Repayment Upon Termination. In the event this Financing Agreement or the Revolving Line of Credit is terminated by either CIT or the Companies for any reason whatsoever, the Term Loan, together with all accrued interest thereon and the applicable Prepayment Premium, shall be due and payable in full on the effective date of such termination, notwithstanding any other provision of this Financing Agreement or the Promissory Note to the contrary.
Appears in 2 contracts
Samples: Financing Agreement, Financing Agreement (Crown Crafts Inc)
Repayment Upon Termination. In the event this Financing Agreement or the Revolving Line of Credit is terminated by either CIT or the Companies for any reason whatsoever, the Term Loan, together with all accrued interest thereon and the applicable Prepayment Premiumthereon, shall be due and payable in full on the effective date of such termination, notwithstanding any other provision of this Financing Agreement or the Promissory Note to the contrary.
Appears in 1 contract
Repayment Upon Termination. In the event this Financing Agreement -------------------------- or the Revolving Line of Credit is terminated automatically as contemplated by Section 10.2 herein or by either CIT or the Companies for any reason whatsoever, the all Term LoanLoans, together with all accrued interest thereon and the applicable Prepayment Premium, shall be due and payable in full on the effective date of such termination, notwithstanding any other provision of this Financing Agreement or the Promissory Note Notes to the contrary.
Appears in 1 contract
Samples: Financing Agreement (Ronson Corp)