No Further Loans. Administrative Agent and the Lenders may refuse and shall not be obligated, to continue any Loans or to make any additional Loans, the LC Issuing Banks shall not be obligated to issue, extend or increase the Stated Amount of any Letter of Credit and the Commitments may be terminated; provided that in the event of an Event of Default occurring under Section 6.1.3 with respect to Borrower, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 8 contracts
Samples: Assignment and Assumption (Tampa Electric Co), Credit Agreement (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co)
No Further Loans. Refuse, and Administrative Agent and the Lenders may refuse and shall not be obligated, to continue any Loans or to make any additional Loans, Loans and the LC Issuing Banks shall not be obligated to issue, extend or increase the Stated Amount of any Letter of Credit and the Commitments may be terminatedCredit; provided that in the event of an Event of Default occurring under Section 6.1.3 with respect to Borrower, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 3 contracts
Samples: Credit Agreement (Teco Energy Inc), Assignment and Assumption (Tampa Electric Co), Credit Agreement (Tampa Electric Co)
No Further Loans. Refuse, and Administrative Agent and the Lenders may refuse and shall not be obligated, to continue any Loans or to make any additional Loans, Loans and the LC Issuing Banks Bank shall not be obligated to issue, extend or increase the Stated Amount of any Letter of Credit and the Commitments may be terminatedCredit; provided that in the event of an Event of Default occurring under Section 6.1.3 of this Agreement with respect to Borrower, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 2 contracts
Samples: Credit Agreement (Teco Energy Inc), Credit Agreement (Tampa Electric Co)
No Further Loans. Administrative Agent and the Lenders may refuse and shall not be obligated, to continue any Loans or to make any additional Loans, Loans and the LC Issuing Banks shall not be obligated to issue, extend or increase the Stated Amount of any Letter of Credit and the Commitments may be terminatedCredit; provided that in the event of an Event of Default occurring under Section 6.1.3 with respect to Borrower, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 2 contracts
Samples: Assignment and Assumption (Teco Energy Inc), Assignment and Assumption (Teco Energy Inc)
No Further Loans. Administrative Agent and the Lenders may refuse and shall not be obligated, to continue any Loans or to make any additional Loans, the LC Issuing Banks shall not be obligated to issue, extend extend, increase or increase decrease the Stated Amount of any Letter of Credit and the Commitments may be terminated; provided that in the event of an Event of Default occurring under Section 6.1.3 with respect to BorrowerXxxxxxxx, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 1 contract
No Further Loans. Administrative Agent and the Lenders may refuse and shall not be obligated, obligated to continue any Loans or to make any additional Loans, Loans and the LC Issuing Banks shall not be obligated to issue, extend or increase the Stated Amount of any Letter of Credit and the Commitments may be terminatedCredit; provided that in the event of an Event of Default occurring under Section 6.1.3 with respect to Borrower, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 1 contract
Samples: Credit Agreement (Tampa Electric Co)
No Further Loans. Refuse, and Administrative Agent and the Lenders may refuse and shall not be obligated, to continue any Loans or to make any additional Loans, Loans under either Facility and the LC Issuing Banks Bank shall not be obligated to issue, extend or increase the Stated Amount of any Letter of Credit and the Commitments may be terminatedCredit; provided that in the event of an Event of Default occurring under Section 6.1.3 of this Agreement with respect to Borrower, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 1 contract
Samples: Credit Agreement (Teco Energy Inc)
No Further Loans. Administrative Agent and the Lenders may refuse and shall not be obligated, to continue any Loans or to make any additional Loans, the LC Issuing Banks shall not be obligated to issue, extend or increase the Stated Amount of any Letter of Credit and the Commitments may be terminated; provided that in the event of an Event of Default occurring under Section 6.1.3 with respect to Borrower, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 1 contract
No Further Loans. Administrative Agent and the Lenders may refuse and shall not be obligated, obligated to continue any Loans or to make any additional Loans, Loans and the LC Issuing Banks shall not be obligated to issue, extend or increase the Stated Amount of any Letter of Credit and the Commitments may be terminatedCredit; provided that in the event of an Event of Default occurring under Section 6.1.3 of this Agreement with respect to Borrower, the foregoing shall take effect immediately and without further act of Administrative Agent or the Lenders.
Appears in 1 contract
Samples: Credit Agreement (Tampa Electric Co)
