Common use of Prepayment in Full Clause in Contracts

Prepayment in Full. The Borrowers may, upon at least three (3) days prior written notice to the Administrative Agent, terminate this Agreement by paying to the Administrative Agent, in cash, the Obligations (including any amounts payable pursuant to Section 2.05(a)(iv) and 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 Letters of Credit or (B) causing the original Letters of Credit 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 any amounts payable pursuant to Section 2.05(a)(iv)) and 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 Letters of Credit or (B) causing the original Letters of Credit 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 1 contract

Sources: Financing Agreement (Milacron Inc)

Prepayment in Full. The Borrowers may, upon at least three (3) days 3 Business Days prior written notice to the Administrative Agent, terminate this Agreement by paying to the Administrative Agent, in cash, the Obligations (including any amounts payable pursuant to Section 2.05(a)(iv) and including either (A) providing cash collateral to be held by the Administrative Agent for the benefit of the L/C Issuer and the other Revolving Loan Lenders in an amount equal to 105110% of the aggregate undrawn amount of all outstanding Letters of Credit or (B) causing the original Letters of Credit to be returned to the Administrative AgentL/C Issuer), in full, together with the Success Fee, if any. 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 on the date set forth as the date of termination of this Agreement in such notice and the Borrowers shall be obligated to repay the Obligations (including any amounts payable pursuant to Section 2.05(a)(iv)) and including either (A) providing cash collateral to be held by the Administrative Agent for the benefit of the L/C Issuer and the other Revolving Loan Lenders in an amount equal to 105110% of the aggregate undrawn amount of all outstanding Letters of Credit or (B) causing the original Letters of Credit to be returned to the Administrative AgentL/C Issuer), in full (other than contingent indemnifications and contingent obligations) (includingfull, without limitationtogether with the Success Fee, 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 hereofif any, on the date set forth as the date of termination of this Agreement in such notice.

Appears in 1 contract

Sources: Financing Agreement (Aaipharma Inc)

Prepayment in Full. The Borrowers may, upon at least three (3) days 3 Business Days prior written notice to the Administrative Agent, terminate this Agreement by paying to the Administrative Agent, in cash, the Obligations (including any amounts payable pursuant to Section 2.05(a)(iv) and including either (A) providing cash collateral to be held by the Administrative Agent for the benefit of the L/C Issuer and the other Revolving Loan Lenders in an amount equal to 105110% of the aggregate undrawn amount of all outstanding Letters of Credit or (B) causing the original Letters of Credit to be returned to the Administrative AgentL/C Issuer), in full, together with the Applicable Prepayment Premium, if any. 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 on the date set forth as the date of termination of this Agreement in such notice and the Borrowers shall be obligated to repay the Obligations (including any amounts payable pursuant to Section 2.05(a)(iv)) and including either (A) providing cash collateral to be held by the Administrative Agent for the benefit of the L/C Issuer and the other Revolving Loan Lenders in an amount equal to 105110% of the aggregate undrawn amount of all outstanding Letters of Credit or (B) causing the original Letters of Credit to be returned to the Administrative AgentL/C Issuer), in full (other than contingent indemnifications and contingent obligations) (includingfull, without limitationtogether with the Applicable Prepayment Premium, 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 hereofif any, on the date set forth as the date of termination of this Agreement in such notice.

Appears in 1 contract

Sources: Financing Agreement (Aaipharma Inc)