Common use of Termination by Company without Advance Notice Clause in Contracts

Termination by Company without Advance Notice. If Company fails to deliver Xxxxx Fargo timely notice of its intention to terminate the Line of Credit or reduce the Maximum Line Amount as provided in Section 1.8(a), Company may nevertheless terminate the Line of Credit or reduce the Maximum Line Amount and pay the Indebtedness in full or down to the reduced Maximum Line Amount if it (i) pays the termination fee set forth in Section 1.6(d), and (ii) pays the Default Rate on the Revolving Note commencing on the 90th day prior to the proposed Termination Date and continuing through the date that Xxxxx Fargo receives delivery of an Authenticated Record giving it actual notice of Company’s intention to terminate.

Termination by Company without Advance Notice. If Company Parent (on behalf of itself and XX Xxxxxxx) fails to deliver Xxxxx Fargo timely notice of its intention to terminate the Line of Credit or reduce the Maximum Line Amount as provided in Section 1.8(a1.10(a), Company may nevertheless terminate the Line of Credit or reduce the Maximum Line Amount and pay the Indebtedness (other than contingent indemnification obligations) in full or down to the reduced Maximum Line Amount if it (i) pays the termination fee set forth in Section 1.6(d1.8(d), and (ii) pays the Default Rate on the Revolving Note Advances commencing on the 90th 60th day prior to the proposed Termination Date and continuing through the date that Xxxxx Fargo receives delivery of an Authenticated Record giving it actual notice of Company’s intention to terminateterminate the Line of Credit.