Common use of Termination of Facility Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Divine Inc), Credit Agreement (Divine Inc), Credit Agreement (Open Market Inc)

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Termination of Facility. The Borrower may terminate this Agreement upon at any time by giving at least three ten (310) Business Days' Days prior written notice to Lender, upon the payment Lender and paying in full of (a) all outstanding Revolving Loans, together with accrued interest thereon, thereon and the payment in full in cash of (b) all other Obligations then outstandingtogether with accrued interest thereon." I. Amendment to Section 9. Section 9.19 of the Agreement is amended in its entirety to read as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Group Inc)

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Termination of Facility. The Borrower may terminate this Agreement upon at least three ten (310) Business Days' notice to Lenderthe Agent and the Lenders, upon (a) the payment in full of all outstanding Revolving Loans, together with accrued interest thereon, and the cancellation and return or the cash collateralization pursuant to Section 1.4(g) of all outstanding Letters of Credit, (b) the payment in full in cash of all reimbursable expenses and other Obligations then outstandingObligations, 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 (Gfsi Inc)

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