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

Termination by Company without Advance Notice. If Parent (on behalf of itself and XX Xxxxxxx) fails to deliver Xxxxx Fargo timely notice of its intention to terminate the Line of Credit as provided in Section 1.10(a), Company may nevertheless terminate the Line of Credit and pay the Indebtedness (other than contingent indemnification obligations) in full if it (i) pays the termination fee set forth in Section 1.8(d), and (ii) pays the Default Rate on the Advances commencing on the 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 terminate the Line of Credit.

Termination by Company without Advance Notice. If Parent (on behalf of itself and XX Xxxxxxx) 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 1.10(a1.8(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 1.8(d1.6(d), and (ii) pays the Default Rate on the Advances Revolving Note commencing on the 60th 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 the Line of Creditterminate.