Common use of Suspension of Commitments Clause in Contracts

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 11 contracts

Samples: Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (Beacon Roofing Supply Inc), Loan and Security Agreement (Banctec Inc)

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Suspension of Commitments. Upon the occurrence of any Default or ------------------------- Event of Default, notwithstanding any grace period or right to cure, Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided -------- that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 3 contracts

Samples: Loan and Security Agreement (Tower Air Inc), Loan and Security Agreement (Banctec Inc), Loan and Security Agreement (Tower Air Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Collateral Agent may or upon demand by Requisite Lenders shallmay, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sun Healthcare Group Inc), Loan and Security Agreement (Sun Healthcare Group Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Agent and/or Swingline Lender may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Chief Auto Parts Inc), Loan and Security Agreement (Chief Auto Parts Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Administrative and Documentation Agent may or upon demand by Requisite Lenders shall, without notice or demand, instruct Collateral Monitoring Agent to immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (Belding Heminway Co Inc /De/)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Agent may or may, and upon the demand by of Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived waived, cured or cured removed by Requisite Lenders within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, the Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Credit and Security Agreement (Tower Air Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Administrative Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (Sun Healthcare Group Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Agent may may, or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans Revolving Advances and the Commitments Revolving Loan Commitment shall be suspended; provided thatprovided, that in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments Revolving Loan Commitment shall be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (Beacon Roofing Supply Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to curecure Collateral Agent, Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (Thorn Apple Valley Inc)

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Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making [or restrict the amount of] additional Loans and the Commitments shall be suspendedsuspended [or restricted]; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (Skechers Usa Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event ------------------------- of Default, notwithstanding any grace period or right to cure, Agent may or may, and upon the demand by of Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or -------- event is waived waived, cured or cured removed by Requisite Lenders within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Agent may or upon demand by Requisite Lenders shallwill, without notice or demand, immediately cease making additional Loans and the Commitments shall will be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall will be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (Arvinmeritor Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Administrative Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure periodperiod (without having become an Event of Default), the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan and Security Agreement (Comforce Operating Co)

Suspension of Commitments. Upon the xxx occurrence of any Default ------------------------- or Event of Default, notwithstanding any grace period or right to cure, Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments shall be suspended; provided that, in the case of a -------- Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan Agreement (Lund International Holdings Inc)

Suspension of Commitments. Upon the occurrence of any Default or Event of Default, notwithstanding any grace period or right to cure, Administrative Agent may or upon demand by Requisite Lenders shall, without notice or demand, immediately cease making additional Loans and the Commitments (other than the obligation of Lenders to purchase participations in Letters of Credit) shall be suspended; provided that, in the case of a Default, if the subject condition or event is waived or cured within any applicable grace or cure period, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Loan Agreement (Recoton Corp)

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