may instruct NFS to terminate any loan on any date, subject to the conditions of the relevant SLA. NFS agrees to comply with any such instruction. Securities loans shall generally be terminable on demand, subject to the terms of the SLA including, without limitation, the possibility of breakage fees.
Loan Termination. The Advisor shall, subject to the terms of the Loan Agreement, terminate a loan made to a Borrower whenever the Advisor shall actually receive:
(a) oral or written instructions to terminate the loan from a person believed by the Advisor to be an Authorized Person of the Lender;
(b) oral or written notice from the Lender that the loaned security is no longer subject to the representations set form in section 3(c) or that the securities are no longer eligible for participation in the Securities Lending Program;
(c) a written instruction from an Authorized Person or a person believed by the Advisor to be an Authorized Person of the Lender that the Borrower with whom the loan is outstanding is to be deleted from the list referred to in Section 2 hereof;
(d) actual notice of a default under any Loan Agreement pursuant to which securities have been loaned; or
(e) termination of this Agreement. Notwithstanding the foregoing or any other provision in this Agreement, the Advisor may at any time terminate any loan in its absolute discretion.
Loan Termination. 15.1. The Borrower agrees to return the Property to the NMUSAF upon expiration of this Agreement or earlier, the Borrower terminates the agreement prior to expiration of this Agreement or the NMUSAF terminates this Agreement for cause, at no expense to the NMUSAF. The return of all or any part of the Property will be made to the NMUSAF at Xxxxxx-Xxxxxxxxx AFB, OH; the Aerospace Maintenance and Regeneration Group at Xxxxx-Xxxxxxx AFB, AZ; or a location determined by NMUSAF upon termination of this Agreement or earlier. The Borrower shall be responsible for paying all freight, storage, crating, handling, transportation, demilitarization, and/or other costs or charges associated with any return.
15.2. The failure of the Borrower to observe any of the conditions set forth in this Agreement and Attachments 1 and 2 thereto shall be sufficient cause for the Lender to terminate the loan and repossess the Property. Repossession of all or any part of the Property for such cause by the Lender shall be made at no cost to the Government; the Borrower shall be responsible for paying all maintenance, freight, storage, crating, handling, transportation, demilitarization, and/or other costs or charges attributable to such repossession.
15.3. In the event the loan is terminated for any reason, the provisions of this Agreement will remain in effect until all of the Property, or in the event of a partial termination that portion of the Property at issue, has been relocated and in a condition that is satisfactory to the NMUSAF.
15.4. Termination of the loan and subsequent repossession of all or any part of the Property at the option of the Borrower shall require no less than thirty (30) days advance notice to the Lender in writing. This requirement may be waived by the Lender only through the provision of a written waiver to the Borrower prior to the return of the Property. If this Agreement is terminated at the option of the Borrower, the Borrower is responsible to bear all expenses associated with moving, reclaiming, and/or demilitarizing the Property.
15.5. The Lender reserves the right to terminate this Agreement without cause, in all or part, and to recall the Property. The Lender will provide a written thirty (30) day notice of intent to recall to the Borrower. In the event of recall, movement of the recalled Property from the Borrower's site will be accomplished at the Lender's expense.
Loan Termination. Sellers represent and warrant to Buyer that the letter dated December 9, 2002 from SPA and CDC addressed to Deutsche Bank AG, New York Branch, as Administrative Agent (the "Loan Termination Letter") has (a) caused the Companies to be released as guarantor of all financing of Sellers and their Affiliates (other than the Companies) and (b) has caused the termination of the agreements listed on Schedule 3.7 of the Stock Purchase Agreement (except for any provisions thereof which expressly survive such termination). Sellers also represent and warrant to Buyer that the two commitments referenced in the Loan Termination Letter are the only two credit facilities under which any of the Companies are guarantors or parties and that no amounts have been drawn or are outstanding under either such commitment.
Loan Termination. (a) Borrower may terminate a Loan on any day by giving notice to Agent and transferring the Loaned Shares to Agent on such date;
(b) Lender may terminate any Loan on a termination date established by notice given to Borrower prior to the close of business on a Business Day; provided, however, that Lender may not set a Loan termination date earlier than the earlier of (i) the number of Business Days in the standard securities settlement cycle in the United States as defined in Rule 15c6-1 under the Securities Exchange Act of 1934, as amended (currently three Business Days), after Lender's notice or (ii) five Business Days after Lender's notice..
5.2 Unless otherwise agreed, Borrower shall, on or before the Cutoff Time on the termination date of a Loan, transfer the Loaned Shares to Agent.
Loan Termination. Each Securities loan shall be terminable on demand. The Lending Agent agrees to terminate, subject to the terms of the Loan Agreement, a loan made to a Borrower whenever the Lending Agent shall actually receive:
(a) oral or written instructions to terminate the loan from a person believed by the Lending Agent to be an Authorized Person of the Lender;
(b) oral or written notice from a person believed by the Lending Agent to be an Authorized Person of the Lender that the loaned Security is no longer subject to the representations set forth in Section 3(c) hereof or that the Securities are no longer eligible for lending;
(c) a written instruction from an Authorized Person or a person believed by the Lending Agent to be an Authorized Person of the Lender that the Borrower with whom the loan is outstanding is to be deleted from Schedule 3 hereof;
(d) notice of a default under any Loan Agreement pursuant to which Securities have been loaned; or
(e) notice of termination of this Agreement or the Loan Agreement pursuant to its terms. Notwithstanding the foregoing or any other provision in this Agreement, the Lending Agent, at any time, may terminate any loan in its absolute discretion. Upon termination of the loan, the Lending Agent agrees to instruct the Borrower to return the loaned Securities to the Custodian on behalf of the Lender within the time specified by the applicable Loan Agreement (which shall be the lesser of three (3) business days or the customary settlement period for the Securities loaned). The Lending Agent agrees to advise the Fund promptly of such termination and as to the amount of Collateral due Borrower and, promptly after receipt, Borrower's transfer instructions with respect thereto. Promptly after being so advised by the Lending Agent, the Fund agrees to deliver or cause to be delivered to the Custodian instructions specifying with respect to each such loan termination and return of Securities: (i) the Portfolio to which the loaned Securities are specifically allocated; (ii) the name of the issuer and the title of the Securities to be returned; (iii) the number of shares or the principal amount to be returned; (iv) the date of termination; (v) the total amount of Collateral to be delivered by the Custodian (including the cash collateral for such Securities minus any
Loan Termination. The Lender shall have agreed to a prepayment and termination of the Existing Loan, and to unconditionally and irrevocably release Seller and its affiliates from all obligations and guaranties thereunder.
Loan Termination. Borrower shall have the right, upon five (5) days prior written notice to Bank, to terminate the Loan at any time prior to the maturity date of July 1, 2000 without the imposition of any prepayment fee or premium. The Bank shall have the right to terminate the Loan, upon at least thirty (30) days prior written notice to Borrower, if and in the event Telxon Corporation ("Telxon") is acquired or merged into an otherwise unaffiliated entity and Telxon, after such merger or consolidation, is not the surviving entity or if the voting control of such merged or consolidated entity is not, in effect, under the control of essentially the same group of shareholders and/or directors as possessed such control as to Telxon prior to such merger or consolidation.
Loan Termination. The Lender shall have agreed to a prepayment and termination of the Existing Loan.
