Payment in Full on Termination Sample Clauses
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Payment in Full on Termination. On termination of this Agreement, pursuant to Section 14 or acceleration of the Obligations pursuant to Section 11, Borrower shall pay to Bank the entire outstanding principal balance of all loans and shall deliver to Bank cash collateral in an amount equal to the aggregate of (A) amounts then undrawn on all outstanding Letters of Credit issued pursuant to this Agreement for the account of the Borrower, and (B) the amount of all outstanding acceptances issued pursuant to this Agreement. Bank shall hold such cash collateral in an interest bearing account and, except to the extent applied to the Borrower's reimbursement or other Obligations with respect to any such Letter of Credit that is drawn upon, shall return such cash collateral (or the relevant portion thereof), together with accrued interest, to the Borrower promptly upon the expiration of such Letter of Credit.
Payment in Full on Termination. On termination of this Agreement or upon acceleration of the Obligations, Borrower shall pay to Bank the entire outstanding principal balance of all Revolving Loans and shall deliver to Bank cash collateral in an amount equal to the aggregate of (A) amounts then undrawn on all outstanding Letters of Credit issued pursuant to this Agreement for the account of the Borrower, and (B) the amount of all outstanding acceptances issued pursuant to this Agreement.
Payment in Full on Termination. On termination of this Loan Agreement, pursuant to Section 21 or acceleration of the obligations pursuant to Section 16, the Borrowers shall pay to the Bank the entire outstanding principal balance of all Loans evidenced by the Revolving Note and shall deliver to the Bank cash collateral in an amount equal to the aggregate of (A) amounts then undrawn on all outstanding Letters of Credit issued pursuant to this Loan Agreement for the account of the Borrowers, and (B) the amount of all outstanding acceptances issued pursuant to this Loan Agreement.
(i) The Bank may, at any time and from time to time, in its commercially reasonable judgment establish reserves against the Accounts (when there exists a basis to question the creditworthiness of the account debtor) and/or the Inventory of the Borrowers. The amount of such reserves shall be subtracted from Qualified Accounts or Eligible Inventory, as applicable, when calculating the amount of the Borrowing Base.
(j) As used in this Loan Agreement, the following terms shall have the following meanings:
Payment in Full on Termination. On the Term Loan Maturity Date, the Termination Date pursuant to Section 20, or acceleration of the obligations pursuant to Section 15, the Borrowers shall pay the entire outstanding principal balance of the Term Loan.