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 120 days prior written notice to 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 120 90 days prior written notice to Borrowerany Borrower as of the last day of the Original Term and without notice upon or after the occurrence of an Event of Default; 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 (and upon the direction -------------------- of the Required Lenders, shall) terminate the Commitments upon at least 120 90 days prior written notice to Borrowerany 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/)

Termination by Agent. Agent may (and upon the direction of the Required Lenders, shall) terminate the Commitments upon at least 120 90 days prior written notice to BorrowerBorrower 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; 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)

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Termination by Agent. Agent may (and upon the direction of the Required Lenders, shall) terminate the Commitments upon at least 120 90 days prior written notice to BorrowerBorrower 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; provided, however, that the Commitments shall automatically terminate as provided in SECTION 11.2 hereof.

Appears in 1 contract

Samples: Financing Agreement (Emerge Interactive Inc)

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