Termination of Revolving Credit. The Revolving Credit shall remain in effect (subject to suspension as provided in Section 2-5(h) hereof) until the Termination Date.
Termination of Revolving Credit. This Agreement is, and is intended ------------------------------- to be, a continuing agreement and shall remain in full force and effect for an initial term ending on the Maturity Date, and thereafter for successive twelve- month periods, each beginning on the 1st day of December (commencing December 1, 2002) of each year and ending on November 30th of the following year (each such twelve-month period is hereinafter referred to as a "renewal term"); provided, however, that either party may terminate this Agreement as of the end of the initial term or any subsequent renewal term by giving the other party notice to terminate in writing at least sixty (60) days prior to the end of any such period whereupon at the end of such period all Liabilities shall be due and payable in full without presentation, demand, or further notice of any kind, whether or not all or any part of the Liabilities is otherwise due and payable pursuant to the agreement or instrument evidencing same. Lender may terminate this Agreement immediately and without notice upon the occurrence of an Event of Default. Notwithstanding the foregoing or anything in this Agreement or elsewhere to the contrary, the security interest, Lender's rights and remedies hereunder and Borrower's obligations and liabilities hereunder shall survive any termination of this Agreement and shall remain in full force and effect until all of the Liabilities outstanding, or contracted or committed for (whether or not outstanding), before the receipt of such notice by Lender, and any extensions or renewals thereof (whether made before or after receipt of such notice), together with interest accruing thereon after such notice, shall be finally and irrevocably paid in full. No Collateral shall be released or financing statement terminated until such final and irrevocable payment in full of the Liabilities, as described in the preceding sentence.
Termination of Revolving Credit. The Revolving Credit shall be terminated upon the Termination Date.
Termination of Revolving Credit. The Revolving Credit shall remain in effect until the Termination Date.
Termination of Revolving Credit. The Lender shall have the right, at its sole option and absolute discretion, to terminate the Revolving Credit upon the occurrence of any Event of Default and upon giving the Borrower notice of termination. The termination of the Revolving Credit shall not in any way release the Borrower form its obligations under this Agreement, nor shall it terminate this Agreement. The provisions of this Agreement and the security interests created by the Security Agreement shall continue in full force and effect until all amounts owed by the Borrower to the Lender, including interest, penalties, and other charges, shall have been paid in full.
Termination of Revolving Credit. This Agreement is, and is intended to be, a continuing agreement and shall remain in full force and effect for an initial term ending on the Maturity Date. Lender may terminate this Agreement immediately and without notice upon the occurrence and during the continuance of an Event of Default. Notwithstanding the foregoing or anything in this Agreement or elsewhere to the contrary, the security interest, Lender’s rights and remedies hereunder and Borrowers’ obligations and liabilities hereunder shall survive any termination of this Agreement and shall remain in full force and effect until all of the Liabilities outstanding, or contracted or committed for (whether or not outstanding), and any extensions thereof, together with interest accruing thereon after such notice, shall be finally and irrevocably paid in full. No Collateral shall be released or financing statement terminated until such final and irrevocable payment in full of the Liabilities, as described in the preceding sentence.
Termination of Revolving Credit. 97 18.2. ACTIONS ON TERMINATION........................................97
Termination of Revolving Credit. Upon termination of the Revolving Credit, Borrower shall provide Bank cash security for all issued and outstanding Letters of Credit.
Termination of Revolving Credit. The Revolving Credit shall terminate on the Termination Date, at which time all unpaid principal, all unpaid and accrued interest, and all other amounts due under the Revolving Credit shall be immediately due and payable.
Termination of Revolving Credit. This Agreement is, and is intended to be, a continuing agreement and shall remain in full force and effect for an initial term ending on the earlier of (i) the Maturity Date, or (ii) June 30, 2004, unless on or before April 30, 2004 the Borrower receives the waiver from the Borrower's shareholders of any requirement to make any mandatory distributions of cash dividends or other payments. If such waiver is obtained, this Agreement shall, after the Maturity Date, be renewed for successive twelve-month periods, each beginning on the 31st day of August (commencing August 31, 2006) of each year and ending on August 30 of the following year (each such twelve-month period is hereinafter referred to as a "RENEWAL TERM"); provided, however, that either party may terminate this Agreement as of the end of the initial term or any subsequent renewal term by giving the other party notice to terminate in writing at least ninety (90) days prior to the end of any such period whereupon at the end of such period all Liabilities shall be due and payable in full without presentation, demand, or further notice of any kind, whether or not all or any part of the Liabilities is otherwise due and payable pursuant to the agreement or instrument evidencing same.
