Common use of Binding Effect; Continuing Agreement Clause in Contracts

Binding Effect; Continuing Agreement. (a) This Loan Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in full. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 24 contracts

Samples: Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc), Term Loan Agreement (Public Service Co of New Mexico)

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Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Letters of Credit and Commitments have been terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 10 contracts

Samples: Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Commitments have been terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 6 contracts

Samples: Credit Agreement (Texas New Mexico Power Co), Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when as all of the conditions set forth in Section 4.1 5.01 have been satisfied or waived by in the sole discretion of the Lenders and it shall have been executed by the Borrower and the Administrative AgentBorrower, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear and the signatures of each LenderLenders, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender Agent, the Lenders and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations (other than contingent indemnification or expense reimbursement obligations) have been paid in fullfull and the Commitments have terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any LenderLenders, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or and any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 5 contracts

Samples: Credit Agreement (Baker Hughes Inc), Credit Agreement (Baker Hughes Inc), Credit Agreement (Baker Hughes Inc)

Binding Effect; Continuing Agreement. (a) This Loan Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 3.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and Borrower, the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, L/C Obligations, interest, fees Fees and other Borrower Obligations have been paid in fullfull and the Revolving Commitments are terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwiseany similar reason, then the Loan Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 4 contracts

Samples: Revolving Credit Facility (Nordstrom Inc), Revolving Credit Facility (Nordstrom Inc), Revolving Credit Facility (Nordstrom Inc)

Binding Effect; Continuing Agreement. (a) This Loan Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 3.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and Borrower, the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees Fees and other Borrower Obligations have been paid in fullfull and the Revolving Commitments are terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwiseany similar reason, then the Loan Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 4 contracts

Samples: Revolving Credit Facility (Nordstrom Inc), Revolving Credit Facility (Nordstrom Inc), Revolving Credit Facility (Nordstrom Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Borrowers, the Agent and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each LenderLenders, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the BorrowerBorrowers, the Administrative Agent and each Lender and their respective successors and permitted assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, LOC Obligations, interest, fees and other Borrower Borrowers Obligations have been paid in fullfull and all Commitments and Letters of Credit have been terminated. Upon such termination, the Borrower Borrowers shall have no further obligations (other than the indemnification provisions and other those provisions that by their terms surviveexpressly survive the termination thereof) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Borrowers Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Borrowers Obligations.

Appears in 4 contracts

Samples: 364 Day Credit Agreement (Duke Energy Field Services LLC), 364 Day Credit Agreement (Duke Energy Field Services LLC), 364 Day Credit Agreement (Duke Energy Field Services LLC)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Revolving Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Letters of Credit and Commitments have been terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 4 contracts

Samples: Credit Agreement (Texas New Mexico Power Co), Credit Agreement (PNM Resources Inc), Credit Agreement (Texas New Mexico Power Co)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Revolving Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Letters of Credit and Commitments have been terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 4 contracts

Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Borrower, the Agent and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each LenderLenders, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and permitted assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, LOC Obligations, interest, fees and other Borrower Obligations have been paid in fullfull and all Commitments and Letters of Credit have been terminated. Upon such termination, the Borrower shall have no further obligations (other than the indemnification provisions and other those provisions that by their terms surviveexpressly survive the termination thereof) under the Loan Credit Documents; provided provided, that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 4 contracts

Samples: Credit Agreement (DCP Midstream Partners, LP), Credit Agreement (Spectra Energy Partners, LP), Credit Agreement (Spectra Energy Partners, LP)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, LOC Obligations, interest, fees and other Borrower Credit Party Obligations have been paid in fullfull and all Commitments and Letters of Credit have been terminated. Upon termination, the Borrower Credit Parties shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Credit Party Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in full. Upon termination, the Borrower and the Parent Guarantor shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (PNM Resources Inc), Term Loan Credit Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (aA) This Loan Agreement shall become effective at such time when as all of the conditions set forth in Section 4.1 3.01 have been satisfied or waived by the Lenders Lender and it shall have been executed by the Borrower Company and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrower, Company and the Administrative Agent and each Lender and their respective successors and assigns. (bB) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Company Obligations have been paid in fullfull and the Commitment expires or has been terminated. Upon termination, the Borrower Company shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Company Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Company Obligations.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Artesian Resources Corp), Revolving Credit Agreement (Artesian Resources Corp)

Binding Effect; Continuing Agreement. (a) This Loan Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders Lender and it shall have been executed by the Borrower and the Administrative AgentLender, and the Administrative Agent Lender shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each the Lender, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in full. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 2 contracts

Samples: Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed and delivered by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed faxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, LOC Obligations, interest, fees and other Borrower Obligations have been paid in fullfull (other than contingent obligations for which no claim has been made) and all Commitments and Letters of Credit have been terminated (or, in the case of Letters of Credit, the LOC Obligations have been cash collateralized). Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all reasonable and documented out-of-pocket costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Company and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the BorrowerBorrowers, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Revolving Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Letters of Credit and Commitments have been terminated. Upon termination, the Borrower Borrowers shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 2 contracts

Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Credit Party Obligations have been paid in fullfull and the Commitments have been terminated. Upon termination, the Borrower Credit Parties shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Credit Party Obligations.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Quest Diagnostics Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and Companyand the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the BorrowerBorrowers, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Revolving Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Letters of Credit and Commitments have been terminated. Upon termination, the Borrower Borrowers shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Credit Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Borrower, the Agent and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each LenderLenders, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and permitted assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Commitments have been terminated. Upon such termination, the Borrower shall have no further obligations (other than the indemnification provisions and other those provisions that by their terms surviveexpressly survive the termination thereof) under the Loan Credit Documents; provided provided, that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Bridge Credit Agreement (DCP Midstream Partners, LP)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed and delivered by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed faxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns.. 122 [[5731659]] (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, LOC Obligations, interest, fees and other Borrower Obligations have been paid in fullfull (other than contingent obligations for which no claim has been made) and all Commitments and Letters of Credit have been terminated (or, in the case of Letters of Credit, the LOC Obligations have been cash collateralized). Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all reasonable and documented out-of-pocket costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Credit Agreement (Quest Diagnostics Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Credit Party Obligations have been paid in fullfull and all Commitments have been terminated. Upon termination, the Borrower Credit 91 Parties shall have no further obligations (other than the indemnification provisions that survive and any other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Credit Party Obligations.

Appears in 1 contract

Samples: Credit Agreement (Pulte Homes Inc/Mi/)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when as all of the conditions set forth in Section 4.1 5.01 have been satisfied or waived by in the sole discretion of the Lenders and it shall have been executed by the Borrower and the Administrative AgentBorrower, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear and the signatures of each LenderLenders, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender Agent, the Lenders and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, L/C Obligations, interest, fees and other Borrower Obligations have been paid in fullfull and the Commitments and Letters of Credit have terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any LenderLenders, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or and any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Credit Agreement (Baker Hughes Inc)

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Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Credit Party Obligations have been paid in full. Upon termination, the Borrower Credit Parties shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Credit Party Obligations.

Appears in 1 contract

Samples: Credit Agreement (Quest Diagnostics Inc)

Binding Effect; Continuing Agreement. (a) This Loan Reimbursement Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Reimbursement Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Reimbursement Agreement shall be a continuing agreement and shall remain in full force and effect until all LoansL/C Obligations, outstanding interest, fees and other Borrower Obligations have been paid in fullfull and all Letters of Credit and Commitments have been terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Reimbursement Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when as all of the conditions set forth in Section 4.1 5.01 have been satisfied or waived by in the sole discretion of the Lenders and it shall have been executed by the Borrower and the Administrative AgentBorrower, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear and the signatures of each LenderLenders, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender Agent, the Lenders and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, LC Disbursements, interest, fees and other Borrower Obligations have been paid in fullfull and the Commitments and Letters of Credit have terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any LenderLenders, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or and any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Credit Agreement (Baker Hughes Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Commitments have been terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Texas New Mexico Power Co)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Term Loans, interest, fees and other Borrower Obligations have been paid in full. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Term Loan Agreement (PNM Resources Inc)

Binding Effect; Continuing Agreement. (a) This Loan Agreement shall become effective at such time when as all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative AgentBorrower, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear and the signatures of each LenderLenders, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Commitments have been terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Credit Agreement (Oglethorpe Power Corp)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender Xxxxxx and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in full. Upon termination, the Borrower and the Parent Guarantor shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Term Loan Credit Agreement

Binding Effect; Continuing Agreement. (a) This Loan Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 3.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and Borrower, the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrowereach Loan Party, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, L/C Obligations, interest, fees Fees and other Borrower Obligations have been paid in fullfull and the Revolving Commitments are terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwiseany similar reason, then the Loan Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Revolving Credit Facility (Nordstrom Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Credit Party Obligations have been paid in fullfull and all Commitments have been terminated. Upon termination, the Borrower Credit Parties shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Credit Party Obligations.

Appears in 1 contract

Samples: Bridge Credit Agreement (Quest Diagnostics Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Credit Party Obligations have been paid in fullfull and all Commitments have been terminated. Upon termination, the Borrower Credit Parties shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Credit Party Obligations.

Appears in 1 contract

Samples: Credit Agreement (Pulte Homes Inc/Mi/)

Binding Effect; Continuing Agreement. (a) This Loan Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 SECTION 4.01 have been satisfied or waived by the Required Lenders and it shall have been executed by the Borrower Borrowers, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each LenderLenders, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the BorrowerBorrowers, the Administrative Agent Guarantors, and each Lender and their respective successors and assigns. (b) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations (other than any obligations which by the terms thereof are stated to survive the termination of the Loan Documents) have been paid in full. Upon termination, the Borrower Credit Parties shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan DocumentsDocuments and the Agent shall, at the request and expense of the Borrowers, deliver all Collateral in its possession to the Borrowers and release all Liens on Collateral; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Documents shall automatically be reinstated and all Liens of the Lenders shall reattach to the Collateral and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Binding Effect; Continuing Agreement. (a) This Loan Credit Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower Borrower, the Guarantors and the Administrative Agent, and the Administrative Agent shall have received 84 copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Credit Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Credit Party Obligations have been paid in fullfull and all Letters of Credit and Commitments have been terminated. Upon termination, the Borrower Credit Parties shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Credit Party Obligations.

Appears in 1 contract

Samples: Credit Agreement (Orthodontic Centers of America Inc /De/)

Binding Effect; Continuing Agreement. (a) This Loan Agreement shall become effective at such time when all of the conditions set forth in Section 4.1 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower and the Administrative each Agent, and the Administrative Agent shall have received copies hereof (telefaxed or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter this Loan Agreement shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns. (b) This Loan Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, interest, fees and other Borrower Obligations have been paid in fullfull and all Commitments have been terminated. Upon termination, the Borrower shall have no further obligations (other than the indemnification provisions and other provisions that by their terms survive) under the Loan Credit Documents; provided that should any payment, in whole or in part, of the Borrower Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Loan Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Borrower Obligations.

Appears in 1 contract

Samples: Delayed Draw Term Loan Agreement (Public Service Co of New Mexico)

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