Termination by Borrowers. Upon at least thirty (30) days’ prior written notice to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d). Any notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 4 contracts
Samples: Credit Agreement (Alphatec Holdings, Inc.), Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.), Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.)
Termination by Borrowers. Upon at least thirty (30) days’ days prior written notice to Agent and LendersAgent, Borrowers may, at its their option, terminate this Agreementthe Commitments; provided, however, that no such termination by Borrowers shall be effective until Borrowers have complied with Section 2.2(d)Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Agent otherwise agree agrees in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such noticewriting. Borrowers may elect to terminate this Agreement the Commitments in its their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement or type Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit and Guaranty Agreement (Euramax International, Inc.), Senior Secured Revolving Credit and Guaranty Agreement (Euramax International, Inc.)
Termination by Borrowers. Upon at least thirty (30) days’ prior written notice and pursuant to payoff documentation in form and substance satisfactory to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d)2.2. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 2 contracts
Samples: Term Credit and Security Agreement (Spectranetics Corp), Credit and Security Agreement (Term Loan) (EndoChoice Holdings, Inc.)
Termination by Borrowers. Upon at least thirty (30) days’ 60 days prior written notice to Agent and LendersAgent, Borrowers may, at its their option, terminate this Agreementthe Commitments; provided, however, that no such termination by Borrowers shall be effective until Borrowers have complied with Section 2.2(d)satisfied all of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Agent otherwise agree agrees in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such noticewriting. Borrowers may elect to terminate this Agreement the Commitments in its their entirety only. No section of this Agreement or type Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)
Termination by Borrowers. Upon at least thirty (30) days’ prior written notice and pursuant to payoff documentation in form and substance satisfactory to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d)2.2 and paid in full all of the Affiliated Obligations in immediately available funds and terminated the Affiliated Financing Documents. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Spectranetics Corp), Credit and Security Agreement (EndoChoice Holdings, Inc.)
Termination by Borrowers. Upon at least thirty (30) days’ prior written notice to Agent and LendersLender, Borrowers may, at its their option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d). Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Lender otherwise agree agrees in writing and no Lender shall not have any obligation to make any Loans the Term Loan on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 2 contracts
Samples: Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.), Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.)
Termination by Borrowers. Upon at least thirty ninety (3090) days’ days prior written notice to Agent and LendersLender, Borrowers may, at its their option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d)paid all of the Obligations in immediately available funds. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Lender otherwise agree agrees in writing writing, and no Lender shall have any no obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its their entirety only. No section of this Agreement or type Type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Samples: Loan and Security Agreement (Eagle Supply Group Inc)
Termination by Borrowers. Upon at least thirty (30) days’ 10 days prior written notice to Agent and LendersAgent, Borrowers may, at its their option, terminate this Agreementthe Commitments; provided, however, that no such termination by Borrowers shall be effective until Borrowers have complied with Section 2.2(d)Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Agent otherwise agree agrees in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such noticewriting. Borrowers may elect to terminate this Agreement the Commitments in its their entirety only, provided that nothing contained herein shall affect Borrowers' right to voluntarily reduce the Revolver Commitments as provided in Section 2.1.5. No section of this Agreement or type Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly. Reserved .
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Termination by Borrowers. Upon at least thirty (30) days’ prior written notice and pursuant to payoff documentation in form and substance satisfactory to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d)2.2 and the terms of any fee letter. Any MidCap / Sientra / Second A&R Credit and Security Agreement (Term) notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Termination by Borrowers. Upon at least thirty (30) days’ prior written notice to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d). Any notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Termination by Borrowers. Upon at least thirty (30) days’ 30 days prior written notice to Agent and LendersAgent, Borrowers any Borrower may, at its option, terminate this Agreementthe Commitments; provided, however, that no such termination by any Borrower shall be effective until Borrowers have complied with Section 2.2(d)satisfied all of the Obligations and executed in favor of and delivered to Agent and Lenders a general release of all Claims that Borrowers may have against Agent or any Lender. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Agent otherwise agree agrees in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such noticewriting. Borrowers may elect to terminate this Agreement the Commitments in its their entirety only. No section of this Agreement or type Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly.
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Termination by Borrowers. Upon at least thirty (30) days’ prior written notice to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have (i) paid all of the Obligations in immediately available funds and (ii) complied with Section 2.2(d)2.2(f) and the terms of the Fee Letter resulting from such termination. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.the
Appears in 1 contract
Samples: Credit and Security Agreement (Kewaunee Scientific Corp /De/)
Termination by Borrowers. Upon at least thirty ten (3010) daysBusiness Days’ prior written notice to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d2.2(f). Any notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Samples: Credit and Security Agreement (Twinlab Consolidated Holdings, Inc.)
Termination by Borrowers. Upon at least thirty (30) days’ 60 days prior written notice to Agent and LendersAgent, Borrowers any Borrower may, at its option, terminate this Agreementthe Commitments; provided, however, that no such termination by any Borrower shall be effective until Borrowers have complied with Section 2.2(d)satisfied all of the Obligations and executed in favor of and delivered to Agent and Lenders a general release of all Claims that Borrowers may have against Agent or any Lender. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Agent otherwise agree agrees in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such noticewriting. Borrowers may elect to terminate this Agreement the Commitments in its their entirety only. No section of this Agreement or type Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly.
Appears in 1 contract
Samples: Loan and Security Agreement (Integrated Electrical Services Inc)
Termination by Borrowers. Upon at least thirty (30) days’ 60 days prior written notice to Agent and LendersAgent, Borrowers any Borrower may, at its option, terminate this Agreementthe Commitments; provided, however, that no such termination by any Borrower shall be effective until Borrowers have complied with Section 2.2(d)satisfied all of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Agent otherwise agree agrees in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such noticewriting. Borrowers may elect to terminate this Agreement the Commitments in its their entirety only. No section of this Agreement or type Agreement, Type of Loan available hereunder or Commitment may be terminated by any Borrower singly.
Appears in 1 contract
Samples: Loan and Security Agreement (Tropical Sportswear Co Inc)
Termination by Borrowers. Upon at least thirty (30) days’ 90 days prior written notice to Agent and LendersAgent, Borrowers may, at its their option, terminate this Agreementthe Commitments; provided, however, that no such termination by Borrowers shall be effective until Borrowers have complied with Section 2.2(d)Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Agent otherwise agree agrees in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such noticewriting. Borrowers may elect to terminate this Agreement the Commitments in its their entirety onlyonly provided that nothing contained herein shall affect Borrowers' right to voluntarily reduce the Revolver Commitments as provided in SECTION 2.2. No section of this Agreement or type Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly.
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Termination by Borrowers. Upon at least thirty fourteen (3014) days’ days prior written notice to Agent and LendersLender, Borrowers may, at its their option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d)paid all of the Obligations in immediately available funds. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Lender otherwise agree agrees in writing writing, and no Lender shall have any no obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Samples: Loan and Security Agreement (Measurement Specialties Inc)
Termination by Borrowers. Upon at least thirty (30) days’ prior written notice to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d)) and the terms of any Fee Letter. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Termination by Borrowers. Upon at least thirty (30) days’ prior written notice to Agent and LendersLender, Borrowers may, at its their option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d). Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Lender otherwise agree agrees in writing and no Lender shall not have any obligation to make any Loans on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Samples: Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.)
Termination by Borrowers. Upon at least thirty (30) days’ prior written notice to Agent and Lenders, Borrowers may, at its option, terminate this Agreement; provided, however, that no such termination shall be effective until Borrowers have complied with Section 2.2(d)2.2(f) and all Obligations have been paid. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders otherwise agree in writing and no Lender shall have any obligation to make any Loans or issue or procure any Letters of Credit or Support Agreements on or after the termination date stated in such notice. Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Samples: Credit and Security Agreement (Staffing 360 Solutions, Inc.)
Termination by Borrowers. Upon at least thirty (30) days’ 90 days prior written notice to Agent and LendersAgent, Borrowers may, at its their option, terminate this Agreementthe Commitments; provided, however, that no such termination by Borrowers shall be effective until Borrowers have complied with Section 2.2(d)Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless all Lenders Agent otherwise agree agrees in writing and no Lender shall have any obligation to make any Loans on or after the termination date stated in such noticewriting. Borrowers may elect to terminate this Agreement the Commitments in its their entirety onlyonly provided that nothing contained herein shall affect Borrowers’ right to voluntarily reduce the Revolver Commitments as provided in Section 2.2. No section of this Agreement or type Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers singly.
Appears in 1 contract