TERMINATION OF MARGIN FACILITY Sample Clauses

TERMINATION OF MARGIN FACILITY. 11.1 The Margin Facility is repayable on demand and may be varied or terminated in the absolute discretion of GTJAS. In particular, the Margin Facility will be terminated upon the occurrence of any one or more of the following events:- (a) the withdrawal or non-renewal of the Client’s authorisation to GTJAS as required by Section 7(2) of Securities & Futures (Client Securities) Rules (Cap.571H); or (b) any termination in accordance with Clause 13.12 of the Client Agreement for Securities Trading, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Margin Facility. 11.2 Upon termination of the Margin Facility, any outstanding indebtedness by the Client shall forthwith be repaid to GTJAS. 11.3 Repayment of all or any of the loan amounts owed to GTJAS will not of itself constitute cancellation or termination of the Margin Facility Terms. 11.4 Suspension or termination of services under the Margin Account (a) GTJAS has the right to suspend or terminate all or any of the services under the Margin Account with or without giving the Client notice or reason (b) Without limiting or reducing the effect of Clause 11.1 or Clause 11.4 (a), if any Event of Default occurs, GTJAS has the right to terminate the services under the Margin Account and close the Margin Account with immediate effect and without notice to the Client.
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TERMINATION OF MARGIN FACILITY. 34.1 The Margin Facility is repayable on demand and may be varied or terminated in the sole and absolute discretion of uSMART SG. In particular, the Margin Facility will be terminated upon the occurrence of any one or more of the following events:- 34.1.1 the withdrawal or non-renewal of the Client’s authorisation to uSMART SG; or 34.1.2 any termination in accordance with Clause 15.11 of this Agreement, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Margin Facility. 34.2 Upon termination of the Margin Facility, any outstanding indebtedness by the Client shall forthwith be repaid to uSMART SG.
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TERMINATION OF MARGIN FACILITY. 11.1 The Margin Facility is repayable on demand and may be varied or terminated in the absolute discretion of USL. In particular, the Margin Facility will be terminated upon the occurrence of any one or more of the following events:- (a) the withdrawal or non-renewal of the Client’s authorisation to USL as required by Section 7(2) of Securities & Futures (Client Securities) Rules (Cap.571H); or (b) any termination in accordance with Clause 13.11 of the Client Agreement for Securities Trading, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Margin Facility. 11.2 Upon termination of the Margin Facility, any outstanding indebtedness by the Client shall forthwith be repaid to USL. 11.3 Repayment of all or any of the loan amounts owed to USL will not of itself constitute cancellation or termination of the Margin Facility Terms. 11.4 Suspension or termination of services under the Margin Account (a) USL has the right to suspend or terminate all or any of the services under the Margin Account with or without giving the Client notice or reason (b) Without limiting or reducing the effect of Clause 11.1 or Clause 11.4 (a), if any Event of Default occurs, USL has the right to terminate the services under the Margin Account and close the Margin Account with immediate effect and without notice to the Client.
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TERMINATION OF MARGIN FACILITY. 9.1 Any amount due under the Margin Facility is repayable on demand and the Margin Facility may be varied or terminated in the absolute discretion of CSSS. In particular, the Margin Facility will be terminated upon the occurrence of any one or more of the following events: (a) the withdrawal or non-renewal of your authorization to CSSS stipulated in Clause 8.2 and Clause 8.3 of the Addendum A; or (b) any termination in accordance with Clause 16 of the Agreement, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Margin Facility. 9.2 Upon termination of the Margin Facility, any outstanding indebtedness by you shall forthwith be repaid to CSSS. 9.3 Your repayment of all or any of the loan amounts owed to CSSS will not of itself constitute cancellation or termination of the Margin Facility Terms.
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TERMINATION OF MARGIN FACILITY. 33.1 The Margin Facility is repayable on demand and may be varied or terminated in the absolute discretion of USPL. In particular, the Margin Facility will be terminated upon the occurrence of any one or more of the following events:- 33.1.1 the withdrawal or non-renewal of the Client’s authorisation to USPL; or 33.1.2 any termination in accordance with Clause 14.11 of this Agreement, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Margin Facility. 33.2 Upon termination of the Margin Facility, any outstanding indebtedness by the Client shall forthwith be repaid to USPL.
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Related to TERMINATION OF MARGIN FACILITY

  • Termination of Facility The Borrowers may terminate this Agreement upon at least ten (10) Business Days' notice to the Agent and the Lenders, upon (a) the payment in full of the outstanding Term Loans, together with accrued interest thereon, and (b) the payment in full in cash of all reimbursable expenses and other Obligations.

  • Termination of Revolving Credit Facility The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

  • Termination or Reduction of Revolving Commitments The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Commitments then in effect.

  • Reduction or Termination of Commitments Unless previously terminated, the Commitments shall terminate on the Revolving Commitment Termination Date. The Borrower shall have the right, upon not less than two Business Days’ written notice to the Administrative Agent, to terminate the Commitments or, from time to time, reduce the amount of the Commitments; provided, however, that the Borrower shall not terminate or reduce any Commitment if, after giving effect to any concurrent repayment of the Loans in accordance with Section 2.07 and Section 2.08, the total Credit Exposure of the Lenders would exceed the sum of total Commitments. Any reduction shall be accompanied by prepayment of the Loans to the extent, if any, that the total Credit Exposure of the Lenders then outstanding exceeds the sum of the total Commitments as then reduced. Any termination of the Commitments shall be accompanied by prepayment in full of the Loans then outstanding and the payment of any unpaid fees then accrued hereunder. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender thereof. Any partial reduction shall be in an amount of $5,000,000 or a whole multiple thereof and shall reduce permanently the total amount of the Commitments, together with a corresponding reduction in the aggregate amount of each Lender’s applicable Commitment. The Commitments, once terminated or reduced, may not be reinstated. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their Commitments (except for in connection with the termination of this Agreement as to any Lender pursuant to Section 10.15).

  • Termination and Reduction of Revolving Commitments (a) Unless previously terminated, the Revolving Commitments shall terminate on the Maturity Date. (b) The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments; provided that (i) each partial reduction of the Revolving Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the sum of the Aggregate Total Exposure would exceed the total Commitments. (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Revolving Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Revolving Commitments shall be permanent. Each reduction of the Revolving Commitments shall be applied to the Lenders in accordance with their respective Applicable Percentages. (d) If, after giving effect to any reduction of the Revolving Commitments, the Letter of Credit Sublimit exceeds the amount of the Revolving Commitments, such Letter of Credit Sublimit shall be automatically reduced by the amount of such excess.

  • Optional Termination and Reduction of Aggregate Credit Amounts (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided that (A) each reduction of the Aggregate Maximum Credit Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments. (ii) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Maximum Credit Amounts under Section 2.06(b)(i) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(b)(ii) shall be irrevocable. Any termination or reduction of the Aggregate Maximum Credit Amounts shall be permanent and may not be reinstated. Each reduction of the Aggregate Maximum Credit Amounts shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage.

  • Termination or Reduction of Aggregate Revolving Commitments The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. three (3) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $500,000 or any whole multiple of $500,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments and (iv) if, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Commitments, such sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving Commitments. Any reduction of the Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination. Notwithstanding anything herein to the contrary, the Borrower may rescind any notice of termination of Aggregate Revolving Commitments under this Section 2.06 if such termination would have resulted from the refinancing of all or a portion of the Loans, which refinancing shall not be consummated or shall otherwise be delayed.

  • Termination Reduction or Increase of the Commitments (a) The Company shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that (x) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c). (b) If any Lender shall make a demand under Section 2.11 or 2.14 or if the obligation of any Lender to make Eurodollar Rate Advances shall have been suspended pursuant to Section 2.12, the Company shall have the right, upon at least ten Business Days' notice, to terminate in full the Commitment of such Lender or to demand that such Lender assign to one or more Persons all of its rights and obligations under this Agreement in accordance with Section 8.

  • Termination or Reduction of Revolving Credit Commitments The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof), to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

  • Termination of Facilities Declare the principal of and interest on the Loans, the Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations (other than Hedging Obligations), to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence of an Event of Default specified in Section 12.1(j) or (k), the Credit Facility shall be automatically terminated and all Obligations (other than Hedging Obligations) shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or in any other Loan Document to the contrary notwithstanding.

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