Common use of Termination of Facility Clause in Contracts

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.

Appears in 4 contracts

Samples: Support Agreement (Salton Inc), Support Agreement (Salton Inc), Credit Agreement (Salton Inc)

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Termination of Facility. The Borrowers may terminate this Agreement upon at least ten (10) Business Days' notice (or such shorter period as agreed to by the Agent in its sole discretion) to the Agent and the LendersAgent, upon (a) the payment in full of the outstanding Term Loans, together with accrued interest thereon, and (b) the payment in full in cash Full Payment of all reimbursable expenses Obligations (other than Bank Products that the applicable Lender chooses not to terminate and other Obligationsindemnity obligations that survive the termination of this Agreement and are not due and payable at such termination). On the effective date of termination of this Agreement, any Lender may terminate its and its Affiliates’ Bank Products.

Appears in 4 contracts

Samples: Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp)

Termination of Facility. The Borrowers 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 the all outstanding Term Revolving Loans, together with accrued interest thereon, and the cancellation and return of all outstanding Letters of Credit, (b) the payment in full in cash of all reimbursable expenses and other Obligations, and (c) with respect to any LIBOR Rate Loans prepaid, payment of the amounts due under Section 4.4, if any.

Appears in 2 contracts

Samples: Credit Agreement (Advanced Micro Devices Inc), Credit Agreement (Spansion Inc.)

Termination of Facility. The Borrowers Borrower may terminate this Agreement upon at least ten (10) Business Days' notice to the Agent and the Lenders, upon (ai) the payment in full of the all outstanding Term Loans, together with accrued interest thereon, and (bii) the payment in full in cash of all reimbursable expenses other Obligations together with accrued interest thereon, and other Obligations(iii) 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.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (LDM Technologies Inc), Term Loan and Security Agreement (LDM Technologies Inc)

Termination of Facility. The Borrowers Borrowers, acting jointly, may ----------------------- terminate this Agreement upon at least ten (10) 30 Business Days' notice to the Agent and the Lenders, upon (a) the payment in full of the all outstanding Term Revolving Loans, together with accrued interest thereon, and (b) the payment in full in cash cancellation and return of all reimbursable expenses and other Obligations.outstanding Letters of Credit (or the provision of Cash

Appears in 1 contract

Samples: Credit Agreement (Mail Well Inc)

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 all outstanding Term Revolving Loans, together with accrued interest thereon, and the cancellation and return of all outstanding Letters of Credit, (b) the payment in full in cash of all reimbursable expenses and other Obligations., and (e) with respect to any LIBOR Rate Loans prepaid, payment of the amounts due under Section 4.4, if any

Appears in 1 contract

Samples: Credit Agreement (Enpro Industries Inc)

Termination of Facility. The Borrowers 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 the all outstanding Term Revolving Loans, together with accrued interest thereon, and the cancellation and return of all outstanding Letters of Credit, (b) the payment in full in cash of all reimbursable expenses and other Obligations, and (c) with respect to any Eurodollar Revolving Loan prepaid, payment of the amounts due under Section 4.4, if any.

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

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Termination of Facility. The Borrowers may terminate this Agreement upon at least ten (10) Business Days' notice by Borrowers’ Agent to the Administrative Agent and the Lenders, upon (a) the payment in full of the all outstanding Term Revolving Loans, together with accrued interest thereon, and the cancellation and return of all outstanding Letters of Credit, (b) the payment in full in cash of all reimbursable expenses and other Obligations, and (c) with respect to any LIBOR Rate Loans prepaid, payment of the amounts due under Section 4.4, if any.

Appears in 1 contract

Samples: Credit Agreement (Kforce Inc)

Termination of Facility. The Borrowers Borrower may terminate this Agreement upon at least ten five (105) Business Days' notice to the Agent and the Lenders, upon upon (a) the payment in full of the all outstanding Term Loans, together with accrued interest thereon, and (b) the payment in full in cash of all reimbursable expenses other Obligations together with accrued and other Obligationsunpaid interest thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Timco Aviation Services Inc)

Termination of Facility. The Borrowers may terminate this Agreement upon at least ten seven (107) Business Days' notice by Borrowers’ Agent to the Administrative Agent and the Lenders, upon (a) the payment in full of the all outstanding Term Revolving Loans, together with accrued interest thereon, and the cancellation and return of all outstanding Letters of Credit, (b) the payment in full in cash of all reimbursable expenses and other ObligationsObligations (without penalty or premium), and (c) with respect to any LIBOR Rate Loans prepaid, payment of the amounts due under Section 4.4, if any.

Appears in 1 contract

Samples: Credit Agreement (Kforce Inc)

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 all outstanding Term Revolving Loans, together with accrued interest thereon, and the cancellation and return of all outstanding Letters of Credit, (b) the payment in full in cash of all reimbursable expenses and other Obligations, and (c) with respect to any Eurodollar Revolving Loan prepaid, payment of the amounts due under Section 4.4, if any.

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

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