Common use of Continuing Nature of Provisions Clause in Contracts

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Obligations Payment Date and (ii) the Term Loan Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties and the Term Loan Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

Appears in 4 contracts

Samples: Intercreditor Agreement (Tetra Technologies Inc), Senior Secured Credit Agreement (Lifetime Brands, Inc), Senior Secured Credit Agreement (Lifetime Brands, Inc)

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Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Excess Revolving Credit Obligations Payment Date and (ii) the Excess Term Loan Obligations Payment Date. This is a continuing agreement and the ABL Revolving Credit Secured Parties and the Term Loan Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Vertex Energy Inc.), Intercreditor Agreement (Vertex Energy Inc.)

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (ia) the ABL Obligations Payment Date and (iib) the Term Loan Notes Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties and the Term Loan Notes Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Daktronics Inc /Sd/), Intercreditor Agreement (Us Concrete Inc)

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Obligations Payment Date and (ii) the Term Loan Indenture Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties Lender and the Term Loan Indenture Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (SAExploration Holdings, Inc.)

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (ia) the ABL Obligations Payment Date and (iib) the Term Loan Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties and the Term Loan Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party Grantor on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Basic Energy Services Inc)

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Factoring Obligations Payment Date and (ii) the Term Loan Notes Obligations Payment Date. This is a continuing agreement and the ABL Factoring Secured Parties and the Term Loan Notes Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and credit, advances and/or other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Financing Party on the faith hereof, subject to the provisions of this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (MusclePharm Corp)

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Obligations Payment Date and (ii) the Term Loan Collateral Trust Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties and the Term Loan Collateral Trust Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party Grantor on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Goodman Networks Inc)

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Continuing Nature of Provisions. Subject to Section ‎Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Obligations Payment Date and no ABL Excess Amount remains outstanding and (ii) the Term Loan Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties and the Term Loan Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Franchise Group, Inc.)

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL RCF Obligations Payment Date and (ii) the Term Loan Obligations Payment Date. This is a continuing agreement and the ABL RCF Secured Parties and the Term Loan Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Global Clean Energy Holdings, Inc.)

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Obligations Payment Date and (ii) the Term Loan Non-ABL Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties and the Term Loan Non-ABL Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

Appears in 1 contract

Samples: Abl Credit Agreement (Clearwater Paper Corp)

Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Obligations Payment Date and (ii) the [Term Loan Loan] Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties and the [Term Loan Loan] Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (TimkenSteel Corp)

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