Common use of Suspension of Commitments Clause in Contracts

Suspension of Commitments. Upon the occurrence of ------------------------- any Default or Event of Default, Agent and each Lender without notice or demand, may immediately cease making additional Loans and issuing Lender Letters of Credit and Risk Participation Agreements and cause its obligation to lend its Pro Rata Share of the Commitments to be suspended; provided that, in the case of a -------- Default, if the subject condition or event is waived, cured or removed by Requisite Lenders within any applicable grace or cure period, any suspended portion of the Loan Commitments shall be reinstated. Each Lender may alternatively suspend only a portion of its obligation to lend its Pro Rata Share of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Lund International Holdings Inc)

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Suspension of Commitments. Upon the occurrence of ------------------------- any Default or Event of Default, Agent and each Lender without notice or demand, may immediately cease making additional Loans and issuing Lender Letters of Credit and Risk Participation Agreements and cause its obligation to lend its Pro Rata Share of the Commitments Revolving Loan Commitment to be suspended; provided PROVIDED that, in the case of a -------- Default, if the subject condition or event is waived, cured or removed by Requisite Lenders within any applicable grace or cure period, any suspended portion of the Revolving Loan Commitments Commitment shall be reinstated. Each Lender may alternatively suspend only a portion of its obligation to lend its Pro Rata Share of the CommitmentsRevolving Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Finance Inc)

Suspension of Commitments. Upon the occurrence of ------------------------- any Default or Event of ------------------------- Default, Agent and each Lender without notice or demand, may in its sole discretion immediately cease making additional Revolving Loans and issuing Lender Letters of Credit and Risk Participation Agreements and cause its obligation to lend its Pro Rata Share of the Commitments Revolving Loan Commitment to be suspended; provided that, in the case of a -------- Default, if the subject condition or -------- event is waived, cured or removed by Requisite Lenders within any applicable grace or cure period, any suspended portion of the Revolving Loan Commitments Commitment shall be reinstated. Each Lender may alternatively suspend only a portion of its obligation to lend its Pro Rata Share of the CommitmentsRevolving Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (MCG Capital Corp)

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Suspension of Commitments. Upon the occurrence of ------------------------- any Default or Event of Default, Agent and each Lender without notice or demand, may immediately cease making additional Loans and issuing Lender Letters of Credit and Risk Participation Agreements and cause its obligation to lend its Pro Rata Share of the Commitments Revolving Loan Commitment to be suspended; provided that, in the case of a -------- Default, if the subject condition or event is waived, cured or removed by Requisite Lenders within any applicable grace or cure period, any suspended portion of the Revolving Loan Commitments Commitment shall be reinstated. Each Lender may alternatively suspend only a portion of its obligation to lend its Pro Rata Share of the CommitmentsRevolving Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Corp)

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