Common use of Termination or Reductions of Facilities Clause in Contracts

Termination or Reductions of Facilities. (a) The Borrower may terminate this Agreement, upon at least three (3) Business Days’ notice to the Agent (who will distribute such notice to the Lenders), upon Full Payment of the Obligations and payment of amounts (if any) due under Section 5.4. Such notice may provide that such termination is contingent upon consummation of a contemplated refinancing or another transaction.

Appears in 15 contracts

Samples: Credit Agreement (ProPetro Holding Corp.), Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.)

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Termination or Reductions of Facilities. (a) The Borrower Borrowers may terminate this Agreement, upon at least three (3) Business Days’ notice to the Agent (who will distribute such notice to the Lenders), upon Full Payment of the Obligations and payment of amounts (if any) due under Section 5.4. Such notice may provide that such termination is contingent upon consummation of a contemplated refinancing or another transactionrefinancing.

Appears in 3 contracts

Samples: Credit Agreement (United Rentals Inc /De), Assignment and Acceptance (United Rentals Inc /De), Credit Agreement (United Rentals North America Inc)

Termination or Reductions of Facilities. (a) The Borrower Borrowers’ Agent (on behalf of the Borrowers) may terminate this Agreement, upon at least three (3) one Business Days’ notice to the Agent (who will promptly distribute such notice to the Lenders), upon Full Payment of the Obligations and payment of amounts (if any) due under Section 5.4. Such notice may provide that such termination is contingent upon consummation of a contemplated refinancing or another transaction.

Appears in 2 contracts

Samples: Credit Agreement (Herc Holdings Inc), Credit Agreement (Herc Holdings Inc)

Termination or Reductions of Facilities. (a) The Borrower Borrowers’ Agent (on behalf of the Borrowers) may terminate this Agreement, upon at least three (3) one Business Days’ Day’s notice to the Agent (who will promptly distribute such notice to the Lenders), upon Full Payment of the Obligations and payment of amounts (if any) due under Section 5.4. Such notice may provide that such termination is contingent upon consummation of a contemplated refinancing or another transaction.

Appears in 2 contracts

Samples: Credit Agreement (Herc Holdings Inc), Lease Agreement (United Rentals North America Inc)

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Termination or Reductions of Facilities. (a) The Borrower Borrowers’ Agent (on behalf of the Borrowers) may terminate this Agreement, upon at least three one (31) Business Days’ Day’s notice to the Agent (who will promptly distribute such notice to the Lenders), upon Full Payment of the Obligations and payment of amounts (if any) due under Section 5.4. Such notice may provide that such termination is contingent upon consummation of a contemplated refinancing or another transaction.

Appears in 1 contract

Samples: Lease Agreement (United Rentals North America Inc)

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