Common use of Credit Facility Term Clause in Contracts

Credit Facility Term. All outstanding Obligations with respect to the Credit Facility shall be due and payable on the Maturity Date. After the Maturity Date, Borrower shall have no right to either (i) submit any further Borrowing Requests, or (ii) request that any new Borrowing Base Property be added to the Borrowing Base, and Administrative Agent shall have no obligation to honor any such requests.

Appears in 4 contracts

Samples: Modification Agreement (Century Communities, Inc.), Modification Agreement (Century Communities, Inc.), Credit Agreement (Century Communities, Inc.)

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