Common use of No Commitment Clause in Contracts

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower.

Appears in 8 contracts

Samples: Intercreditor Agreement (Nedak Ethanol, LLC), Subordination Agreement (MGP Ingredients Inc), Subordination Agreement (MGP Ingredients Inc)

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No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower.

Appears in 8 contracts

Samples: Subordination Agreement (Sportsmans Guide Inc), Subordination Agreement (San Holdings Inc), Subordination Agreement (Nord Resources Corp)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the BorrowerBorrowers.

Appears in 5 contracts

Samples: Subordination Agreement (Miscor Group, Ltd.), Subordination Agreement (Miscor Group, Ltd.), Subordination Agreement (Miscor Group, Ltd.)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the BorrowerLoan Parties.

Appears in 4 contracts

Samples: Management Fee Subordination Agreement (1847 Goedeker Inc.), Management Fee Subordination Agreement (1847 Goedeker Inc.), Management Fee Subordination Agreement (1847 Holdings LLC)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower.

Appears in 3 contracts

Samples: Subordination Agreement (Naturade Inc), Loan Agreement (Naturade Inc), Intercreditor Agreement (Titan Motorcycle Co of America Inc)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender Banks to make any future loans or other extensions of credit or financial accommodations to the BorrowerBorrowers.

Appears in 2 contracts

Samples: Secured Senior Lending Agreement (Pioneer Financial Services Inc), Secured Senior Lending Agreement (Pioneer Financial Services Inc)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of any of the Senior Lender Parties to make any future loans or other extensions of credit or financial accommodations to the Borrower.

Appears in 2 contracts

Samples: Support and Subordination Agreement (Green Plains Renewable Energy, Inc.), Support and Subordination Agreement (Green Plains Renewable Energy, Inc.)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Preferred Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower. The Subordinated Creditors hereby waive any and all right to require the marshalling of assets in connection with the exercise of any of the Preferred Lender’s remedies permitted by applicable law or agreement.

Appears in 2 contracts

Samples: Subordination Agreement (Nutracea), Subordination Agreement (Nutracea)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender Preferred Lenders to make any future loans or other extensions of credit or financial accommodations to the Borrower. Each of the Subordinated Creditors hereby waives any and all right to require the marshalling of assets in connection with the exercise of any of the Preferred Lenders’ remedies permitted by applicable law or agreement.

Appears in 2 contracts

Samples: Subordination Agreement (RiceBran Technologies), Secured Revolving Credit Facility Agreement (RiceBran Technologies)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior any Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower.

Appears in 1 contract

Samples: Subordination Agreement (Sheldahl Inc)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower, or any of the Subsidiaries.

Appears in 1 contract

Samples: Subordination Agreement (Autotradecenter Com Inc)

No Commitment. None of the provisions previsions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower.

Appears in 1 contract

Samples: Spectrumcommercial Services (JanOne Inc.)

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No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender Bank to make any future loans or other extensions of credit or financial accommodations to the Borrower.

Appears in 1 contract

Samples: Debt Subordination Agreement (K Tel International Inc)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior either Lender to make any future loans or other extensions of credit or financial accommodations to the BorrowerBorrowers.

Appears in 1 contract

Samples: Miscor Group, Ltd.

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the BorrowerCompany.

Appears in 1 contract

Samples: Intercreditor Agreement (Russ Berrie & Co Inc)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender Lenders to make any future loans or other extensions of credit or financial accommodations to the Borrower.

Appears in 1 contract

Samples: Senior Lending Agreement (Pioneer Financial Services Inc)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Preferred Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower. Each of the Subordinated Creditors hereby waives any and all right to require the marshalling of assets in connection with the exercise of any of the Preferred Lender's remedies permitted by applicable law or agreement.

Appears in 1 contract

Samples: Subordination Agreement (RiceBran Technologies)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the BorrowerBorrowers. The Subordinated Creditor hereby waives any and all right to require the marshalling of assets in connection with the exercise of any of Lender’s remedies permitted by applicable law or agreement.

Appears in 1 contract

Samples: Subordination Agreement (Nature Vision, Inc.)

No Commitment. None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Senior Lender to make any future loans or other extensions of credit or financial accommodations to the BorrowerIngredients.

Appears in 1 contract

Samples: Subordination Agreement (MGP Ingredients Inc)

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