Common use of Termination; Repayment Clause in Contracts

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. Notwithstanding the foregoing, Borrower shall have the right to terminate the Revolving Line upon three (3) Business Days’ written notice to Bank so long as all Obligations have been paid in full and Borrower has complied with Section 2.1.2(b) with regard to all Letters of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Millennial Media Inc.)

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Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. Notwithstanding Provided that all Obligations hereunder have been repaid, the foregoing, Borrower shall have the right to may terminate the Revolving Line this Agreement without penalty or premium at any time upon three not less than five (35) Business Days’ Days prior written notice to Bank so long as all Obligations have been paid in full and Borrower has complied with Section 2.1.2(b) with regard to all Letters of CreditBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Axs One Inc)

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. Notwithstanding the foregoingSubject to Section 12.11, Borrower shall have the right to terminate the Revolving Line upon three (3) Business Days’ at any time by delivering written notice to Bank so long as all Obligations have been paid at least 15 days prior to the effective date of termination specified in full and Borrower has complied with Section 2.1.2(b) with regard to all Letters of Credit.such notice (the

Appears in 1 contract

Samples: Loan and Security Agreement (Adept Technology Inc)

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the accrued and unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. Notwithstanding the foregoing, Borrower shall have the right to terminate the Revolving Line upon three (3) Business Days’ written notice to Bank so long as all Obligations have been paid in full (and Borrower has complied with Section 2.1.2(b) with 4.1with regard to all Letters Obligations in respect of CreditBank Services).

Appears in 1 contract

Samples: Loan and Security Agreement (Millennial Media Inc.)

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. Notwithstanding the foregoing, Borrower shall have the right to terminate the Revolving Line at any time upon three (3) Business Days’ prior written notice to Bank so long as Bank, upon which all Obligations have been paid in full relating to the Revolving Line shall be due and Borrower has complied with Section 2.1.2(b) with regard to all Letters of Creditpayable.

Appears in 1 contract

Samples: Loan and Security Agreement (Sumo Logic, Inc.)

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Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the the. principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. Notwithstanding the foregoing, Borrower shall have the right to may terminate the Revolving Line this Agreement at any time upon three thirty (330) Business Days’ days advance written notice to Bank so long as notice; provided that Borrower repays all Obligations have been paid in full and Borrower has complied with Section 2.1.2(b) with regard to all outstanding Letters of CreditCredit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) are secured by cash on terms acceptable to Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Aprimo, INC)

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all outstanding Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line (other than inchoate indemnity obligations, any other obligations which, by their terms, are to survive the termination of this Agreement and for which no claim has been made, and any Obligations under Bank Services Agreements that are cash collateralized in accordance with Section 4.1 of this Agreement) shall be immediately due and payable. Notwithstanding the foregoing, Borrower shall have the right to terminate the Revolving Line upon three (3) Business Days’ written notice to Bank so long as all Obligations have been paid in full and Borrower has complied with Section 2.1.2(b) with regard to all Letters of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Intersections Inc)

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