Common use of Termination Prior to Revolving Line Maturity Date Clause in Contracts

Termination Prior to Revolving Line Maturity Date. The Revolving Line may be terminated prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. If such termination is at Borrowers’ election or at Bank’s election due to the occurrence and continuance of an Event of Default at any time prior to the date that is six months from the Effective Date, Borrowers shall pay to Bank, in addition to the payment of any other expenses or fees then-owing, a termination fee in an amount equal to one-half of one percent (0.5%) of the maximum amount of the Revolving Line (the “Early Termination Fee”), provided that no termination fee shall be charged if the credit facility hereunder is replaced with a new facility from another division of Bank.

Termination Prior to Revolving Line Maturity Date. The Revolving Line may be terminated prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. If such termination is at Borrowers’ election or at Bank’s election due to the occurrence and continuance of an Event of Default Default, in each case at any time prior to the date that is six months from after the Seventh Amendment Effective Date, Borrowers shall pay to Bank, in addition to the payment of any other expenses or fees then-owing, a termination fee in an amount equal to one-half $30,000 (i.e. 0.50% of one percent (0.5%$6,000,000) of the maximum amount of the Revolving Line (the “Early Termination Fee”), ; provided that no termination fee Early Termination Fee shall be charged if the credit facility hereunder is replaced with a new facility from another division of Bank.”

Termination Prior to Revolving Line Maturity Date. The Revolving Line This Agreement may be terminated prior to the Revolving Line Maturity Date by BorrowerBorrowers, effective three (3) Business Days after written notice of termination is given to Bank. Notwithstanding any such termination and subject to Sections 4.1 and 12.10, Bank’s lien and security interest in the Collateral shall continue until Borrowers fully satisfy their Obligations. If such termination is at Borrowers’ election or at Bank’s election due to the occurrence and continuance of an Event of Default at any time prior to the date that is six months from the Effective DateDefault, Borrowers shall pay to Bank, in addition to the payment of any other expenses or fees then-owing, a termination fee in an amount equal to one-half of one percent (0.51.00%) of the maximum amount of the Revolving Line (the “Early Termination Fee”)Line, provided that no termination fee shall be charged if the credit facility hereunder is replaced with a new facility from another division of Bank.

Termination Prior to Revolving Line Maturity Date. The Revolving Line may be terminated prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. If such termination is at Borrowers’ election or at Bank’s election due to the occurrence and continuance of an Event of Default at any time prior to the date that is six months from the Effective DateDefault, Borrowers shall pay to Bank, in addition to the payment of any other expenses or fees then-owing, a termination fee in an amount equal to one-half Fifty Thousand Dollars ($50,000) (i.e. 0.50% of one percent (0.5%$10,000,000) of the maximum amount of the Revolving Line (the “Early Termination Fee”), ; provided that no termination fee Early Termination Fee shall be charged if the credit facility hereunder is replaced with a new facility from another division of Bank.”

Termination Prior to Revolving Line Maturity Date. The Revolving Line may be terminated prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. If such termination is at Borrowers’ election or at Bank’s election due to the occurrence and continuance of an Event of Default Default, in each case at any time prior to the date that is six (6) months from after the Tenth Amendment Effective Date, Borrowers shall pay to Bank, in addition to the payment of any other expenses or fees then-owing, a termination fee in an amount equal to one-half of one percent (0.5%) of the maximum amount of the Revolving Line $15,000 (the “Early Termination Fee”), ; provided that no termination fee Early Termination Fee shall be charged if the credit facility hereunder is replaced with a new facility from another division of Bank.”