Common use of Termination of Revolving Commitment Clause in Contracts

Termination of Revolving Commitment. On the Maturity Date, the Revolving Commitment shall be cancelled automatically. Upon such cancellation, the Revolving Advances (together with all other Lender Debt) shall become, without further action by any Person, immediately due and payable together with all accrued interest thereon to such date plus any fees, premiums, charges or costs provided for hereunder.

Appears in 2 contracts

Samples: Loan and Security Agreement (Physicians Clinical Laboratory Inc), Loan and Security Agreement (Nu Tech Bio Med Inc)

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Termination of Revolving Commitment. On the Maturity Date, the Revolving Commitment shall be cancelled automatically. In addition, prior to the Maturity Date, the Borrowers may terminate the Revolving Commitment pursuant to Section 6.07(b). Upon such cancellation, the Revolving Advances Loan (together with all other Lender Debt) shall become, without further action by any Person, immediately due and payable together with all accrued interest thereon to such date plus any feesfees (including, as applicable, the Early Termination Fee) premiums, charges or costs provided for hereunder.

Appears in 2 contracts

Samples: Loan and Security Agreement (BioScrip, Inc.), Loan and Security Agreement (BioScrip, Inc.)

Termination of Revolving Commitment. (a) On the Maturity Date, the Revolving Commitment shall be cancelled automatically. In addition, prior to the Maturity Date, the Borrower may terminate the Revolving Commitment pursuant to Section 5.07(b). Upon such cancellation, the Revolving Advances (together with all other Lender Debt) shall become, without further action by any Person, immediately due and payable together with all accrued interest thereon to such date plus any fees, premiums, charges or costs provided for hereunder.

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement and Loan and Security Agreement (Star Multi Care Services Inc)

Termination of Revolving Commitment. On the Maturity Date, the Revolving Commitment shall be cancelled automatically. In addition, prior to the Maturity Date, the Borrower may terminate the Revolving Commitment pursuant to Section 5.07(b). Upon such cancellation, the Revolving Advances (together with all other Lender Debt) shall become, without further action by any Person, immediately due and payable together with all accrued interest thereon to such date plus any fees, premiums, charges or costs provided for hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Community Care of America Inc)

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Termination of Revolving Commitment. On the Maturity Date, the Revolving Commitment shall be cancelled canceled automatically. In addition, prior to the Maturity Date, the Borrower may terminate the Revolving Commitment pursuant to Section 5.07(b). Upon such cancellation, the Revolving Advances Loan (together with all other Lender Debt) shall become, without further action by any Person, immediately due and payable together with all accrued interest thereon to such date plus any fees, premiums, charges or costs provided for hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Mim Corp)

Termination of Revolving Commitment. On the Maturity Date, the Revolving Commitment shall be cancelled automaticallycanceled automatically and the Revolving Loan shall become due and payable in full. In addition, prior to the Maturity Date, the Borrower may terminate the Revolving Commitment pursuant to Section 5.07(c). Upon such cancellation, the Revolving Advances Loan (together with all other Lender Debt) shall become, without further action by any Person, immediately due and payable together with all accrued interest thereon to such date plus and any feesfees (including without limitation, the Early Termination Fee), premiums, charges or costs provided for hereunderhereunder with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Staff Builders Inc /De/)

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