Common use of Termination by Lender Clause in Contracts

Termination by Lender. Lender may terminate the DIP Facility (and any Commitment thereunder) at any time, without notice to Borrowers, after the occurrence and during the continuance of an Event of Default.

Appears in 2 contracts

Sources: Debtor in Possession Credit Agreement (Peregrine Systems Inc), Debt Agreement (BMC Software Inc)

Termination by Lender. Lender may terminate the DIP Facility (and any Commitment thereunder) at any time, without notice to BorrowersBorrower, upon or after the occurrence and during the continuance of an Event of Default.

Appears in 2 contracts

Sources: Loan and Security Agreement (Health Systems Solutions Inc), Loan and Security Agreement (Health Systems Solutions Inc)

Termination by Lender. Lender may terminate the DIP Facility (and any Commitment thereunder) at any time, without notice to BorrowersBorrower, upon or after the occurrence and during the continuance of an Event of Default.

Appears in 1 contract

Sources: Loan and Security Agreement (Elandia, Inc.)

Termination by Lender. Lender may terminate the DIP Facility (and any Commitment thereunder) at any time, without notice to Borrowers, after the occurrence and during the continuance existence of an Event of Default.

Appears in 1 contract

Sources: Loan and Security Agreement (Cmi Industries Inc)

Termination by Lender. Lender may terminate the DIP Facility (and any Commitment thereunder) at any time, without notice to Borrowers, after the occurrence and during the continuance of an Event of Default.

Appears in 1 contract

Sources: Revolving Credit Agreement (Datatec Systems Inc)