Suspension of drawdown Sample Clauses

Suspension of drawdown. If the Agent’s notice under Clause 5.8 is served before an Advance is made: (a) in a case falling within Clauses 5.7(a) or 5.7(b), the Lenders’ obligations to make the Advance; (b) in a case falling within Clause 5.7(c), the Affected Lender’s obligation to participate in the Advance; shall be suspended while the circumstances referred to in the Agent’s notice continue.
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Suspension of drawdown. If the Agent’s notice under Clause 6.5 is served before the Loan is made: (a) in a case falling within Clauses 6.5(a) or 6.5(b), the Lenders’ obligations to make the Loan; (b) in a case falling within Clause 6.5(c), the Affected Lender’s obligation to participate in the Loan; shall be suspended while the circumstances referred to in the Agent’s notice continue.
Suspension of drawdown. If the Agent’s notice under Clause 5.8 is served before an Advance is made: (a) in a case falling within Clauses 5.7(a) or 5.7(b), the Lenders’ obligations to make the Advance; and (b) in a case falling within Clause 5.7(c), the Affected Lender’s obligation to participate in the Advance, shall be suspended while the circumstances referred to in the Agent’s notice continue.
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before the Loan is made, the Lender’s obligation to make the Loan shall be suspended while the circumstances referred to in the Lender’s notice continue.
Suspension of drawdown. If the Lender's notice under Clause 4.4 is served before an Advance is made, the Lender's obligation to make the Advance shall be suspended while the circumstances referred to in the Lender's notice continue.
Suspension of drawdown. If the Agent’s notice under Clause 5.8 is served before a Tranche is made: (a) in a case falling within Clauses 5.7(a) or 5.7(b), the Lenders’ obligations to make the Tranche; and (b) in a case falling within Clause 5.7(c), the Affected Lender’s obligation to participate in the Tranche, shall be suspended while the circumstances referred to in the Agent’s notice continue.
Suspension of drawdown. If the Facility Agent’s notice under Clause 4.5 is served before the Advance is made, then while the circumstances referred to in the Facility Agent’s notice continue: (a) in the case of Clause 4.5(a) or (b), each Lender’s obligation to make its Ratable Portion of the Advance; and (b) in the case of Clause 4.5(c), the Affected Lender’s obligation to make its Ratable Portion of the Advance, shall be suspended while the circumstances referred to in the Facility Agent’s notice continue.
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Suspension of drawdown. If a Suspension Notice is given by the Agent before the advance of any of the Facility in accordance with Clause 2 then the Agent shall not be obliged to advance the Facility until notice to the contrary is given by the Agent. During the period of thirty (30) days from the giving of such Suspension Notice, the Agent and any Lender affected by the relevant market disturbance shall consult in good faith with the Borrower with a view to agreeing to an alternative basis for advancing of the Facility or any relevant part thereof. If such alternative basis is agreed between the Borrower, the Agent, the relevant Lender or Lenders and Hermes, it shall apply in accordance with its terms and, if not, the Facility or any relevant part thereof shall be made available to the Borrower in the other of the currencies of Dollars or Euro.
Suspension of drawdown. If the Lender's notice under Clause 4.4 is served before a Tranche is advanced, the Lender's obligation to advance that Tranche shall be suspended while the circumstances referred to in the Lender's notice continue.
Suspension of drawdown. If Clauses 5.5 or 5.7 apply before the Loan is made the Lenders’ obligations to make the Loan shall be suspended while the circumstances referred to in the Agent’s notice continue.
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