Termination of Financing Agreement Sample Clauses

Termination of Financing Agreement. The Agent, at the direction of all of the Lenders, may terminate the Lender Loan Commitments and this Financing Agreement on September 30, 2002 or any Anniversary Date thereafter by giving the Borrowers at least sixty (60) days' prior written notice of termination. Notwithstanding the foregoing, the Agent may terminate this Financing Agreement immediately upon the occurrence of an Event of Default, PROVIDED, HOWEVER, that if the Event of Default is an event listed in paragraph (e), (f) or (g) of Section 12.01 hereof, the Agent may regard this Financing Agreement as terminated and notice to that effect is not required. Any of the Lenders may terminate this Financing Agreement on September 30, 2002 or any Anniversary Date thereafter by giving the Agent and the other Lenders at least ninety (90) days prior written notice of termination. Within thirty (30) days of receipt of such notice from any such Lender(s), the Agent shall either: (a) give notice to the Borrowers of termination of the Lender Loan Commitments and this Financing Agreement in accordance with the terms hereof, in which event the obligations of the Lenders hereunder shall terminate as of the date on which termination of this Financing Agreement with the Borrowers shall become operative and effective or (b) if the other Lenders so elect, they shall have the right to purchase the terminating Lender's Pro Rata Share of its interest hereunder for the full amount thereof, together with any accrued interest. Termination of this Financing Agreement by any of the Lenders as herein provided shall not affect the Lenders' respective rights and obligations under this Financing Agreement incurred prior to the effective date of termination as set forth in the preceding sentence. This Financing Agreement, unless terminated as herein provided, shall continue. The Borrowers may terminate this Financing Agreement and the Lender Loan Commitments, in whole, only upon sixty (60) days' prior written notice by the Borrowers to the Agent, PROVIDED that the Borrowers pay to the Agent for the ratable benefit of the Lenders immediately on demand the Libor Rate Prepayment Premium. All Obligations shall become due and payable as of any termination hereunder or under Article 12 hereof and, pending a final accounting, the Agent may withhold any balances in the Borrowers' accounts (unless supplied with an indemnity satisfactory to the Agent) to cover all of the Obligations, whether absolute or contingent. All of the Agent's a...
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Termination of Financing Agreement. 97 ARTICLE XV. MISCELLANEOUS.........................................................98
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Termination of Financing Agreement. The Company shall not renew nor exercise its right to take drawdowns under the Financing Agreement dated August 29, 2012 with Zallas Trading Corp. The Company represents that the only drawdowns under the Financing Statement are set forth on Schedule 4.27.
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Termination of Financing Agreement. When the‌ 2014A Bond Trustee certifies to the Issuer that all 2014A Bonds have been defeased in accordance with Section 11.01 of the 0000X Xxxx Xxxxxxxxx and that all other obligations incurred by the Issuer and the Obligated Group under the 0000X Xxxx Xxxxxxxxx, this Financing Agreement and the 2014A Bond Obligations have been paid or that sufficient funds under the terms and conditions of Section 11.01 of the 0000X Xxxx Xxxxxxxxx for such payment are held in trust by the 2014A Bond Trustee for such purposes under the terms and conditions of Section 11.01 of the 0000X Xxxx Xxxxxxxxx, this Financing Agreement shall (except for the provisions hereof that by their express terms survive termination of this Financing Agreement) terminate and the 2014A Bond Trustee shall contemporaneously cancel Obligation No. 17 and shall deliver the same to the Obligated Group.
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Termination of Financing Agreement. Effective as of the date hereof: (a) all of the Obligations under the Financing Documents have been paid, satisfied and discharged in full (except for the obligations set forth in clause (b) below which shall survive the termination of the Financing Documents) and (b) each Financing Document and each Commitment automatically has been terminated and canceled and no longer are of any force or effect, subject to the reimbursement and indemnification protections in favor of the Lender under the Financing Documents that by the express terms of the Financing Documents are to survive the termination of the Financing Documents (which protections shall survive this Agreement and any such termination of the Financing Documents). The Lender agrees to promptly deliver to Borrower the original Revolving Credit Note. The Borrower hereby acknowledges that there are no outstanding requests for Loans under the Financing Agreement and agrees not to request additional Loans under the Financing Agreement.
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Termination of Financing Agreement. The Agent, at the direction of all of the Lenders, may terminate the Lender Loan Commitments and this Financing Agreement on September 30, 2005 or any Anniversary Date thereafter by giving the Borrowers at least sixty (60) days’ prior written notice of termination. Notwithstanding the foregoing, the Agent may terminate this Financing Agreement immediately upon the occurrence of an Event of Default, provided, however, that if the Event of Default is an event listed in paragraph (e), (f) or (g) of Section 12.01 hereof, the Agent may regard this Financing Agreement as terminated and notice to that effect is not required. The Borrowers may terminate this Financing Agreement and the Lender Loan Commitments, in whole, only upon sixty (60) days’ prior written notice by the Borrowers to the Agent, provided that the Borrowers pay to the Agent for the ratable benefit of the Lenders immediately on demand the Libor Rate Prepayment Premium. All Obligations shall become due and payable as of any termination hereunder or under Article 12 hereof and, pending a final accounting, the Agent may withhold any balances in the Borrowers’ accounts (unless supplied with an indemnity satisfactory to the Agent) to cover all of the Obligations, whether absolute or contingent. All of the Agent’s and the Lenders’ rights, liens and security interests shall continue after any termination until all Obligations have been paid and indefeasibly satisfied in full.
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Termination of Financing Agreement. Effective as of the Closing, the parties hereto agree that the Financing Agreement is terminated and of no further force or effect.
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Termination of Financing Agreement. Metro National and the Corporation shall have terminated the Financing Agreement dated on or around December 31, 2000 pursuant to which Metro National is obligated to finance the acquisition and construction of one additional restaurant site for the Corporation.
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Related to Termination of Financing Agreement

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Survival of Obligations Upon Termination of Financing Arrangements Except as otherwise expressly provided for in the Loan Documents, no termination or cancellation (regardless of cause or procedure) of any financing arrangement under this Agreement shall in any way affect or impair the obligations, duties and liabilities of the Credit Parties or the rights of Agent and Lenders relating to any unpaid portion of the Loans or any other Obligations, due or not due, liquidated, contingent or unliquidated, or any transaction or event occurring prior to such termination, or any transaction or event, the performance of which is required after the Commitment Termination Date. Except as otherwise expressly provided herein or in any other Loan Document, all undertakings, agreements, covenants, warranties and representations of or binding upon the Credit Parties, and all rights of Agent and each Lender, all as contained in the Loan Documents, shall not terminate or expire, but rather shall survive any such termination or cancellation and shall continue in full force and effect until the Termination Date; provided, that the provisions of Section 11, the payment obligations under Sections 1.15 and 1.16, and the indemnities contained in the Loan Documents shall survive the Termination Date.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Termination of Merger Agreement This Agreement shall be binding upon Holder upon Holder’s execution and delivery of this Agreement, but this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

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