Termination by Agent. Agent may (and upon the direction of the Required Lenders, shall) terminate the Commitments upon at least 120 days prior written notice to Borrower
Appears in 1 contract
Termination by Agent. Agent may (and upon the direction -------------------- of the Required Lenders, shall) terminate the Commitments upon at least 120 90 days prior written notice to Borrowerany Borrower as of the last day of the Original Term or any Renewal Term and without notice upon or after the occurrence of an Event of Default. The Commitments shall automatically terminate as provided in Section 11.2 hereof.
Appears in 1 contract
Sources: Loan and Security Agreement (Gulf States Steel Inc /Al/)
Termination by Agent. Agent may (and upon the direction of the Required Lenders, shall) terminate the Commitments upon at least 120 90 days prior written notice to Borrowerany Borrower as of the last day of the Original Term and without notice upon or after the occurrence of an Event of Default; provided, however, that the Commitments shall automatically terminate as provided in Section 11.2 hereof.
Appears in 1 contract
Sources: Loan and Security Agreement (Integrated Electrical Services Inc)
Termination by Agent. The Commitments shall automatically terminate as of the last day of the Original Term, unless extended in writing by Agent and all Lenders. In addition, Agent may (and upon the direction of the Required Lenders, shall) terminate the Commitments without notice upon at least 120 days prior written notice to Borroweror after the occurrence and during the continuation of an Event of Default; provided, however, that the Commitments shall automatically terminate as provided in Section 11.2 hereof.
Appears in 1 contract
Sources: Loan and Security Agreement (Integrated Electrical Services Inc)
Termination by Agent. Agent may (and upon the direction of the Required Lenders, shall) terminate the Commitments upon at least 120 90 days prior written notice to BorrowerBorrower as of the last day of the Original Term or any Renewal Term and without notice upon or after the occurrence of an Event of Default; PROVIDED, HOWEVER, that the Commitments shall automatically terminate as provided in Section 11.2 hereof.
Appears in 1 contract
Sources: Loan and Security Agreement (Metromedia International Group Inc)