Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, the Borrower may prepay the Advances in whole at any time or from time to time in part. The Borrower may terminate the Credit Facility or reduce the Maximum Line at any time if it (i) gives the Lender at least 30 days' prior written notice and (ii) pays the Lender termination or Maximum Line reduction fees in accordance with Section 2.9(e). Any reduction in the Maximum Line must be in an amount of not less than $500,000.00 or an integral multiple thereof. If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable. Subject to termination of the Credit Facility and payment and performance of all Obligations, the Lender shall, at the Borrower's expense, release or terminate the Security Interest and the Security Documents to which the Borrower is entitled by law.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, each Borrower may prepay the Revolving Advances made to it in whole at any time or from time to time in part. Diamond may prepay the Term Loan A Advances (other than in accordance with Section 2.4) or prepay the Term Loan B Advances (other than in accordance with Section 2.6), or Heska may terminate the Credit Facility or reduce the Maximum Line at any time if it (i) gives the Lender at least 30 days' prior written notice and (ii) pays the Lender the prepayment, termination or line reduction fees in accordance with Section 2.13. Any prepayment of the Term Loan A Advances (other than in accordance with Section 2.4), any prepayment of the Term Loan B Advances (other than in accordance with Section 2.6), or reduction in the Maximum Line must be in an amount not less than $250,000 or an integral multiple thereof. If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable. Any partial prepayments of the Term Loan A Note (other than in accordance with Section 2.4), and any partial prepayments of the Term Loan B Note (other than in accordance with Section 2.6), shall be applied to principal payments due and owing in inverse order of their maturities. Upon termination of the Credit Facility and payment and performance of all Obligations, the Lender shall release or terminate the Security Interest and the Security Documents to which the Borrowers are entitled by law.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, the Borrower may prepay the Advances in whole at any time or from time to time in part. The Borrower may terminate the Credit Facility or reduce the Maximum Line at any time if it (i) gives the Lender at least 30 days’ prior written notice and (ii) pays the Lender termination, prepayment and Maximum Line reduction fees in accordance with Sections 2.13(e) and (f). Any reduction in the Maximum Line must be in an amount of not less than $1,000,000.00 or an integral multiple thereof. If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable. Subject to termination of the Credit Facility and payment and performance of all Obligations, the Lender shall, at the Borrower’s expense, release or terminate the Security Interest and the Security Documents to which the Borrower is entitled by law.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, the Borrower may prepay the Advances in whole at any time or in part from time to time. The Borrower may terminate the Credit Facility in whole (but not in part) at any time and, subject to payment and performance of all the Borrower's obligations to the Lender, may obtain any release or termination of the Security Interest to which the Borrower is otherwise entitled by law by (i) giving at least 30 days' prior written notice to the Lender of the Borrower's intention to terminate this Agreement; and (ii) paying the Lender a prepayment fee equal to the product of the Prepayment Penalty and the Maximum Line if the Borrower terminates this Agreement effective as of any date other than the Maturity Date, unless the Credit Facility is refinanced with the proceeds of a loan from an Affiliate of the Lender or is refinanced within 90 days of a request by any Related Lender for compensation under Section 2.5. The Borrower may decrease the Maximum Line at any time by (i) giving at least 30 days' prior written notice to the Lender of the Borrower's intention to decrease the Maximum Line, which notice shall set forth the exact amount of the reduction; (ii) prepaying all Advances in excess of the decreased amount of the Maximum Line (taking into effect such reduction); and (iii) paying the Lender a prepayment fee equal to the product of the Prepayment Penalty and the amount by which the Maximum Line is decreased. Any reduction in the Maximum Line must be in an amount not less than $100,000 or an integral multiple thereof. If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable. Borrower acknowledges and agrees that Lender shall not release any Security Interest in the Collateral unless and until Borrower has paid and performed all of Borrower's obligations to Lender and this Agreement has been terminated.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, the Borrower may prepay the Advances in whole at any time or from time to time in part. The Borrower may terminate the Credit Facility or reduce the Maximum Line at any time if it (i) gives the Lender at least 30 days prior written notice and (ii) pays the Lender termination, prepayment and Maximum Line reduction fees in accordance with Section 2.10(e) and Section 2.10(f). Any reduction in the Maximum Line shall be in multiples of $100,000.00, and with a minimum reduction of at least $500,000.00. If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable, and if Borrower gives Lender less than the required 30 days notice, Borrower shall be liable for payment of additional interest for each day that the notice was short of the required 30 day notice, which interest shall be the greater of the Minimum Interest Charge or Unused Line Fee calculated based on Borrower’s average borrowings under the Credit Facility for the six months prior to the date that Borrower gives notice of its intent to terminate the Credit Facility or reduce the Maximum Line. Subject to termination of the Credit Facility and payment and performance of all Obligations, the Lender shall, at Borrower’s expense and within the time periods required under applicable law, release or terminate any filings or other agreements that perfect the Security Interest.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, the Borrower may prepay the Advances in whole at any time or from time to time in part. The Borrower may prepay the Term Advance (other than in accordance with Section 2.7), terminate the Credit Facility or reduce the Maximum Line at any time if it (i) gives the Lender at least 30 days' prior written notice and (ii) pays the Lender the prepayment, termination or line reduction fee in accordance with Section 2.13. Any prepayment of any Term Advance (other than in accordance with Section 2.7) or reduction in a Maximum Line must be in an amount equal to $100,000 or an integral multiple thereof. If the Borrower reduces the Maximum Line to zero, all Obligations of the Borrower shall be immediately due and payable. Upon termination of the Credit Facility and payment and performance of all Obligations, the Lender shall release or terminate the Security Interest and the Security Documents to which the Borrower is entitled by law. Termination, Line Reduction and Prepayment Fees; Waiver of Termination, Prepayment and Line Reduction Fees. Termination and Line Reduction Fees. Except as set forth in subsection 2.13(c), if the Credit Facility is terminated for any reason (including without limitation, upon termination or acceleration by the Lender) as of a date other than the Maturity Date, or the Borrower reduces the Maximum Line, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Maximum Line (or the amount of any such reduction, as the case may be) as follows: (i) three percent (3.0%) if the termination or reduction occurs on or before February 1, 2003, (ii) two percent (2.0%) if the termination or reduction occurs after February 1, 2003 but on or before February 1, 2004, and (iii) one percent (1.0%) if the termination or reduction occurs after February 1, 2004 but on or before the Maturity Date.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. The Borrower may prepay the Advances in whole at any time or from time to time in part without penalty. The Borrower may terminate the Credit Facility or reduce the Maximum Line at any time. If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable. Upon termination of the Credit Facility and payment and performance of all Obligations, the Lender shall release or terminate the Security Interest and the Security Documents to which the Borrower is entitled by law.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. The Borrower may prepay the Revolving Advances in whole at any time or from time to time in part without penalty. The Borrower may prepay the Term Advances in whole at any time or from time to time in part without penalty; provided, however, that if the Borrower prepays all or any portion of the Term Advances which bear interest at a Fixed Rate, then the Borrower shall pay, contemporaneously with such prepayment, a prepayment fee in an amount equal to (i) three percent (3.0%) of the amount prepaid, if the prepayment occurs on or before Axxxx 00, 0000, (xx) two percent (2.0%) of the amount prepaid, if the prepayment occurs after April 15, 2005 but on or before Axxxx 00, 0000, (xxx) one percent (1.0%) of the amount prepaid, if the prepayment occurs after April 15, 2006 but on or before April 15, 2007. The Borrower may terminate the Credit Facility or reduce the Maximum Line at any time. If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable. Upon termination of the Credit Facility and payment and performance of all Obligations, the Lender shall release or terminate the Security Interest and the Security Documents to which the Borrower is entitled by law.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, the Borrower may prepay the Revolving Advances in whole at any time or from time to time in part. The Borrower may prepay the Term Advance (other than in accordance with Section 2.5), terminate the Credit Facility or reduce the Maximum Line at any time if it (i) gives the Lender at least 30 days' prior written notice and (ii) pays the Lender the prepayment, termination or line reduction fees in accordance with Section 2.11. Any prepayment of the Term Advance (other than in accordance with Section 2.5) or reduction in the Maximum Line must be in an amount not less than $100,000 or an integral multiple thereof. If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable. Any partial prepayments of the Term Note (other than in accordance with Section 2.5) shall be applied to principal payments due and owing in inverse order of their maturities. Upon termination of the Credit Facility and payment and performance of all Obligations, the Lender shall release or terminate the Security Interest and the Security Documents.
Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, the Borrower may prepay the Revolving Advances in whole at any time or from time to time in part. The Borrower may prepay the Term Advance (other than regularly scheduled payments made in accordance with Section 2.2), terminate the Credit Facility or reduce the Maximum Line at any time if it (i) gives the Lender at least 30 days' prior written notice and (ii) pays the Lender the prepayment, termination or line reduction fees in accordance with Section 2.8. Any prepayment of the Term Advance (other than regularly scheduled payments made in accordance with Section 2.2) or reduction in the Maximum Line must be in an amount not less than $50,000 or an integral multiple thereof. Any partial prepayments of the Term Note (other than regularly scheduled payments made in accordance with Section 2.2) shall be applied to principal payments due and owing in inverse order of their maturities. Upon termination of the Credit Facility and payment and performance of all Obligations, the Lender shall release or terminate the Security Interest and the Security Documents to which the Borrower is entitled by law.
