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.

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.

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