Common use of No Further Advances Clause in Contracts

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 (Repayment of a Bank's Share of the Loan) shall not be obliged to participate in the making of Advances on or after the date upon which the Agent receives the Borrower's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Commitment shall be reduced to zero.

Appears in 3 contracts

Samples: Credit Agreement (NTL Communications Corp), Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

AutoNDA by SimpleDocs

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 13.5 (Repayment of a Bank's Share of the Loan) shall not be obliged to participate in the making of Advances on or after the date upon which the Agent receives the Principal Borrower's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Revolving Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Credit Agreement (NTL Europe Inc)

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 12.5 (Repayment of a Bank's Share of the Loan) shall not be obliged to participate in the making of Revolving Advances on or after the date upon which the Agent receives the BorrowerParent's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Revolving Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc)

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 9.4 (Repayment of a Bank's ’s Share of the Loan) shall not be obliged to participate in the making of Advances on or after the date upon which the Facility Agent receives the Borrower's ’s notice of its intention to procure the repayment of repay such Bank's ’s share of the Loan, and such Bank's ’s Available Commitment on such date shall be reduced to zero.

Appears in 1 contract

Samples: Facility Agreement (Micron Technology Inc)

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 13.6 (Repayment of a Bank's Share of the Loan) shall not be obliged to participate in the making of Advances on or after the date upon which the Agent receives the BorrowerParent's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Revolving Commitment and Available Term Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Loan Agreement (Cemex Sa De Cv)

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 13.6 (Repayment of a Bank's Share of the Loan) shall not be obliged to participate in the making of Advances on or after the date upon which the Agent receives the BorrowerRelevant Obligor's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc/De/)

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 9.4 (Repayment of a Bank's Share of the LoanREPAYMENT OF A BANK'S SHARE OF THE LOAN) shall not be obliged to participate in the making of Advances on or after the date upon which the Facility Agent receives the BorrowerParent's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Bridge Facility Agreement (Koninklijke Numico Nv)

AutoNDA by SimpleDocs

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 15.6 (Repayment of a Bank's Share of the LoanREPAYMENT OF A BANK'S SHARE OF THE OUTSTANDINGS) shall not be obliged to participate in the making of Advances on or after the date upon which the Facility Agent receives the BorrowerParent's notice of its intention to procure the repayment of such Bank's share of the LoanOutstandings, and such Bank's Available Term Commitments and Available Revolving Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Fourth Amendment Agreement (Sanitec International Sa)

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 13.6 (Repayment of a Bank's Share of the LoanREPAYMENT OF A BANK'S SHARE OF THE LOAN) shall not be obliged to participate in the making of Advances on or after the date upon which the Facility Agent receives the BorrowerParent's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Term A Commitment, Available Term B Commitment and Available Revolving Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Koninklijke Numico Nv)

No Further Advances. A Bank for whose account a repayment is to be made under Clause 8.4 13.7 (Repayment of a Bank's Share of the Loan) shall not be obliged to participate in the making of Advances on or after the date upon which the Facility Agent receives the BorrowerObligors' Agent's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Tranche A Term Commitment and Available Revolving Commitment shall be reduced to zero.

Appears in 1 contract

Samples: Credit Agreement (Comple Tel LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!