Common use of Notice Mandatory Clause in Contracts

Notice Mandatory. The Administrative Agent or the affected Lender, as the case may be, shall promptly give notice to the Borrower when circumstances which gave rise to a suspension of the obligations of the Lenders or a Lender to make or maintain Euro-Dollar Loans pursuant to Section 8.01 or 8.02, or to a demand for compensation under Section 8.03, no longer exist.

Appears in 4 contracts

Samples: Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp)

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Notice Mandatory. The Administrative Agent or the affected Lender, as the case may be, shall promptly give notice to the Borrower when circumstances which gave rise to a suspension of the obligations of the Lenders or a Lender to make or maintain Euro-Dollar Term SOFR Loans pursuant to Section 8.01 or 8.02, or to a demand for compensation under Section 8.03, 8.02 no longer exist.

Appears in 1 contract

Samples: Term Credit Agreement (Marathon Oil Corp)

Notice Mandatory. The Administrative Agent or the affected Lender, as the case may be, shall promptly give notice to the Borrower when circumstances which gave rise to a suspension of the obligations of the Lenders or a Lender to make or maintain Euro-Dollar Eurodollar Loans pursuant to Section 8.01 or 8.02, or to a demand for compensation under Section 8.03, 8.02 no longer exist.

Appears in 1 contract

Samples: Credit Agreement (Marathon Oil Corp)

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Notice Mandatory. The Administrative Agent or the affected Lender, as the case may be, shall promptly give notice to the Borrower when circumstances which gave rise to a suspension of the obligations of the Lenders or a Lender to make or maintain Euro-Dollar Loans pursuant to Section 8.01 or 8.02, or to a demand for compensation under Section 8.038.03 or 8.05, no longer exist.

Appears in 1 contract

Samples: Credit Agreement (Marathon Oil Corp)

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