Termination of Loan Agreement Sample Clauses

Termination of Loan Agreement. Upon performance by the Borrower of all of its obligations under this Loan Agreement, including payment in full of the Final Loan Amount, all accrued interest and all fees, charges and other amounts due hereunder, this Loan Agreement will terminate, and DEQ will release its interest in any collateral given as security under this Loan Agreement.
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Termination of Loan Agreement. The obligations of the parties hereunder, excluding those which expressly survive the termination hereof or repayment of the Loan, shall terminate only upon indefeasible repayment in full of the outstanding principal amount of the Loan, together with all interest and other indebtedness due and payable in connection therewith, and all other outstanding Obligations. If the Obligations have been repaid and thereafter such all or any portion of such payment is rescinded or must otherwise be returned or paid over by Agent or any Lender, whether required pursuant to any bankruptcy or insolvency law or otherwise, the Obligations and the obligations of each party under the Loan Documents, shall continue.
Termination of Loan Agreement. Except during the continuance of an Event of Default, the Borrower shall have the option of terminating this Loan Agreement subject to the following conditions: (1) Such option may be exercised if one of the events described in Section 5.7 or 5.8 hereof shall have occurred or if as a result of any changes in the Constitution of the State or the Constitution of the United States of America, or of any legislative or administrative action, whether state or federal, or of any final decree, judgment or order of any court or administrative body, whether state or federal, entered after the contest thereof by the Borrower in good faith, the agreements contained in this Loan Agreement shall have become impossible of performance in accordance with the intent and purposes of the parties as expressed herein, or unreasonable burdens or excessive liabilities shall have been imposed upon the Borrower, including but not limited to the imposition of new state or local ad valorem, property, income or other taxes not imposed on the date of this Loan Agreement, other than ad valorem taxes upon privately owned property and for the same general purpose as the Project and special assessments levied in amounts proportionate to and not exceeding the benefits of future public improvements to the land included in the Project. (2) With respect to any of the events stated in subsection (1), if the Borrower determines to exercise its option to terminate this Loan Agreement it must give written notice to the Issuer and Trustee of its decision to exercise its option within one hundred twenty (120) days after such event. (3) The Borrower shall give written notice to the Issuer and Trustee of its intention to exercise the option, stating therein a termination date not less than forty-five (45) nor more than ninety (90) days after the date the notice is mailed, but in no event prior to the date on which all Outstanding Subordinate Bonds shall be deemed discharged under Article 9 of the Indenture, and the Borrower shall make arrangements satisfactory to the Trustee for the giving of any notice required for redemption of all of the Outstanding Subordinate Bonds on the date on which the Subordinate Bonds are to be redeemed. (4) The Borrower shall make a Basic Payment as provided in Section 4.2 hereof on the Redemption Date.
Termination of Loan Agreement. Recovery 9.1. Acting as the authorised representative of Lenders, the Operator shall have the right to unilaterally terminate the Loan Agreement effective immediately, and demand payment of the full Loan Amount, Interest and other amounts past due (fines, default interest) specified in the Loan Agreement on the grounds provided for in the Civil Code of the Republic of Lithuania, and payment of fees and charges set in the Service Rates approved by the Operator if: 9.1.1. the Borrower does not pay any amount payable under the Loan Agreement on the terms, in the manner and within the time limit set forth in the Loan Agreement, and does not rectify the violation in full within 14 (fourteen) calendar days from provision of the Operator’s written notice of the defaulted obligation; 9.1.2. the Borrower violates the obligations set out in paragraph 8.1 of these General Terms and does not rectify the violation within 7 (seven) calendar days from provision of the Operator’s written notice of the defaulted obligation; if it is objectively no longer possible (or sensible) to rectify the violation, the Operator shall not grant the time limit of 7 (seven) calendar days, and may rely on this ground for termination of the Loan Agreement immediately; 9.1.3. the Borrower violates any of the obligations set out in paragraph 5.2 or 5.3 of these General Terms; 9.1.4. the Borrower uses the Loan Amount (or any part thereof) for the purpose other than indicated in the Special Terms of the Loan Agreement; 9.1.5. it transpires that any one of the representations and warranties of the Borrower provided in paragraph 8.5 of the General Terms is incorrect, misleading or no longer realisable; 9.1.6. the Borrower and/or Associated Persons has/have committed a material breach of their obligations arising out of the Performance Security transactions or other transactions indicated in the Special Terms of this Loan Agreement and related to this Loan Agreement; 9.1.7. the Borrower or any of its Associated Persons becomes insolvent or declares its insolvency in accordance with the applicable legal acts; 9.1.8. competent authorities take any actions as a result of which the Borrower or any of its Associated Persons becomes unable to perform the obligations arising out of this Loan Agreement, Performance Security transactions or other transactions indicated in the Special Terms of this Loan Agreement in due time and manner; 9.1.9. any judicial, administrative or arbitration procedure is institu...
Termination of Loan Agreement. Should the Borrower die or become unable to make the scheduled payments, iA Trust may terminate the Loan Agreement and demand immediate payment of the full Loan Amount. Furthermore, the Borrower acknowledges that if, further to legislative or regulatory changes or an interpretation by the courts of any law, regulations or the Loan Agreement, iA Trust can no longer legally grant this loan or any additional loans, or can no longer legally fulfill all or part of its obligations under the Loan Agreement, iA Trust may terminate the Loan Agreement and demand immediate payment of the full Loan Amount.
Termination of Loan Agreement. Each of the Warrantors shall jointly and severally procure that the Company takes all actions and executes all documents necessary or desirable to effect the termination of the Loan Agreement immediately after Closing.
Termination of Loan Agreement. Any obligation of the Purchaser to make any loans under the Loan Agreement shall terminate upon the Closing. The Purchaser shall file a Uniform Commercial Code statement to terminate its security interest in collateral for loans under the Loan Agreement.
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Termination of Loan Agreement. (a) This Loan Agreement shall terminate on the Termination Date. The Servicer shall promptly notify the Agent and the Guarantor in writing of any prospective termination pursuant to this Article XIII. Upon termination of this Loan Agreement, the Agent shall notify the Lockbox Bank of the same pursuant to the Account Control Agreement, the Liens in favor of the Agent on the Collateral shall automatically terminate and the Agent shall convey and transfer of all right, title and interest in and to the Solar Loans and other property and funds in the Collateral to the Borrower. (b) Notice of any prospective termination (other than pursuant to Section 6.01(a) with respect to Voluntary Prepayments in full), specifying the Payment Date for payment of the final payment and requesting the surrender of the Loan Note for cancellation, shall be given promptly by the Agent by letter to the Lender, the Rating Agency and the Guarantor upon the Agent receiving written notice of such event from the Borrower or the Servicer. The Borrower or the Servicer shall give such notice to the Agent and the Guarantor not later than the 5th day of the month of the final Payment Date describing (i) the Payment Date upon which final payment of the Loan shall be made, (ii) the amount of any such final payment, and (iii) the location for presentation and surrender of the Loan Note.
Termination of Loan Agreement. Evidence satisfactory to Purchaser evidencing full satisfaction, discharge and termination of that certain Business Loan Agreement between the Company and WestAmerica Bank.
Termination of Loan Agreement. At the Closing, the Selling Shareholder agrees that the principal and interest under the loan agreements entered into between the Selling Shareholder or any of its affiliates on one hand and the Purchaser, the Company or the Principal on the other, and all outstanding amounts due and owing from the Purchaser, the Company or the Principal to the Selling Shareholder or any of its affiliates shall be released and be written-off unconditionally and absolutely and that the loan agreements be terminated with no further obligation on the part of the Purchaser, the Company or the Principal.
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