No Further Loans. Declare all Commitments cancelled and refused, and Administrative Agent, and the Lenders shall not be obligated, to continue any Loans, make any additional Loans, make any payments, or permit the making of payments, from any Account or the Construction Fund or any Proceeds or other funds held by Administrative Agent or Collateral Agent under the Credit Documents or on behalf of Borrowers; provided, that in the case of an Event of Default occurring under Section 8.1.2 with respect to Borrowers, all such Commitments shall be cancelled and terminated without further act of any Secured Party.
Appears in 2 contracts
Samples: Credit Agreement (Renegy Holdings, Inc.), Credit Agreement (Renegy Holdings, Inc.)
No Further Loans. Declare all Loan Commitments cancelled and refusedcancelled, and Administrative Agent, Agent and the Lenders shall not be obligated, obligated to continue any Loans, make any additional Loans, or make any payments, or permit the making of payments, from any Account or the Construction Fund any Insurance Proceeds or any Eminent Domain Proceeds or other funds held by the Depository, Administrative Agent or Collateral Agent or any Lender under the Credit Documents or on behalf of BorrowersBorrower; provided, that in the case of an Event of Default occurring under Section 8.1.2 with respect to BorrowersBorrower, all such Loan Commitments shall be cancelled and terminated without further act of any Secured Party.
Appears in 2 contracts
Samples: Lender Agreement (Bloom Energy Corp), Lender Agreement (Bloom Energy Corp)
No Further Loans. Declare all Commitments cancelled and refusedcancelled, refuse, and Administrative Agent, Agent and the Lenders shall not be obligated, obligated to continue any Loans, make any additional Loans, Loans or make any payments, or permit the making of payments, from any Account or the Construction Fund or any Proceeds or other funds held by Administrative Agent or Collateral Agent under the Credit Documents or on behalf of BorrowersBorrower; provided, that in the case of an Event of Default occurring under Section 8.1.2 with respect to BorrowersBorrower, all such Commitments shall be cancelled and terminated without further act of any Secured Party.
Appears in 1 contract
