Common use of Termination of Revolver Commitments Clause in Contracts

Termination of Revolver Commitments. The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 45 days prior written notice to Agent at any time after the first Loan Year, Borrowers may, at their option, terminate the Revolver Commitments and this credit facility. Any notice of termination given by Borrowers shall be irrevocable. On the termination date, Borrowers shall make Full Payment of all Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Headwaters Inc), Loan and Security Agreement (Headwaters Inc), Loan and Security Agreement (Headwaters Inc)

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Termination of Revolver Commitments. The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 45 days 90 days’ prior written notice to Agent at any time after the first Loan YearAgent, Borrowers Borrower may, at their its option, terminate the Revolver Commitments and this credit facility. Any notice of termination given by Borrowers Borrower shall be irrevocable. On the termination date, Borrowers Borrower shall make Full Payment of all Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Multi Fineline Electronix Inc)

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Termination of Revolver Commitments. The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this Agreement. Upon at least 45 90 days prior written notice to Agent at any time after the first Loan Yeartime, Borrowers Borrower may, at their its option, permanently terminate the Revolver Commitments and this credit facility. Any notice of termination given by Borrowers Borrower shall be irrevocable. On the termination date, Borrowers Borrower shall make Full Payment of all Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Sport Chalet Inc)

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