Termination by Borrower. Upon at least sixty (60) days prior written notice to Lender, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 3 contracts
Sources: Loan and Security Agreement (Bayard Drilling Technologies Inc), Loan and Security Agreement (Meade Instruments Corp), Loan and Security Agreement (Bayard Drilling Technologies Inc)
Termination by Borrower. Upon at least sixty ninety (6090) days prior written notice to LenderAgent, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to LenderAgent's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender Required Lenders otherwise agrees agree in writing, and Lender Lenders shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 3 contracts
Sources: Loan and Security Agreement (Nations Flooring Inc), Loan and Security Agreement (Executone Information Systems Inc), Loan and Security Agreement (Nations Flooring Inc)
Termination by Borrower. Upon at least sixty ninety (6090) days prior written notice to Lender, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's ’s satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 2 contracts
Sources: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)
Termination by Borrower. Upon at least sixty (60) 10 days prior written notice to LenderAgent, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has have paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to LenderAgent's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender Required Lenders otherwise agrees agree in writing, and Lender Lenders shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Sources: Loan and Security Agreement (Houston Wire & Cable CO)
Termination by Borrower. Upon at least sixty ten (6010) days prior written notice to LenderAgent (which shall state a termination date), Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to LenderAgent's reasonable satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender all Lenders otherwise agrees agree in writing, and Lender neither Agent nor Lenders shall have no any obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Sources: Loan and Security Agreement (Gentiva Health Services Inc)
Termination by Borrower. Upon at least sixty (60) 90 days prior written notice to Lender, Borrower Borrowers may, at its their option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has Borrowers have paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's satisfaction. Any notice of termination given by Borrower Borrowers shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower Borrowers may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan or credit facility available hereunder may be terminated singly.
Appears in 1 contract
Termination by Borrower. Upon at least sixty (60) 30 days prior written notice to LenderAgent, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has have paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to LenderAgent's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender Required Lenders otherwise agrees agree in writing, and Lender Lenders shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section Section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Sources: Loan and Security Agreement (Northwestern Steel & Wire Co)
Termination by Borrower. Upon at least sixty (60) 90 days prior written notice to LenderAgent, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to LenderAgent's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender Required Lenders otherwise agrees agree in writing, and Lender Lenders shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Sources: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)
Termination by Borrower. Upon at least sixty (60) 90 days prior written notice to Lender, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Termination by Borrower. Upon at least sixty (60) 10 days prior written notice to LenderAgent, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has have paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's Agent’s satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender Required Lenders otherwise agrees agree in writing, and Lender Lenders shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Sources: Loan and Security Agreement (Houston Wire & Cable CO)
Termination by Borrower. Upon at least sixty (60) days prior written notice to Lender, Borrower may, at its option, terminate this Agreement; providedPROVIDED, howeverHOWEVER, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Sources: Loan and Security Agreement (Advanced Technical Products Inc)
Termination by Borrower. Upon at least sixty (60) 30 days prior written notice to Lender, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such termination notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Sources: Loan and Security Agreement (Financial Performance Corp)
Termination by Borrower. Upon at least sixty (60) 30 days prior written ----------------------- notice to Lender, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower -------- ------- has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Revolving Credit Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract
Termination by Borrower. Upon at least sixty ninety (6090) days prior written notice to Lender, Borrower may, at its option, terminate this Agreement; provided, however, no such termination shall be effective until Borrower has paid all of the Obligations in immediately available funds and all Letters of Credit and LC Guaranties have expired or have been cash collateralized to Lender's satisfaction. Any notice of termination given by Borrower shall be irrevocable unless Lender otherwise agrees in writing, and Lender shall have no obligation to make any Loans or issue or procure any Letters of Credit or LC Guaranties on or after the termination date stated in such notice. Borrower may elect to terminate this Agreement in its entirety only. No section of this Agreement or type of Loan available hereunder may be terminated singly.
Appears in 1 contract