Common use of Termination by Company after Advance Notice Clause in Contracts

Termination by Company after Advance Notice. Company may terminate or reduce the Line of Credit at any time prior to the Maturity Date, if it (i) delivers an Authenticated Record notifying Xxxxx Fargo of its intentions at least 90 days prior to the proposed Termination Date, (ii) pays Xxxxx Fargo the termination fee set forth in Section 1.6(d), and (iii) pays the Indebtedness in full or down to the reduced Maximum Line Amount.

Appears in 2 contracts

Samples: Credit and Security Agreement (Winnebago Industries Inc), Credit and Security Agreement (Winnebago Industries Inc)

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Termination by Company after Advance Notice. Company may terminate or reduce the Line of Credit at any time prior to the Maturity Date, if it (i) delivers an Authenticated Record notifying Xxxxx Fargo of its intentions at least 90 days prior to the proposed Termination Date, (ii) pays Xxxxx Fargo the termination fee set forth in Section 1.6(d1.6(f), and (iii) pays the Indebtedness in full or down to the reduced Maximum Line Amount. Any reduction in the Maximum Line Amount shall be in multiples of $100,000.00, with a minimum reduction of at least $1,000,000.00.

Appears in 1 contract

Samples: Credit and Security Agreement (Pinnacle Data Systems Inc)

Termination by Company after Advance Notice. Company may terminate or reduce the Line of Credit at any time prior to the Maturity Date, if it (i) delivers an Authenticated Record notifying Xxxxx Wxxxx Fargo of its intentions at least 90 60 days prior to the proposed Termination Date, (ii) pays Xxxxx Wxxxx Fargo the termination fee set forth in Section 1.6(d1.7(f), and (iii) pays the Indebtedness in full or down to the reduced Maximum Line Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Merrimac Industries Inc)

Termination by Company after Advance Notice. Company may terminate or reduce the Line of Credit at any time prior to the Maturity Date, if it (i) delivers an Authenticated Record notifying Xxxxx Fargo of its intentions at least 90 30 days prior to the proposed Termination Date, (ii) pays Xxxxx Fargo the termination fee set forth in Section 1.6(d)1.7(d) of this Agreement, and (iii) pays the Indebtedness in full or down to the reduced Maximum Line Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Gvi Security Solutions Inc)

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Termination by Company after Advance Notice. Company may terminate or reduce (but not reduce) the Line of Credit at any time prior to the Maturity Date, if it (i) Parent (on behalf of itself and XX Xxxxxxx) delivers an Authenticated Record notifying Xxxxx Fargo of its intentions at least 90 60 days prior to the proposed Termination Date, (ii) Company pays Xxxxx Fargo the termination fee set forth in Section 1.6(d1.8(d), and (iii) Company pays the Indebtedness (other than contingent indemnification obligations) in full or down to the reduced Maximum Line Amountfull.

Appears in 1 contract

Samples: Credit and Security Agreement (Tandy Brands Accessories Inc)

Termination by Company after Advance Notice. Company may terminate or reduce the Line of Credit at any time prior to the Maturity Date, if it (i) delivers an Authenticated Record notifying Xxxxx Fargo of its intentions at least 90 days prior to the proposed Termination Date, (ii) pays Xxxxx Fargo the termination fee set forth in Section 1.6(d1.6(f), and (iii) pays the Indebtedness in full or down to the reduced Maximum Line Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Southwall Technologies Inc /De/)

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