Common use of Payment Blockage Notice Clause in Contracts

Payment Blockage Notice. (a) The Borrower (i) covenants and agrees that it will not give the Payment Blockage Notice (as defined in the Indenture) without the consent of the Required Lenders and (ii) hereby designates and appoints the Agent, as attorney- in-fact of the Borrower, irrevocably and with full power of substitution, to deliver any Payment Blockage Notice (as defined in the Indenture) that the Borrower has the right to deliver pursuant to the terms of the Indenture; provided that the foregoing appointment shall terminate at such time as the Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated. (b) The Borrower (i) covenants and agrees that it will not give the Payment Blockage Notice (as defined in the Second Indenture) without the consent of the Required Lenders and (ii) hereby designates and appoints the Agent, as attorney- in-fact of the Borrower, irrevocably and with full power of substitution, to deliver any Payment Blockage Notice (as defined in the Second Indenture) that the Borrower has the right to deliver pursuant to the terms of the Second Indenture; provided that the foregoing appointment shall terminate at such time as the Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated.

Payment Blockage Notice. (a) The Borrower (i) covenants and agrees that it will not give the Payment Blockage Notice (as defined in the Indenture) without the consent of the Required Lenders and (ii) hereby designates and appoints the Agent, as attorney- in-fact of the Borrower, irrevocably and with full power of substitution, to deliver any Payment Blockage Notice (as defined in the Indenture) that the Borrower has the right to deliver pursuant to the terms of the Indenture; provided that the foregoing appointment shall terminate at such time as the Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated. (b) The Borrower (i) covenants and agrees that it will not give the Payment Blockage Notice (as defined in the Second Indenture) without the consent of the Required Lenders and (ii) hereby designates and appoints the Agent, as attorney- in-fact of the Borrower, irrevocably and with full power of substitution, to deliver any Payment Blockage Notice (as defined in the Second Indenture) that the Borrower has the right to deliver pursuant to the terms of the Second Indenture; provided that the foregoing appointment shall terminate at such time as the Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated.

Payment Blockage Notice. (a) The Borrower (i) covenants and agrees that it will not give the Payment Blockage Notice (as defined in the Indenture) without the consent of the Required Lenders and (ii) hereby designates and appoints the Agent, as attorney- attorney-in-fact of the Borrower, irrevocably and with full power of substitution, to deliver any Payment Blockage Notice (as defined in the Indenture) that the Borrower has the right to deliver pursuant to the terms of the Indenture; provided that the foregoing appointment shall terminate at such time as the Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated. (b) The Borrower (i) covenants and agrees that it will not give the Payment Blockage Notice (as defined in the Second Indenture) without the consent of the Required Lenders and (ii) hereby designates and appoints the Agent, as attorney- attorney-in-fact of the Borrower, irrevocably and with full power of substitution, to deliver any Payment Blockage Notice (as defined in the Second Indenture) that the Borrower has the right to deliver pursuant to the terms of the Second Indenture; provided that the foregoing appointment shall terminate at such time as the Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated.

Payment Blockage Notice. (a) The Borrower (i) covenants and agrees that it will not give the Payment Blockage Notice (as defined in the Indenture) without the consent of the Required Lenders and (ii) hereby designates and appoints the Agent, as attorney- attorney-in-fact of the Borrower, irrevocably and with full power of substitution, to deliver any Payment Blockage Notice (as defined in the Indenture) that the Borrower has the right to deliver pursuant to the terms of the Indenture; provided that the foregoing appointment shall terminate at such time as the Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated. (b) The Borrower (i) covenants and agrees that it will not give the Payment Blockage Notice (as defined in the Second Indenture) without the consent of the Required Lenders and (ii) hereby designates and appoints the Agent, as attorney- attorney-in-fact of the Borrower, irrevocably and with full power of substitution, to deliver any Payment Blockage Notice (as defined in the Second Indenture) that the Borrower has the right to deliver pursuant to the terms of the Second Indenture; provided that the foregoing appointment shall terminate at such time as the Loans, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated.