Common use of Termination by Agent Clause in Contracts

Termination by Agent. Agent may (and upon the direction -------------------- of the Required Lenders, shall) terminate the Commitments upon at least 90 days prior written notice to any Borrower as of the last day of the Original Term or any Renewal Term and without notice upon or after the occurrence of an Event of Default. The Commitments shall automatically terminate as provided in Section 11.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulf States Steel Inc /Al/)

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Termination by Agent. Agent may (and upon the direction -------------------- of the Required Lenders, shall) terminate the Commitments upon at least 90 days prior written notice to any Borrower as of the last day of the Original Term or any Renewal Term and without notice upon or after the occurrence of an Event of Default. The ; PROVIDED, HOWEVER, that the Commitments shall automatically terminate as provided in Section 11.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Metromedia International Group Inc)

Termination by Agent. Agent may (and upon the direction -------------------- of the Required Lenders, shall) terminate the Commitments upon at least 90 days prior written notice to any Borrower as of the last day of the Original Term or any applicable Renewal Term and without notice upon or after the occurrence of an Event of Default. The ; provided, however, that the Commitments shall automatically terminate as provided in Section SECTION 11.2 hereof.

Appears in 1 contract

Samples: Financing Agreement (Emerge Interactive Inc)

Termination by Agent. Agent may (and upon the direction -------------------- of the Required Lenders, shall) terminate the Commitments upon at least 90 120 days prior written notice to any Borrower as of the last day of the Original Term or any Renewal Term and without notice upon or after the occurrence of an Event of Default. The Commitments shall automatically terminate as provided in Section 11.2 hereof.Borrower

Appears in 1 contract

Samples: Loan and Security Agreement (Amerigroup Corp)

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Termination by Agent. Agent may (and upon the direction -------------------- of the Required Lenders, shall) terminate the Commitments upon at least 90 days prior written notice to any Borrower as of the last day of the Original Term or any Renewal Term and without notice upon or after the occurrence of an Event of Default. The ; provided, however, that the Commitments shall automatically terminate as provided in Section 11.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Electrical Services Inc)

Termination by Agent. Agent may terminate this Agreement (and upon the direction -------------------- of the Required Lenders, shalli) terminate the Commitments upon with at least 90 days prior written notice to any Borrower Borrower, as of the last day of the Original Term or any the then current Renewal Term and (ii) without notice upon or after the occurrence of an Event of Default. The Commitments shall automatically terminate as provided in Section 11.2 hereof.

Appears in 1 contract

Samples: Credit Agreement (Drypers Corp)

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