Common use of Voluntary Termination of Loan Facilities Clause in Contracts

Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty (30) days’ prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction), permanently terminate the Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans, and an Early Termination Fee in the amount specified in the Agent Fee Letter. From and after such date of termination, Agent shall have no obligation whatsoever to extend any additional Loans, and all of its lending commitments hereunder shall be terminated.

Appears in 4 contracts

Samples: Loan and Security Agreement (Kaspien Holdings Inc.), Loan and Security Agreement (Kaspien Holdings Inc.), Loan and Security Agreement (Trans World Entertainment Corp)

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Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty (30) days’ days prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction)Agent, permanently terminate the Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans, and an Early Payment/Termination Fee Premium in the amount specified in the Agent Fee LetterSection 3.2(e). From and after such date of terminationTermination Date, Agent shall have no obligation whatsoever to extend any additional Loans, and all of its lending commitments Commitments hereunder shall be terminated.

Appears in 4 contracts

Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty (30) days’ days prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction)Agent, permanently terminate the Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans, and an Early Payment/Termination Fee Premium in the amount specified in the Agent Fee LetterSection 3.2(e). From and after such date of termination, Agent shall have no obligation whatsoever to extend any additional Loans, and all of its lending commitments hereunder shall be terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.), Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)

Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty (30) days’ days prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction)Agent, permanently terminate the Revolving Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including including, without limitation, all principal, interest and fees with respect to the Revolving Loans, and an Early Termination Fee in the amount specified in the Agent Fee Letter. From and after such date of termination, Agent and Lenders shall have no obligation whatsoever to extend any additional LoansRevolving Loans or make available any other extension of credit, and all of its lending commitments hereunder shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (NXT-Id, Inc.)

Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty fifteen (3015) days’ Business Days prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction)Agent, permanently terminate the Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans, and an Early Termination Fee in the amount specified in the Agent Fee LetterSection 3.2(e). From and after such date of termination, neither Agent nor any Lender shall have no any obligation whatsoever to extend any additional Loans, and all of its lending commitments hereunder shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (LIVE VENTURES Inc)

Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty five (305) days’ Business Days prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction)Agent, permanently terminate the Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans, and an Early Payment/Termination Fee Premium in the amount specified in the Agent Fee LetterSection 3.2(b). From and after such date of termination, Agent shall have no obligation whatsoever to extend any additional Loans, and all of its lending commitments hereunder shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Aytu Biopharma, Inc)

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Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty (30) days’ days prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction)Agent, permanently terminate the Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving LoansLoans and the Term Loan, and an Early Termination Fee in the amount specified in the Agent Fee LetterSection 3.2(e). From and after such date of termination, Agent shall have no obligation whatsoever to extend any additional Loans, and all of its lending commitments hereunder shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (LIVE VENTURES Inc)

Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty (30) days’ days prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction)Agent, permanently terminate the Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans, and an Early Termination Fee in the amount specified in the Agent Fee LetterSection 3.2(e). From and after such date of termination, neither Agent nor any Lender shall have no any obligation whatsoever to extend any additional Loans, and all of its lending commitments hereunder shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Ranger Energy Services, Inc.)

Voluntary Termination of Loan Facilities. Borrower Representative may, on at least thirty five (305) days’ Business Days prior written notice received by Agent (which notice may be conditioned upon the closing of another transaction)Agent, permanently terminate the Loan facilities and the Revolving Loan Commitments by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans, and an Early Payment/Termination Fee Premium in the amount specified in the Agent Fee LetterSection 3.2(b). From and after such date of termination, Agent shall have no obligation whatsoever to extend any additional Loans, and all of its lending commitments hereunder shall be terminated. 2.7.

Appears in 1 contract

Samples: Loan and Security Agreement (Neos Therapeutics, Inc.)

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