Common use of WAIVER OF TERMINATION AND LINE REDUCTION FEES Clause in Contracts

WAIVER OF TERMINATION AND LINE REDUCTION FEES. The Borrower will not be required to pay the termination fees otherwise due under this Section 2.13 if such termination is made because of refinancing by an affiliate of the Lender.

Appears in 2 contracts

Samples: Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc)

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WAIVER OF TERMINATION AND LINE REDUCTION FEES. The Borrower Borrowers will not be required to pay the termination or line reduction fees otherwise due under this Section 2.13 2.19 if such termination or line reduction is made because of cash flow generated from the operations of the Borrowers or refinancing by an affiliate of the Lender. Nothing herein shall be construed as a waiver of the fee imposed under Section 2.14(h).

Appears in 1 contract

Samples: Credit and Security Agreement (Luminant Worldwide Corp)

WAIVER OF TERMINATION AND LINE REDUCTION FEES. The Borrower will not be required to pay the termination or line reduction fees otherwise due under this Section 2.13 2.12 if such termination or line reduction is made because of refinancing by the Lender or an affiliate of the Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Sportsmans Guide Inc)

WAIVER OF TERMINATION AND LINE REDUCTION FEES. The Borrower will not be required to pay the termination or line reduction fees otherwise due under this Section 2.13 2.11 if such termination or line reduction is made because of refinancing by an affiliate of the Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Educational Insights Inc)

WAIVER OF TERMINATION AND LINE REDUCTION FEES. The Borrower will not be required to pay the termination or line reduction fees otherwise due under this Section 2.13 2.12 if such termination or line reduction is made because of refinancing by an affiliate of the Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Rockshox Inc)

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WAIVER OF TERMINATION AND LINE REDUCTION FEES. The Borrower will not be required to pay the termination or line reduction fees otherwise due under this Section 2.13 2.11 if such termination or line reduction is made because of cash flow generated from the Borrower's operations or refinancing by an affiliate of the Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Lectec Corp /Mn/)

WAIVER OF TERMINATION AND LINE REDUCTION FEES. The Borrower will not be required to pay the termination or line reduction fees otherwise due under this Section 2.13 if such termination is made because of refinancing by an affiliate of the Lender.Section

Appears in 1 contract

Samples: Credit and Security Agreement (Naturade Inc)

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