Defaulting Lender’s Right to Vote. For purposes of voting or consenting to matters with respect to (i) the Loan Documents or (ii) any other matter concerning the Loans, a Defaulting Lender shall be deemed not to be a "Lender" and such Lender's Commitments and outstanding Loans and Advances shall be deemed to be zero.
Appears in 2 contracts
Samples: Loan and Security Agreement (Banctec Inc), Loan and Security Agreement (Beacon Roofing Supply Inc)
Defaulting Lender’s Right to Vote. For purposes of voting or consenting to matters with respect to (i) the Loan Documents or (ii) any other matter concerning the Loans, a Defaulting Lender shall be deemed not to be a "“Lender" ” and such Lender's ’s Commitments and outstanding Loans and Advances shall be deemed to be zero.
Appears in 1 contract
Samples: Loan and Security Agreement (Beacon Roofing Supply Inc)
Defaulting Lender’s Right to Vote. For purposes of --------------------------------- voting or consenting to matters with respect to (i) the Loan Documents or (ii) any other matter concerning the Loans, a Defaulting Lender shall be deemed not to be a "Lender" and such Lender's Commitments and outstanding Loans and Advances shall be deemed to be zero.
Appears in 1 contract
Defaulting Lender’s Right to Vote. For purposes of voting or consenting to matters with respect to (i) the Loan Documents or (ii) any other matter concerning the LoansRevolving Loan, a Defaulting Lender shall be deemed not to be a "“Lender" ” and such Lender's Commitments ’s Revolving Loan Commitment and outstanding Loans and Revolving Advances shall be deemed to be zero.
Appears in 1 contract
Samples: Loan and Security Agreement (Beacon Roofing Supply Inc)
Defaulting Lender’s Right to Vote. For purposes of voting or consenting to matters with respect to (i) the Loan Documents or (ii) any other matter concerning the LoansRevolving Loan, a Defaulting Lender shall be deemed not to be a "Lender" and such Lender's Commitments Revolving Loan Commitment and outstanding Loans and Revolving Advances shall be deemed to be zero.
Appears in 1 contract
Samples: Loan and Security Agreement (Beacon Roofing Supply Inc)