Early Termination of Commitment Clause Samples

Early Termination of Commitment. The Borrower may at any time terminate the Bank's (including any Offshore Credit Provider's) commitment to extend credit hereunder by giving no less than five Business Days' prior notice to the Bank and paying in full the entire amount of credit outstanding hereunder (including the L/C Outstanding Amount and Bank Guaranty Outstanding Amount), together with any sums due under Section 3.11. Payments to be applied to outstanding letters of credit and drafts accepted under letters of credit and Bank Guaranties may, at the Bank's option, be used to prepay, or held as cash collateral to secure, the Borrower's and Acceptable Subsidiaries' obligations to the Bank with respect thereto. All accrued commitment fees to, but not including the effective date of any termination of the commitment, shall be paid on the effective date of such termination.
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Early Termination of Commitment. 13 ARTICLE III Extensions of Credit, Payments and Interest Calculations . . . 14
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Early Termination of Commitment. The Borrower may at any time terminate the Bank's commitment to extend credit hereunder by giving no less than five Business Days' prior notice to the Bank and paying in full the entire amount of credit outstanding hereunder, together with any sums due under Section 3.11. All accrued commitment fees to, but not including the effective date of any termination of the commitment, shall be paid on the effective date of such termination. 7
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Early Termination of Commitment. The Borrower may at any time terminate or permanently reduce by increments of $1,000,000 the Bank's (including any Offshore Credit Provider's) commitment to extend credit hereunder by giving no less than five Business Days' prior notice to the Bank and paying in full the entire amount of credit outstanding hereunder (including the L/C Outstanding Amount) or, in the case of a reduction of the commitment, that amount which is in excess of the reduced commitment, together with any sums due under Section 3.
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Early Termination of Commitment. Subject to the terms and ------------------------------- conditions of this Agreement, Borrower will be entitled to reborrow all or any part of the principal of the Loans repaid or prepaid prior to the termination of the Lender's commitment. if the Lender's commitment to make Loans hereunder shall be terminated by Lender pursuant to Section 8.2 (a), the Lender shall be entitled to declare all of the obligations to be immediately due and payable pursuant to Section 8.2(b).
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Early Termination of Commitment. 14 (e) Borrower's Right to TerminateLender's Commitment. . . .14
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Related to Early Termination of Commitment

  • Termination of Commitment On the service of a notice under paragraph (a) of Clause 18.2, the Commitment and all other obligations of the Lender to the Borrower under this Agreement shall terminate.

  • Mandatory Termination of Commitments The Commitments shall terminate on the Termination Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

  • Prepayment; termination of Commitment On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

  • Scheduled Termination of Commitments Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts or the Borrowing Base is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

  • Termination of Commitments Declare the Commitments terminated whereupon the Commitments shall be immediately terminated.