Common use of Prepayment in Full Clause in Contracts

Prepayment in Full. The Borrowers may, upon at least five (5) days prior written notice to the Administrative Agent, terminate this Agreement by paying to the Administrative Agent, in cash, the Obligations (including either (A) providing cash collateral to be held by the Administrative Agent in an amount equal to 105% of the aggregate undrawn amount of all outstanding Letter of Credit Accommodations or (B) causing the original Letter of Credit Accommodations to be returned to the Administrative Agent), in full. If the Administrative Borrower has sent a notice of termination pursuant to this clause (iii), then the Lenders' obligations to extend credit hereunder shall terminate and the Borrowers shall be obligated to repay the Obligations (including either (A) providing cash collateral to be held by the Administrative Agent in an amount equal to 105% of the aggregate undrawn amount of all outstanding Letter of Credit Accommodations or (B) causing the original Letter of Credit Accommodations to be returned to the Administrative Agent), in full (other than contingent indemnifications and contingent obligations (including, without limitation, fees and expenses with respect to which the Borrowers have not received an invoice) for which no claim has been asserted hereunder which survive the termination hereof), on the date set forth as the date of termination of this Agreement in such notice.

Appears in 2 contracts

Sources: Financing Agreement (Milacron Inc), Financing Agreement (Milacron Inc)