Common use of Optional Termination in Whole Clause in Contracts

Optional Termination in Whole. Prior to the Commitment Termination Date, the Borrower shall have the right at any time to terminate the Commitments in their entirety upon not less than 5 Business Days’ prior notice to the Lenders and the Facility Agent of any such termination, which notice shall specify the effective date of such termination, provided that all amounts due under this Agreement and the other Facility Documents are satisfied in full, including without limitation all principal, interest, Commitment Fees and Administrative Expenses. Such notice of termination shall be irrevocable and effective only upon receipt and shall terminate and cancel the Commitments of each Lender on the date specified in such notice.

Appears in 3 contracts

Samples: Credit and Security Agreement (TPG Specialty Lending, Inc.), Revolving Credit and Security Agreement (TPG Specialty Lending, Inc.), Credit and Security Agreement (TPG Specialty Lending, Inc.)

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Optional Termination in Whole. Prior to the Commitment Termination Date, the Borrower shall have the right at any time to terminate the Commitments in their entirety upon not less than 5 Business Days' prior notice to the Lenders and the Facility Agent of any such termination, which notice shall specify the effective date of such termination, provided that all Payment in Full occurs on such date. The Borrower may use amounts due under this Agreement and in the other Facility Documents are satisfied Covered Accounts to effect any such Payment in full, including without limitation all principal, interest, Commitment Fees and Administrative ExpensesFull. Such notice of termination shall be irrevocable and effective only upon receipt and shall terminate and cancel the Commitments of each Lender on the date specified in such notice.

Appears in 1 contract

Samples: Credit and Security Agreement (WhiteHorse Finance, Inc.)

Optional Termination in Whole. Prior to the Commitment Termination Date, the Borrower shall have the right at any time to terminate the Commitments in their entirety upon not less than 5 Business Days’ prior notice to the Lenders and the Facility Agent of any such termination, which notice shall specify the effective date of such termination, provided that all Payment in Full occurs on such date. The Borrower may use amounts due under this Agreement and in the other Facility Documents are satisfied Covered Accounts to effect any such Payment in full, including without limitation all principal, interest, Commitment Fees and Administrative ExpensesFull. Such notice of termination shall be irrevocable and effective only upon receipt and shall terminate and cancel the Commitments of each Lender on the date specified in such notice.

Appears in 1 contract

Samples: Credit and Security Agreement (WhiteHorse Finance, LLC)

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Optional Termination in Whole. Prior to the Commitment Termination Date, the Borrower shall have the right at any time to terminate the Commitments in their entirety upon not less than 5 Business Days' prior notice to the Lenders and the Facility Agent of any such termination, which notice shall specify the effective date of such termination, provided that all Payment in Full (excluding any amount owed to the Subordinated Noteholders) occurs on such date. The Borrower may use amounts due under this Agreement and in the other Facility Documents are satisfied Covered Accounts to effect any such Payment in full, including without limitation all principal, interest, Commitment Fees and Administrative ExpensesFull. Such notice of termination shall be irrevocable and effective only upon receipt and shall terminate and cancel the Commitments of each Lender on the date specified in such notice.

Appears in 1 contract

Samples: Credit and Security Agreement (WhiteHorse Finance, Inc.)

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