Voluntary Prepayments and Commitment Terminations. Borrower may, upon five (5) Business Days’ prior written notice to Agent, (i) voluntarily prepay the Term Loan in full, but not in part, or (ii) terminate (but not reduce in part) the Revolving Loan Commitments. Upon any such termination of the Revolving Loan Commitments, Borrower’s right to request Revolving Loans shall automatically be terminated.
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Samples: Loan and Security Agreement (Cas Medical Systems Inc), Loan and Security Agreement (Siga Technologies Inc)
Voluntary Prepayments and Commitment Terminations. Borrower may, upon five (5) Business Days’ ' prior written notice to AgentAgent and Lenders, (i) voluntarily prepay the Term Loan in full, but not in part, or (ii) terminate (but not reduce in part) the Revolving Loan Commitments. Upon any such termination of the Revolving Loan Commitments, Borrower’s 's right to request Revolving Loans shall automatically be terminated.
Appears in 1 contract
Samples: Loan and Security Agreement (Cas Medical Systems Inc)
Voluntary Prepayments and Commitment Terminations. Borrower may, without premium or penalty, upon five (5) Business Days’ prior written notice to Agent, (i) voluntarily prepay the Term Loan in full, but not in part, or (ii) terminate (but not reduce in part) the Revolving Loan Commitments. Upon any such termination of the Revolving Loan Commitments, Borrower’s right to request Revolving Loans shall automatically be terminated.
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