Common use of Continuing Nature of Provisions Clause in Contracts

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligation Payment Date shall have occurred. This is a continuing agreement and the First Lien Secured Parties and the Second Lien 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, the Borrower or any other Credit Party on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Quest Resource Corp), Intercreditor Agreement (Quest Energy Partners, L.P.)

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Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligation Obligations Payment Date shall have occurred. This is a continuing agreement and the First Lien Secured Parties and the Second Lien 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, the Borrower Borrowers or any other Credit Party Obligor on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp), Intercreditor and Collateral Agency Agreement (PostRock Energy Corp)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligation Obligations Payment Date shall have occurred. This is a continuing agreement and the First Lien Secured Parties and the Second Lien 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, the Borrower or any other Credit Party Obligor on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Quest Resource Corp), Credit Agreement (Quest Energy Partners, L.P.)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligation Payment Date Obligations shall have occurredbe Paid in Full. This is a continuing agreement and the First Lien Secured Parties and the Second Lien 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, the Borrower or any other Credit Loan Party on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Triple Crown Media, Inc.), Intercreditor Agreement (Open Solutions Inc)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Second Lien Obligation Obligations Payment Date shall have occurred. This is a continuing agreement and the First Lien Secured Parties, the Second Lien Secured Parties and the Second Third Lien 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, the Borrower or any other Credit Loan Party on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Wci Communities Inc)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligation Obligations Payment Date shall have occurred, subject to Section 5.5. This is a continuing agreement and the First Lien Priority Secured Parties and the Second Lien Priority 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, the Borrower any Company or any other Credit Party Grantor on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Dynacast Inc.)

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Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligation Payment Date Obligations and Second Lien Obligations shall have occurredbe Paid in Full. This is a continuing agreement and the First Lien Secured Parties, the Second Lien Secured Parties and the Second Third Lien 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, the Borrower or any other Credit Party Parties on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Dobson Communications Corp)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligation Payment Date Period shall have occurredterminated. This is a continuing agreement and the First Lien Secured Parties and the Second Lien 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, the Borrower Company or any other Credit Loan Party on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Texas Unwired)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the Discharge of the First Lien Obligation Payment Date Obligations and the Discharge of the Second Lien Obligations shall have occurred. This is a continuing agreement and the First Lien Secured Parties and the Second Lien Junior 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, the Borrower Company or any other Credit Party on the faith hereofin reliance upon this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (USA Synthetic Fuel Corp)

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