Common use of Rights to Terminate Clause in Contracts

Rights to Terminate. Ideal may terminate this Agreement at any time prior to the Termination Date if: 29.2.1 it gives the Agent sixty (60) days prior written notice of termination; 29.2.2 it has paid and performed in full all its obligations hereunder on or prior to the effective date of termination; and 29.2.3 it pays the Agent, on or prior to the effective date of termination, and in addition to any other prepayment premium required hereunder and any amounts required by clauses 19.1 and 19.2: (a) 2% of the aggregate on such date of (i) the Maximum Revolving Credit Line, if such termination is made on or prior to the first Anniversary Date; (b) 1% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is after the first Anniversary Date but on or prior to the second Anniversary Date; and (c) 0.5% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is at any time after the second Anniversary Date.

Rights to Terminate. Ideal may terminate this Agreement at any time prior to the Termination Date if: 29.2.1 it gives the Agent sixty (60) days prior written notice of termination; 29.2.2 it has paid and performed in full all its obligations hereunder on or prior to the effective date of termination; and 29.2.3 it pays the Agent, on or prior to the effective date of termination, and in addition to any other prepayment premium required hereunder and any amounts required by clauses 19.1 and 19.2: (a) 20.75% of the aggregate on such date of (i) the Maximum Revolving Credit Line, if such termination is made on or prior to the first Anniversary Date; (b) 10.5% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is after the first Anniversary Date but on or prior to the second Anniversary Date; and (c) 0.50.25% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is at any time 126 after the second Anniversary Date but on or prior to the date falling two months before the third Anniversary Date. PROVIDED THAT no fee shall be payable under this Clause 29.2.3 if this Agreement is terminated by the Revolving Facility being refinanced through a securitisation arranged by Bank of America, National Association.

Rights to Terminate. Ideal may terminate this Agreement at any time prior to the Termination Date if: 29.2.1 it gives the Agent sixty (60) days prior written notice of termination; 29.2.2 it has paid and performed in full all its obligations hereunder on or prior to the effective date of termination; andand 108 29.2.3 it pays the Agent, on or prior to the effective date of termination, and in addition to any other prepayment premium required hereunder and any amounts required by clauses 19.1 and 19.2: (a) 2% of the aggregate on such date of (i) the Maximum Revolving Credit Line, if such termination is made on or prior to the first Anniversary Date; (b) 1% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is after the first Anniversary Date but on or prior to the second Anniversary Date; and (c) 0.5% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is at any time after the second Anniversary Date.

Rights to Terminate. Ideal may terminate this Agreement at any time prior to the Termination Date if: 29.2.1 it gives the Agent sixty (60) days prior written notice of termination; 29.2.2 it has paid and performed in full all its obligations hereunder on or prior to the effective date of termination; and 29.2.3 it pays the Agent, on or prior to the effective date of termination, and in addition to any other prepayment premium required hereunder and any amounts required by clauses 19.1 and 19.2: (a) 2% of the aggregate on such date of (i) the Maximum Revolving Credit Line, if such termination is made on or prior to the first Anniversary Date; (b) 1% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is after the first Anniversary Date but on or prior to the second Anniversary Date; and (c) 0.5% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is at any time after the second Anniversary Date but on or before the third Anniversary Date.