Termination by the Borrower Clause Samples
The 'Termination by the Borrower' clause grants the borrower the right to end the agreement before its scheduled completion. Typically, this clause outlines the conditions under which the borrower can exercise this right, such as providing advance written notice or paying any applicable fees or penalties. Its core practical function is to provide flexibility for the borrower, allowing them to exit the agreement if their circumstances change, while also protecting the lender by setting clear procedures and potential costs for early termination.
Termination by the Borrower. The Borrower may at any time terminate any Loan by (unless otherwise agreed) giving the Trustee oral notice of such termination and delivering the Loaned Securities or Equivalent Securities with respect to such Loan to the Trustee on the date specified in such oral notice. The date so specified shall be as agreed by the Borrower and the Trustee. In the event that the Borrower terminates any term loan prior to the expiration of the agreed term, the Borrower may be liable for any costs or expenses incurred as a result thereof.
Termination by the Borrower. The Borrower may terminate this Agreement in its entirety by giving at least ten (10) days prior notice of its intention so to do and by payment in full of all obligations hereunder outstanding on the date specified for termination.
Termination by the Borrower. At any time, the Borrower may terminate this Agreement upon (i) the delivery to the Agent of an irrevocable notice of its intention to terminate this Agreement and (ii) payment in full of all the Obligations.
Termination by the Borrower. 8.1 At any time you can request us, including via our website, to terminate this contract, which we will do as soon as we can provided that you must first repay to us the amount of any outstanding balance of the credit card account and cancel any direct debit authorisations linked to it.
8.2 Upon termination of the contract all cards linked to the credit card account will be cancelled.
8.3 You may terminate any additional credit card linked to the credit card account at any time by making a request to us.
8.4 If there is a credit balance in the credit card account when it is closed we will pay it to you by crediting the amount to any other account you have with us; or by sending you a cheque; or as you direct us in writing.
Termination by the Borrower. The Borrower may at anytime terminate the Loan Facility, by giving three (3) month prior notice to the Lender and by subsequently repaying all amounts owed under the Credit Facility and not previously paid or repaid hereunder, including, but not limited to the Unused Line Fee according to Section 2.5., to the Lender according to Section 3.4. above. During the termination period, Lender shall maintain its rights under Section 7.3.
Termination by the Borrower. Upon delivery to CIT of a Notice of Termination, the Borrower may, at its option, terminate this Agreement as of the last day of the Original Term or the then current Renewal Term, as applicable and as stated in such Notice of Termination; provided however that the Borrower shall, on the termination date specified in its Notice of Termination satisfy in full all of its obligations under Section 5.03 hereof and under any other Related Document. Any Notice of Termination given by the Borrower shall be irrevocable unless CIT otherwise agrees in writing.
Termination by the Borrower. Except with approval, the Borrower shall not terminate or rescind any Charter Document or withdraw the Ship from service under the Charter or take any similar action.
Termination by the Borrower. The Borrower may terminate this Agreement at any time upon 30 days' prior written notice to the Lender so long as no Letter of Credit has been issued and is outstanding with an expiration date after such date, and, subject to payment and performance of all Obligations, may obtain any release or termination of the Security Interest to which the Borrower is otherwise entitled by.
Termination by the Borrower. 18.1 At any time you can request us, including via our website, to terminate this contract, which we will do as soon as we can provided that you must first repay to us the amount of any outstanding balance of the credit card account and cancel any direct debit authorisations linked to it.
18.2 Upon termination of the contract all cards linked to the credit card account will be cancelled.
18.3 You may terminate any additional credit card linked to the credit card account at any time by making a request to us. UB-RB&BCUB – CC-T&C1218
18.4 If there is a credit balance in the credit card account when it is closed we will pay it to you by crediting the amount to any other account you have with us; or by sending you a cheque; or as you direct us in writing.
Termination by the Borrower. The Borrower shall have the right, at any time and from time to time, upon at least three (3) Business Days prior notice to the Lender by the Advisor on behalf of the Borrower, to terminate without premium or penalty and in whole or in part, the Commitment or any portion thereof, provided that the Commitment may not be reduced to an amount less than the aggregate principal amount of the Loans then outstanding. Any termination of the Commitment pursuant to this Section may not be reinstated.