Common use of Termination of Facility Clause in Contracts

Termination of Facility. The Borrowers may terminate this Agreement upon at least five (5) 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 and return of all outstanding Letters of Credit or such Letters of Credit being Fully Supported, (b) the payment in full in cash of all reimbursable expenses and other Obligations, and (c) with respect to any LIBOR Loans prepaid, payment of the amounts due under Section 4.4, if any, in each case on or prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Anntaylor Stores Corp)

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Termination of Facility. The Borrowers may terminate this Agreement upon at least five ten (510) Business Days’ notice by Borrowers’ Agent to the Administrative 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 of all outstanding Letters of Credit or such Letters of Credit being Fully SupportedCredit, (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, in each case on or prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Kforce Inc)

Termination of Facility. The Borrowers may terminate this Agreement upon at least five (5) 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 and return of all outstanding Letters of Credit or such Letters of Credit being Fully Supported, (b) the payment in full in cash of all reimbursable expenses and other Obligations, and (c) with respect to any LIBOR Loans prepaid, payment of the amounts due under Section 4.4, if any, in each case on or prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Taylor Ann Stores Corp)

Termination of Facility. The Borrowers may terminate this Agreement upon at least five ten (510) 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 and return of all outstanding Letters of Credit or such Letters of Credit being Fully SupportedCredit, (b) the payment in full in cash of all reimbursable expenses and other Obligations, and (ce) with respect to any LIBOR Rate Loans prepaid, payment of the amounts due under Section 4.4, if any, in each case on or prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Enpro Industries Inc)

Termination of Facility. The Borrowers Borrower may terminate this Agreement upon at least five (5) 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 and return of all outstanding Letters of Credit or such Letters of Credit being Fully Supported, (b) the payment in full in cash of all reimbursable expenses other Obligations together with accrued and other Obligations, and (c) with respect to any LIBOR Loans prepaid, payment of the amounts due under Section 4.4, if any, in each case on or prior to the Termination Dateunpaid interest thereon.

Appears in 1 contract

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

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Termination of Facility. The Borrowers may terminate this Agreement upon at least five (5) 10 Business Days’ notice to the Agent and the LendersLender, upon (a) the payment in full of all outstanding Revolving Loans, together with accrued interest thereon, and the cancellation and return of all outstanding Letters of Credit or such Letters the provision of a Supporting Letter of Credit being Fully Supportedor Cash Collateral in accordance with Section 1.4 hereof, (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, in each case on or prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Remedytemp Inc)

Termination of Facility. The Borrowers may terminate this Agreement upon at least five seven (57) Business Days’ notice by Borrowers’ Agent to the Administrative 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 of all outstanding Letters of Credit or such Letters of Credit being Fully SupportedCredit, (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, in each case on or prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Kforce Inc)

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