Common use of Mandatory Repayment Clause in Contracts

Mandatory Repayment. Upon the occurrence of a Change in Control, the Revolving Commitment shall be terminated, and all outstanding Loans shall be repaid in full, together with any breakage fees as set forth in Section 2.8.5.

Appears in 2 contracts

Sources: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)

Mandatory Repayment. Upon the occurrence of a Change in Control, the Revolving Commitment shall be terminated, and all outstanding Loans Obligations under the Loan Documents shall be repaid in full, together with any breakage fees as set forth in Section 2.8.5; for the avoidance of doubt a Permitted Change in Control shall not constitute a Change in Control.

Appears in 2 contracts

Sources: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)

Mandatory Repayment. Upon the occurrence of a Change in Control, the Revolving Commitment shall be terminated, and all outstanding Loans Obligations under the Loan Documents shall be repaid in full, together with any breakage fees as set forth in Section 2.8.515.1.2; for the avoidance of doubt a Permitted Change in Control shall not constitute a Change in Control. 2.8.5 [Reserved].

Appears in 1 contract

Sources: Credit Agreement (Willis Lease Finance Corp)