Termination of Credit Sample Clauses

Termination of Credit. 62 11.8 Notices.....................................................62 11.9 Assignments and Participations; Information.................63

Termination of Credit. (a) Unless the Termination Date is extended pursuant to clause (b) of this Section 11.7, the Credit shall terminate on the then-scheduled Termination Date. Borrower may terminate the Credit at any time prior to the Termination Date upon notice to Lender and payment in full of the outstanding principal balance of the Loans and all other Liabilities. All of Lender's rights and remedies, the liens and security interests of Lender in the Collateral and the Third Party Collateral and all of Borrower's duties and obligations under this Agreement shall survive termination of the Credit extended to Borrower hereunder until all of the Liabilities have been finally paid and performed in full. The termination or cancellation of the Credit shall not affect or impair the liabilities and obligations of Borrower or any one or more of the Obligors to Lender or Lender's rights with respect to any Loans and advances made and other Liabilities incurred prior to such termination or with respect to the Collateral or any Third Party Collateral. (b) Borrower may, not more than 90 days nor less than 75 days prior to any scheduled Termination Date, request that Lender extend the Credit for an additional one-year period to the next anniversary of such date. Unless Lender, in the exercise of its sole and complete discretion, notifies Borrower of its willingness to extend the Credit for such additional one-year period, the Credit shall terminate on the then scheduled Termination Date (and all Loans and other Liabilities shall be thereupon due and payable).

Termination of Credit. The Company reserves the right to terminate credit sales to the patron at any time without prior notification, and in addition thereto, no additional credit purchases will be allowed to any account that is over 30 days past due.

Termination of Credit. If any Event of Default shall occur, any unused portion of the Total Commitment Amount hereunder shall forthwith terminate and the Banks shall be relieved of all obligations to make Loans to, and the Agent shall be relieved of all obligations to issue Letters of Credit for the account of, any of the Borrowers; or if on any Drawdown Date the conditions precedent to the making of the Loans to be made on such Drawdown Date or the issuance of any Letters of Credit to be issued on such date are not satisfied (except as a consequence of a default on the part of the Agent or any Bank), the Agent may by Notice to the Borrowers, terminate the unused portion of the Total Commitment Amount hereunder, and upon such Notice being given such unused portion of the Total Commitment Amount hereunder shall terminate immediately and the Banks shall be relieved of all further obligations to make Loans to, and the Agent shall be relieved of all further obligations to issue Letters of Credit for the account of, the Borrowers hereunder. No termination of any portion of the Total Commitment Amount hereunder shall relieve the Borrowers of any of their existing Obligations to the Banks hereunder or elsewhere.

Termination of Credit. 43 11.8 Notices...........................................................43 11.9

Termination of Credit. Unless otherwise terminated pursuant to the terms of this Agreement, the Credit shall terminate on the Termination Date. Borrower may terminate the Credit at any time upon notice to Lender and payment in full of the outstanding principal balance of the Loans and all other Liabilities under this Agreement and the Related Agreements, as provided in SECTION 2.

Termination of Credit. Upon a Change in Control, the Lender may, by notice to the Company, terminate the obligation of the Lender to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice. If the Lender shall terminate the credit hereunder and shall elect to accept the offer to prepay under (d) above, then this Agreement, the Reducing Revolving Credit and the other Loan Documents shall terminate effective upon such prepayment without further payment or liability on the part of the Company.

Termination of Credit. 113 11.8. Notices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113 11.9. Assignments and Participations; Information. . . . . . . . . . . . . . . . . . . . . . . . 113 11.10. Severability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116 11.11. Successors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116 11.12. Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116 11.13. Consent to Jurisdiction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116 11.14. Subsidiary Reference. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117 11.15. Borrowers' Documentation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117 11.16.

Termination of Credit. 15.1 RaptorTech reserves the right, in its sole and absolute discretion and without any obligation or duty to do so, to suspend, withdraw or cancel the credit facility at any time with or without notice. 15.2 RaptorTech is not liable for any loss, damage or delay whatsoever arising from the refusal, suspension, withdrawal or cancellation by RaptorTech to provide credit. 15.3 If RaptorTech terminates a credit facility pursuant to clause 15.1, RaptorTech may, without limitation, exercise its entitlements under clauses 16.3 and 16.4 of these Terms.

Termination of Credit. 15.1 WesTrac reserves the right, in its sole and absolute discretion and without any obligation or duty to do so, to suspend, withdraw or cancel the credit facility at any time with or without notice. 15.2 WesTrac is not liable for any loss, damage or delay whatsoever arising from the refusal, suspension, withdrawal or cancellation by WesTrac to provide credit. 15.3 If WesTrac terminates a credit facility pursuant to clause 15.1, WesTrac may, without limitation, exercise its entitlements under clauses 16.3 and 16.4 of these Terms.