Additional Credit Extensions. Senior Creditor may make Credit Extensions to Borrower from time to time, pursuant to the Senior Creditor Documents or otherwise, and all such loans or other credit shall constitute part of the Senior Debt to the extent secured by all of the Collateral, and nothing herein shall restrict in any manner or in any way the right of Borrower to obtain additional Credit Extensions from Senior Creditor or the right of Senior Creditor to make available such additional Credit Extensions to Borrower as Senior Creditor in its sole discretion may elect.
Additional Credit Extensions. Junior Creditor acknowledges, understands and agrees that Senior Creditors may make Advances to Eltrax and the other Borrowers from time to time, pursuant to the Senior Creditor Documents or otherwise, and all such Advances shall constitute part of the Senior Creditor Obligations and shall be secured by all of the Collateral, and nothing herein shall restrict in any manner or in any way the right of any Borrower to obtain additional credit from Senior Creditors or the right of any Senior Creditors to make available such additional credit to any Borrower as Senior Creditors in their sole discretion may elect.
Additional Credit Extensions. The Junior Lenders agree that, without notice to or the consent of the Junior Lenders, the Agent, the Banks, the Term Loans B Agent and the Term Loans B Banks shall have the right, respectively, to extend credit to the Borrower in excess of the maximum amounts set forth in the Senior Credit Agreements as of the date of this Agreement; provided that (a) the Agent and the Banks may not, without the prior written consent of the Junior Lenders, increase the principal amount of the Senior Lender Claim referred to in clause (a) of the definition of such term to an amount that exceeds the sum of (i) the Senior Lender Credit Amount (with respect to the portion of the Senior Lender Claim described in clause (a) of the definition of such term) as of the date hereof (as the same may be reduced by the amount of any repayments and commitment reductions under the Senior Lender Credit Agreement to the extent that such payments and reductions may not be reborrowed) plus (ii) the applicable Permitted Senior Lender Credit Increase and (b) the Term Loans B Agent and the Term Loans B Banks may not, without the prior written consent of the Junior Lenders, increase the principal amount of the Senior Lender Claim referred to in clause (b) of the definition of such term to an amount that exceeds the sum of (i) the Senior Lender Credit Amount (with respect to the portion of the Senior Lender Claim described in clause (b) of the definition of such term) as of the date hereof (as the same may be reduced by the amount of any repayments under the Term Loans B Credit Agreement to the extent that such payments may not be reborrowed) plus (ii) the applicable Permitted Senior Lender Credit Increase. Any such additional extensions of credit shall be secured by the Collateral and shall be subject to the security interest and lien and payment priority and other provisions of this Agreement. The Agent and the Banks agree, and the Term Loans B Agent and the Term Loans B Banks agree, that, except for the Permitted Senior Lender Credit Increase (with respect to the Agent and the Banks only), neither the Agent nor the Banks, nor the Term Loans B Agent nor the Term Loans B Banks, shall extend credit to the Borrower in excess of the maximum amount set forth in the Senior Lender Loan Documents as of the date of this Agreement without the prior written consent of the Junior Lenders; it being understood and agreed that neither the Agent nor the Banks, nor the Term Loans B Agent nor the Term Loans B Ba...
Additional Credit Extensions. Subject to any restrictions on the ---------------------------- Company contained in the Indenture, the Revolving Credit Facility or the instruments evidencing or securing any Permitted Bank Refinancing, any Secured Party shall have the right, without the consent of the other, to extend credit to the Company in excess of the maximum amounts set forth in the Revolving Credit Facility, the Indenture or the instruments evidencing or securing any Permitted Bank Refinancing, as applicable, and whether under such agreements or under any other agreements with the Company, secured by the Bank Collateral or the First Mortgage Noteholders Collateral, as the case may be, and otherwise having the same rights as herein contained. Notwithstanding the foregoing, if any such advance(s) are secured by collateral other than the Collateral, the Secured Party making such advances shall have no obligation to marshal the assets of the Company before enforcing its rights in the Collateral hereunder. Each Secured Party shall use its best efforts to give to the others notice of its intent to extend additional credit, but the failure to do so shall not affect the validity of the extension of such credit, create a cause of action against the party failing to give such notice or create any claim or right on behalf of any third party.
Additional Credit Extensions. Nothing contained in this Agreement is intended to be an offer or commitment by the Bank to provide any credit extensions and/or loans to the Borrower in addition to the Term Loan. The Borrower and the Bank do hereby acknowledge that the extension of the Term Loan and each Advance thereunder is at all times subject to satisfaction of the terms and provisions set forth in this Agreement or referenced herein. It is understood and acknowledged by the Borrower that any such offer or commitment to provide funds in addition to the Term Loan would be subject to, among other things, receipt by the Bank of internal credit approvals. #
Additional Credit Extensions. The obligation of Lender to make each additional Loan is subject to the additional conditions precedent that (unless such conditions are waived by Lender), both before and after giving effect to any borrowing, (a) the representations and warranties of Borrower and each other Loan Party set forth in this Agreement and the other Loan Documents shall be true and correct in all material respects with the same effect as if then made (except to the extent stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct as of such earlier date) and (b) no Event of Default or Default shall have then occurred and be continuing. Each request by Borrower for the making of a Loan shall be deemed to constitute a representation and warranty by Borrower that the conditions precedent set forth in Section 4.2 will be satisfied at the time of the making of such Loan.
Additional Credit Extensions. (a) If the Revolving Agent or the other Revolving Claimholders should honor a request by a Revolving Borrower for a loan, advance or other financial accommodation under the Revolving Loan Documents, whether or not such Person has knowledge that honoring such request would result in an Event of Default under and as defined in (or an act, condition or event which, with notice or passage of time or both, would constitute such an Event of Default) the Notes Documents, in no event shall the Revolving Agent or any of the other Revolving Claimholders have any liability to the Notes Agent or the other Notes Claimholders (or any successors or assigns to or of any such Person) as a result of such breach, and, without limiting the generality of the foregoing, the Notes Agent, on behalf of the Notes Claimholders, hereby agrees that neither the Revolving Agent nor any of the other Revolving Claimholders shall have any liability for tortious interference with contractual relations or for inducement by any such Person of a Credit Party to breach of contract or otherwise.
Additional Credit Extensions. Each of Agent and Creditor shall have the right, without the consent of the other, to extend credit to any Borrower in excess of their existing or proposed credit lines, secured by the Collateral or Creditor Junior Collateral (as the case may be), and otherwise having the same priorities as herein contained.
Additional Credit Extensions. Trustee acknowledges, understands and agrees that (a) Agent and the Lenders may make additional loans and credit extensions available to any Obligor from time to time, pursuant to the Bank Documents or otherwise, (b) all such additional loans and credit extensions shall constitute part of the Bank Obligations and shall be secured by all of the Collateral, and (c) nothing herein shall restrict in any manner or in any way the right of Agent and the Lenders to make such additional loans and credit extensions available to any Obligor as Agent and the Lenders in their sole and absolute discretion may elect. The foregoing shall not limit or restrict the provisions of Sections 2 and 4 hereof or any of the Obligors' agreements and obligations under the Noteholder Documents.
Additional Credit Extensions. Subject to (i) any restrictions on Borrower contained in the Loan Agreements, (ii) maintenance by Borrower and Grantor of the Collateral Value Ratio, and (iii) the provisions of Section 2.1 hereto, the Senior Creditor shall have the right, without the consent of the Junior Creditor, to extend credit to Borrower in excess of the maximum amounts set forth in the Loan Agreements or under any other agreements with Borrower, secured by the Collateral and otherwise having the same priorities as herein contained. The Junior Creditor shall not have the right to extend additional credit to Borrower. Notwithstanding the foregoing, if any such advance(s) are secured by collateral other than the Collateral described hereunder, the Senior Creditor shall have no obligation to marshal the assets of Borrower or Grantor in which it has a lien or security interest before enforcing its rights in the Collateral hereunder, and the Junior Creditor shall have no rights hereunder to share or participate in any proceeds of such other collateral.
