Termination of Facility. The Borrowers may terminate this Agreement upon at least ten (10) Business Days' notice to the Agent and the Lenders, upon (a) the payment in full of the outstanding Term Loans, together with accrued interest thereon, and (b) the payment in full in cash of all reimbursable expenses and other Obligations.
Termination of Facility. (a) Effective from and after the Closing Date, the Borrower may terminate this Agreement upon at least fifteen (15) days’ irrevocable written notice to the Agent and the Lenders, upon (i) the payment in full of all outstanding Loans, together with accrued interest thereon, (ii) the payment of the prepayment fee set forth in clause (c) below, (iii) the payment in full in cash of all other Obligations together with accrued interest thereon, and (iv) with respect to any LIBOR Rate Loans prepaid in connection with such termination prior to the expiration date of the LIBOR Period applicable thereto, the payment of the amounts described in Section 5.4.
(b) The Borrower may prepay the outstanding principal amount of the Loans in part upon at least five (5) Business Days’ irrevocable written notice to the Agent and the Lenders specifying the principal amount of such prepayment and the Business Day on which such prepayment shall occur, upon (i) the payment of the prepayment fee set forth in clause (c) below, (ii) the payment of all accrued but unpaid interest in respect of the principal amount of the Loans prepaid and (iii) with respect to any LIBOR Rate Loans prepaid prior to the expiration date of the LIBOR Period applicable thereto, the payment of the amounts described in Section 5.4.
(c) If this Agreement is terminated at any time prior to the Stated Termination Date, whether pursuant to this Section or pursuant to Section 11.2, or if the Borrower prepays for any reason (whether voluntarily, pursuant to Section 4.8 or otherwise) any of the outstanding principal amount of the Loans prior to the scheduled date on which such principal amount falls due, the Borrower shall pay to the Agent, for the account of the Lenders, a prepayment fee determined in accordance with the following table: On or prior to September 27, 2003 3.0% of the principal amount of the Loans prepaid (or required to be prepaid) After September 27, 2003 but on or prior to September 27, 2004 2.0% of the principal amount of the Loans prepaid (or required to be prepaid) After September 27, 2004 but on or prior to September 27, 2005 1.0% of the principal amount of the Loans prepaid (or required to be prepaid)
(d) All partial prepayments of the Loans shall be applied to the principal installments then remaining in inverse order of maturity.
Termination of Facility. 6.1 The Facility is repayable on demand and may be varied or terminated in the absolute discretion of the Company. In particular the Facility will be terminated upon the occurrence of any one or more of the following events:
(i) the withdrawal or non-renewal of the Customer's authorization to the Company as required by section 7 of the Securities and Futures (Client Securities) Rules; or
(ii) any termination in accordance with Clauses 11 and 12 of the Securities Client Agreement, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Facility.
6.2 Upon termination of the Facility, any outstanding indebtedness by the Customer shall forthwith be repaid to the Company.
6.3 Repayment of all or any of the loan amounts owed to the Company will not of itself constitute cancellation or termination of the Margin Facility Terms.
Termination of Facility. The Borrower may terminate this Agreement upon at least ten (10) Business Days' notice to the Agent and the Lenders, upon (a) the payment in full of all outstanding Revolving Loans, together with accrued interest thereon, and the cancellation of all outstanding Letters of Credit, (b) the payment of the early termination fee set forth in the next sentence, (c) the payment in full in cash of all other outstanding monetary Obligations together with accrued interest thereon, if any, and (d) with respect to any LIBOR Revolving Loans prepaid in connection with such termination prior to the expiration date of the Interest Period applicable thereto, the payment of the amounts described in Section 5.4. If this Agreement is terminated at any time prior to the Stated Termination Date, whether pursuant to this Section or pursuant to Section 11.2, the Borrower shall pay to the Agent, for the account of the Lenders, an early termination fee determined in accordance with the following table: PERIOD DURING WHICH EARLY EARLY TERMINATION FEE TERMINATION OCCURS --------------------- ------------------ On or prior to the first Anniversary Date $2,700,000 After the first Anniversary Date but on or prior to $1,350,000 the second Anniversary Date After the second Anniversary Date 0 provided that in the event this Agreement is refinanced pursuant to a credit agreement under which BABC or an Affiliate of BABC is the agent or the sole lender, then no early termination fee shall be payable hereunder.
Termination of Facility. 44 4.3 Payments by the Borrower.......................................................................45 4.4 Payments as Revolving Loans....................................................................46 4.5 Apportionment, Application and Reversal of Payments............................................46 4.6
Termination of Facility. 46 4.3 Payments by the Borrower............................................... 47 4.4 Payments as Revolving Loans............................................ 48 4.5 Apportionment, Application and Reversal of Payments.................... 48 4.6
Termination of Facility. 7.1 The Facility is repayable on demand and may be varied or terminated in the absolute discretion of WLSL. In particular the Facility will be terminated upon the occurrence of any one or more of the following events:-
(a) the withdrawal of the Client’s authorisation to WLSL as contained in the said Standing Authority (Client Securities), or
(b) the non-renewal of such authorisation in favour of WLSL upon expiry or when called upon to do so; or
(c) any termination in accordance with Clause(s) 17.2(c)(ii) and/or 18 of the main body of this Agreement and any notice of termination for that purpose shall be deemed to be a notice of termination of the Facility.
7.2 Upon termination of the Facility, any outstanding indebtedness by the Client shall forthwith be repaid to WLSL.
7.3 Repayment of all or any of the loan amounts owed to WLSL will not of itself constitute cancellation or termination of the Margin Facility Terms.
Termination of Facility. 9.3.1 The Facility is repayable on demand and may be varied or terminated in the absolute discretion of CIF. In particular the Facility will be terminated upon the occurrence of any one or more of the following events:
(a) the withdrawal or non-renewal of the Client's authorization to CIF as required by section 7 of the Securities and Futures (Client Securities) Rules (Cap.571H of the laws of Hong Kong); or
(b) any termination in accordance with Clauses 9.1.6 of the Securities Trading Account, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Facility. Upon termination of the Facility, any outstanding indebtedness by the Client shall forthwith be repaid to CIF.
9.3.2 Repayment of all or any of the loan amounts owed to CIF will not of itself constitute cancellation or termination of the Margin Facility Terms.
Termination of Facility. The Borrower may terminate this Agreement upon at least thirty (30) Business Days’ notice to the Agent and the Lenders, upon (a) the payment in full of all outstanding Revolving Loans, together with accrued interest thereon, (b) the payment of the early termination fee set forth in the next sentence, (c) the payment in full in cash of all other Obligations together with accrued and unpaid interest thereon, and (d) with respect to any LIBOR Rate Loans prepaid in connection with such termination prior to the expiration date of the Interest Period applicable thereto, the payment of the amounts described in Section 5.4. If this Agreement is terminated at any time prior to the Stated Termination Date, whether pursuant to this Section or pursuant to Section 11.2, the Borrower shall pay to the Agent, for the account of the Lenders, an early termination fee equal to (i) one half of one percent (0.5%) of the Maximum Revolver Amount if such termination occurs more than one year prior to the Stated Termination Date, or (ii) one quarter of one percent (0.25%) of the Maximum Revolver Amount if such termination occurs within the year prior to the Stated Termination Date.
Termination of Facility. Borrower may terminate this Agreement upon at least three (3) Business Days' notice to Lender, upon the payment in full of all outstanding Loans, together with accrued interest thereon, and the payment in full in cash of all other Obligations then outstanding.
