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, 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. Any of the Lenders may terminate this Financing Agreement on September 30, 2005 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 115 satisfactory to the Agent) to cover all of the Obligations, whether absolute or contingent. All of the Agent...
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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. 97 ARTICLE XV. MISCELLANEOUS.........................................................98
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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. 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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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 Revolving Credit Commitments and this Financing Agreement on April 30, 2000 or any Anniversary Date of the Closing Date subsequent to April 30, 2000 by giving the Borrower at least sixty (60) days' prior written notice of termination. Notwithstanding the foregoing, the Agent may terminate the 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.
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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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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.

  • 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 Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • Termination of Original Agreement Each Party agrees that the Original Agreement is hereby terminated as of the Effective Date and shall be of no further force or effect and, for the avoidance of doubt, no provisions of the Original Agreement survive such termination.

  • 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.

  • Termination and Amendment of Agreement The Corporation and the Custodian mutually may agree from time to time in writing to amend, to add to, or to delete from any provision of this Agreement. The Custodian may terminate this Agreement by giving the Corporation ninety days' written notice of such termination by registered mail addressed to the Corporation at its principal place of business. The Corporation may terminate this Agreement at any time by written notice thereof delivered, together with a copy of the resolution of the Board of Directors authorizing such termination and certified by the Secretary of the Corporation, by registered mail to the Custodian. Upon such termination of this Agreement, assets of the Corporation held by the Custodian shall be delivered by the Custodian to a successor custodian, if one has been appointed by the Corporation, upon receipt by the Custodian of a copy of the resolution of the Board of Directors of the Corporation certified by the Secretary, showing appointment of the successor custodian, and provided that such successor custodian is a bank or trust company, organized under the laws of the United States or of any State of the United States, having not less than two million dollars aggregate capital, surplus and undivided profits. Upon the termination of this Agreement as a part of the transfer of assets, either to a successor custodian or otherwise, the Custodian will deliver securities held by it hereunder, when so authorized and directed by resolution of the Board of Directors of the Corporation, to a duly appointed agent of the successor custodian or to the appropriate transfer agents for transfer of registration and delivery as directed. Delivery of assets on termination of this Agreement shall be effected in a reasonable, expeditious and orderly manner; and in order to accomplish an orderly transition from the Custodian to the successor custodian, the Custodian shall continue to act as such under this Agreement as to assets in its possession or control. Termination as to each security shall become effective upon delivery to the successor custodian, its agent, or to a transfer agent for a specific security for the account of the successor custodian, and such delivery shall constitute effective delivery by the Custodian to the successor under this Agreement. In addition to the means of termination herein before authorized, this Agreement may be terminated at any time by the vote of a majority of the outstanding shares of the Corporation and after written notice of such action to the Custodian.

  • 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.

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