Common use of Termination by Borrowers Clause in Contracts

Termination by Borrowers. Upon at least thirty (30) days prior written notice to Agent, Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this 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: General Intercreditor Agreement (Euramax International, Inc.), Senior Secured Revolving Credit and Guaranty Agreement (Euramax International, Inc.)

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Termination by Borrowers. Upon at least thirty (30) 60 days prior written notice to Agent, Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment Borrowers have satisfied all of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this 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: Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)

Termination by Borrowers. Upon at least thirty (30) 90 days prior written notice to Agent, Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, only provided that Borrowers may nothing contained herein shall affect Borrowers' right to voluntarily reduce the Revolving Revolver Commitments as provided in accordance with Section 2.2(e) hereofSECTION 2.2. No section of this 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 1 contract

Samples: Loan and Security Agreement (Mastec Inc)

Termination by Borrowers. Upon at least thirty (30) 60 days prior written notice to Agent, Borrowers any Borrower may, at their its option, terminate the Commitments; provided, however, no such termination by Borrowers any Borrower shall be effective until Full Payment Borrowers have satisfied all of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type of Loan available hereunder or Commitment may be terminated by Borrowers any Borrower singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear Co Inc)

Termination by Borrowers. Upon at least thirty (30) days days' prior written notice to AgentAgent and Lenders, Borrowers Borrower may, at their its option, terminate the Commitmentsthis Agreement; provided, however, that no such termination by Borrowers shall be effective until Full Payment of Borrower has paid all amounts due to Agent and Lenders under the ObligationsFinancing Documents. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers Borrower may elect to terminate the Commitments this Agreement in their its entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type Agreement or 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 1 contract

Samples: Credit and Security Agreement (Emeritus Corp\wa\)

Termination by Borrowers. Upon at least thirty (30) days days’ prior written notice to AgentAgent and Lenders, Borrowers may, at their its option, terminate the Commitmentsthis Agreement; provided, however, that no such termination by Borrowers shall be effective until Full Payment Borrowers have (i) paid all of the ObligationsObligations in immediately available funds and (ii) complied with Section 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 Agent all Lenders otherwise agrees agree in writing. Borrowers may elect writing and no Lender shall have any obligation to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type of Loan available hereunder make any Loans on or Commitment may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.after the

Appears in 1 contract

Samples: Credit and Security Agreement (Kewaunee Scientific Corp /De/)

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Termination by Borrowers. Upon at least thirty (30) 90 days prior written notice to Agent, Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, only provided that Borrowers may nothing contained herein shall affect Borrowers’ right to voluntarily reduce the Revolving Revolver Commitments as provided in accordance with Section 2.2(e) hereof2.2. No section of this 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 1 contract

Samples: Loan and Security Agreement (Mastec Inc)

Termination by Borrowers. Upon at least thirty (30) days 5 Business Days prior written notice to AgentAgent (but not more than 15 Business Days prior written notice), Borrowers may, at their option, terminate the Commitments; provided, however, no such termination by Borrowers shall be effective until Full Payment of the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writing. Borrowers may elect to terminate the Commitments in their entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this 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 1 contract

Samples: Loan and Security Agreement (Danka Business Systems PLC)

Termination by Borrowers. Upon at least thirty ten (3010) days Business Days’ prior written notice to AgentAgent and Lenders, Borrowers may, at their option, terminate the Commitmentsthis Agreement; provided, however, that no such termination by Borrowers shall be effective until Full Payment of Borrowers have paid all amounts due to Agent and Lenders under the Obligations. Any notice of termination given by Borrowers shall be irrevocable unless Agent otherwise agrees in writingFinancing Documents subject to the terms and conditions set forth herein, including, without limitation, all Obligations under the Fee Letter. Borrowers may elect to terminate the Commitments this Agreement in their its entirety only, provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof. No section of this Agreement, Type of Loan available hereunder or Commitment Agreement may be terminated by Borrowers singly; provided, that Borrowers may reduce the Revolving Commitments in accordance with Section 2.2(e) hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)

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