Common use of Voluntary Termination of Loan Facilities Clause in Contracts

Voluntary Termination of Loan Facilities. Borrowers may, on at least fifteen (15) days prior and irrevocable written notice received by Lxxxxx, permanently terminate the Loan facilities by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans. If, on the date of a voluntary termination pursuant to this Section 1.8, there are any outstanding Letters of Credit, then on such date, and as a condition precedent to such termination, Borrowers shall provide to Lender cash collateral in an amount equal to 103% of the Letter of Credit Balance to secure all of the Obligations (including reasonable attorneys’ fees and other expenses) relating to said Letters of Credit, pursuant to a cash pledge agreement in form and substance reasonably satisfactory to Lender. From and after such date of termination, Lender shall have no obligation whatsoever to extend any additional Loans or Letters of Credit and all of its lending commitments hereunder shall be terminated.”

Voluntary Termination of Loan Facilities. Borrowers Borrower may, on at least fifteen thirty (1530) days prior and irrevocable written notice received by LxxxxxLender, permanently terminate the Loan facilities by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans. , and an Early Payment/Termination Premium in the amount specified in Schedule C. If, on the date of a voluntary termination pursuant to this Section 1.81.8(d), there are any outstanding Letters of Credit, then on such date, and as a condition precedent to such termination, Borrowers Borrower shall provide to Lender cash collateral in an amount equal to 103105% of the Letter of Credit Balance to secure all of the Obligations (including reasonable estimated attorneys’ fees and other expenses) relating to said Letters of Credit, pursuant to a cash pledge agreement in form and substance reasonably satisfactory to Lender. From and after such date of termination, Lender shall have no obligation whatsoever to extend any additional Loans or Letters of Credit and all of its lending commitments hereunder shall be terminated.”

Voluntary Termination of Loan Facilities. Borrowers may, on at least fifteen thirty (1530) days prior and irrevocable written notice received by LxxxxxLender, permanently terminate the Loan facilities by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans. , and an Early Payment/Termination Premium in the amount specified in Schedule C. If, on the date of a voluntary termination pursuant to this Section 1.81.8(a), there are any outstanding Letters of Credit, then on such date, and as a condition precedent to such termination, Borrowers shall provide to Lender cash collateral in an amount equal to 103105% of the Letter of Credit Balance to secure all of the Obligations (including reasonable estimated attorneys’ fees and other expenses) relating to said Letters of Credit, pursuant to a cash pledge agreement in form and substance reasonably satisfactory to Lender. From and after such date of termination, Lender shall have no obligation whatsoever to extend any additional Loans or Letters of Credit and all of its lending commitments hereunder shall be terminated.”

Voluntary Termination of Loan Facilities. Borrowers Borrower may, on at least fifteen (15) thirty days prior and irrevocable written notice received by LxxxxxLender, permanently terminate the Loan facilities 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 Section (f) of the Fee Letter. If, on the date of a voluntary termination pursuant to this Section 1.8, there are any outstanding Letters of Credit, then on such date, and as a condition precedent to such termination, Borrowers Borrower shall provide to Lender cash collateral in an amount equal to 103105% of the Letter of Credit Balance to secure all of the Obligations (including reasonable estimated attorneys’ ' fees and other expenses) relating to said Letters of Credit, pursuant to a cash pledge agreement in form and substance reasonably satisfactory to Lender. From and after such date of termination, Lender shall have no obligation whatsoever to extend any additional Loans or Letters of Credit and all of its lending commitments hereunder shall be terminatedCredit.”