Standstill by Supplemental Loan Agreement Banks Sample Clauses

Standstill by Supplemental Loan Agreement Banks. The Collateral Agent hereby agrees (and the Supplemental Loan Agreement Banks acknowledge such agreement) that it shall not enforce the liens and interests of the Supplemental Loan Agreement Banks in the Shared Collateral or make demand upon any issuer of the Subsidiary Guaranty (a "Subsidiary Guarantor") in response to any notice of an Event of Default received from, or on behalf of, one or more of the Supplemental Loan Agreement Banks unless the Collateral Agent previously has commenced enforcement of the liens and security interests of the Primary Loan Agreement Banks in the Shared Collateral and/or made demand upon such Subsidiary Guarantor in response to a notice of an Event of Default received from or on behalf of the Primary Loan Agreement Banks.
Sample 1
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Related to Standstill by Supplemental Loan Agreement Banks

  • Credit Agreement Amendment The Credit Agreement is hereby amended as follows:

  • Waivers; Amendment; Joinder Agreements (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • Amendment of Loan Agreement The Loan Agreement is hereby amended as follows:

  • of the Loan Agreement Section 1.1 of the Loan Agreement is hereby amended as follows:

  • Amendment to Existing Credit Agreement Subject to the occurrence of the Second Amendment Effective Date (as hereinafter defined), the Existing Credit Agreement is amended in accordance with this Article II.

  • Amendment to Loan Documents The Borrower shall not amend any of the Loan Documents except pursuant to the applicable terms thereof and Section 12.5 of this Agreement.

  • Amendment of Loan Documents Grantor authorizes Bank, without notice or demand and without affecting its liability hereunder, from time to time to (a) renew, extend, or (with the approval of Borrower) otherwise change the terms of any Loan Document, or any part thereof; (b) take and hold security for the payment of any Loan Document, and exchange, enforce, waive and release any such security; and (c) apply such security and direct the order or manner of sale thereof as Bank in its sole discretion may determine.

  • Joinder Agreements If, at the option of the Borrower or as required pursuant to Section 4.13 of the Credit Agreement, the Borrower shall cause any Subsidiary that is not a Grantor to become a Grantor hereunder, such Subsidiary shall execute and deliver to Agent a Joinder Agreement substantially in the form of Annex 2 and shall thereafter for all purposes be a party hereto and have the same rights, benefits and obligations as a Grantor party hereto on the Closing Date.

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