Common use of TERMINATION BY CREDITOR Clause in Contracts

TERMINATION BY CREDITOR. Creditor may, to the extent provided herein, terminate this Agreement by delivering written notice to Agent. Any such notice must be sent to Agent by registered U.S. mail, postage prepaid, addressed to its Ventura/Santa Xxxxxxx Commercial Banking Office at 000 X. Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxxx 00000, or at such other address as Agent shall from time to time designate. If such notice is received by Agent, this Agreement shall terminate as of the date of receipt, except that the obligations of Creditor and the rights of Senior Parties hereunder shall continue with respect to all Senior Debt which existed at the time of Agent’s receipt of such notice, or thereafter arose pursuant to any agreement to extend credit by which any Senior Party is bound at the time of its receipt of such notice, and any extensions, renewals or modifications of any such then existing or committed Senior Debt, including without limitation, modifications to the amount of principal or interest payable on any Senior Debt and the release of any security for or any guarantors of all or any portion of any Senior Debt.

Appears in 4 contracts

Samples: Subordination Agreement, Subordination Agreement (Salem Communications Corp /De/), Subordination Agreement (Salem Communications Corp /De/)

AutoNDA by SimpleDocs

TERMINATION BY CREDITOR. Creditor may, to the extent provided herein, terminate this Agreement by delivering written notice to AgentBank. Any such notice must be sent to Agent Bank by registered U.S. mail, postage prepaid, addressed to its Ventura/Santa Xxxxxxx Commercial Banking Office office at 000 X. Xxxxx Xxxxx4343 East Camelback Roxx, Xxxxx 000, Xxxxxxx, Xxxxxxx 00000, Xxxxxxxxx, Xxxxxxxxxx 00000: Xxxx Xxambers, or at such other address xxxx xxxxx xxdress as Agent Bank shall from time to time designate. If such notice is received by AgentBank, this Agreement shall terminate as of the date of receipt, except that the obligations of Creditor and the rights of Senior Parties Bank hereunder shall continue with respect to all Senior Debt which existed at the time of Agent’s Bank's receipt of such notice, or thereafter arose pursuant to any agreement to extend credit by which any Senior Party Bank is bound at the time of its receipt of such notice, and any extensions, renewals or modifications of any such then existing or committed Senior Debt, including without limitation, modifications to the amount of principal or interest payable on any Senior Debt and the release of any security for or any guarantors of all or any portion of any Senior Debt.

Appears in 1 contract

Samples: Subordination and Standstill Agreement (Stratford American Corp)

AutoNDA by SimpleDocs

TERMINATION BY CREDITOR. Creditor may, to the extent provided herein, terminate this Agreement by delivering written notice to AgentBank. Any such notice must be sent to Agent Bank by registered U.S. mail, postage prepaid, addressed to its Ventura/Santa Xxxxxxx office at Bakersfield Regional Commercial Banking Office at 000 X. Xxxxx XxxxxOffice, Xxxxx 0005401 California Avenue, Xxxxxxxxx2nd Floox, Xxxxxxxxxx Xxxxxxxxxxx, Xxxxxxxxxx, 00000, or at such other address as Agent xx xx xxxx xxxxx xxxxxxx xx Xxxk shall from time to time designate. If such notice is received by AgentBank, this Agreement shall terminate as of the date of receipt, except that the obligations of Creditor and the rights of Senior Parties Bank hereunder shall continue with respect to all Senior Debt which existed at the time of Agent’s Bank's receipt of such notice, or thereafter arose pursuant to any agreement to extend credit by which any Senior Party Bank is bound at the time of its receipt of such notice, and any extensions, renewals or modifications of any such then existing or committed Senior Debt, including without limitation, modifications to the amount of principal or interest payable on any Senior Debt and the release of any security for or any guarantors of all or any portion of any Senior Debt.

Appears in 1 contract

Samples: Agreement (Epitope Inc/Or/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!