Common use of SUSPENSION OF LENDER'S OBLIGATIONS Clause in Contracts

SUSPENSION OF LENDER'S OBLIGATIONS. Without prejudice to the rights which arise out of this Agreement or by law, the occurrence of a Default or Event of Default shall, while such Default or Event of Default shall be continuing, relieve the Lenders of all obligations to make any Advances hereunder (whether or not any notice in respect of any such Advance shall have been received by the Agent prior to the occurrence of a Default or Event of Default) or to accept or comply with any notice or to convert any Advance into a B/A Advance or a Libor Advance (except, provided no Event of Default has occurred and is continuing, a conversion permitted by the Agent in its discretion in accordance with the provisions of Section 6.4) or to accept any notice in respect of a rollover of a Libor Advance, B/A or a B/A Equivalent Loan or accept or purchase drafts or B/As in replacement of maturing B/As.

Appears in 3 contracts

Samples: Credit Agreement (Hudbay Minerals Inc.), Assignment and Assumption (HudBay Minerals Inc.), Assignment and Assumption (HudBay Minerals Inc.)

AutoNDA by SimpleDocs

SUSPENSION OF LENDER'S OBLIGATIONS. Without prejudice to the rights which arise out of this Agreement or by law, the occurrence of a Default or Event of Default shall, while such Default or Event of Default shall be continuing, relieve the Lenders of all obligations to make any Advances hereunder (whether or not any notice in respect of any such Advance shall have been received by the Agent prior to the occurrence of a Default or Event of Default) or to accept or comply with any notice or to convert any Advance into a B/A Advance or a Libor Advance (except, provided no Event of Default has occurred and is continuing, a conversion permitted by the Agent in its discretion in accordance with the provisions of Section 6.4) or to accept any notice in respect of a rollover of a Libor Advance, B/A or a B/A Equivalent Loan or accept or purchase drafts or B/As in replacement of maturing B/As.

Appears in 1 contract

Samples: Credit Agreement (Hudbay Minerals Inc.)

SUSPENSION OF LENDER'S OBLIGATIONS. Without prejudice to the rights which arise out of this Agreement or by law, the occurrence of a Default or Event of Default shall, while such Default or Event of Default shall be continuing, relieve the Lenders of all obligations to make any Advances hereunder (whether or not any notice in respect of any such Advance shall have been received by the Agent prior to the occurrence of a Default or Event of Default) or to accept or comply with any notice or to convert any Advance into a B/A Advance or a Libor Advance (except, provided no Event of Default has occurred and is continuing, a conversion permitted by the Agent in its discretion in accordance with the provisions of Section 6.46.5) or to accept any notice in respect of a rollover of a Libor Advance, B/A Advance or a B/A Equivalent Loan BA Advance or accept or purchase drafts or B/As in replacement of maturing B/As.

Appears in 1 contract

Samples: Credit Agreement (HudBay Minerals Inc.)

SUSPENSION OF LENDER'S OBLIGATIONS. Without prejudice to the rights which arise out of this Agreement or by law, the occurrence of a Default or Event of Default shall, while such Default or Event of Default shall be continuing, relieve the Lenders of all obligations to make any Advances hereunder (whether or not any notice in respect of any such Advance shall have been received by the Agent prior to the occurrence of a Default or Event of Default) or to accept or comply with any notice or to convert any Advance into a B/A Advance or a Libor LIBOR Advance (except, provided no Event of Default has occurred and is continuing, a conversion permitted by the Agent in its discretion in accordance with the provisions of Section 6.4) or to accept any notice in respect of a rollover of a Libor Advance, LIBOR Advance or B/A or a B/A Equivalent Loan Advance or accept or purchase drafts or B/As in replacement of maturing B/As.. Amended and Restated Credit Agreement - Maverix

Appears in 1 contract

Samples: Credit Agreement (Maverix Metals Inc.)

SUSPENSION OF LENDER'S OBLIGATIONS. Without prejudice to the rights which arise out of this Agreement or by law, the occurrence of a Default or Event of Default shall, while such Default or Event of Default shall be continuing, relieve the Lenders of all obligations to make any Advances hereunder (whether or not any notice in respect of any such Advance shall have been received by the Agent prior to the occurrence of a Default or Event of Default) or to accept or comply with any notice or to convert any Advance into a B/A Advance or a Libor Advance (except, provided no Event of Default has occurred and is continuing, a conversion permitted by the Agent in its discretion in accordance with the provisions of Section 6.4) or to accept any notice in respect of a rollover of a Libor Advance, B/A Advance or a B/A Equivalent Loan BA Advance or accept or purchase drafts or B/As in replacement of maturing B/As.

Appears in 1 contract

Samples: Credit Agreement (HudBay Minerals Inc.)

AutoNDA by SimpleDocs

SUSPENSION OF LENDER'S OBLIGATIONS. Without prejudice to the rights which arise out of this Agreement or by law, the occurrence of a Default or Event of Default shall, while such Default or Event of Default shall be continuing, relieve the Lenders of all obligations to make any Advances hereunder (whether or not any notice in respect of any such Advance shall have been received by the Agent prior to the occurrence of a Default or Event of Default) or to accept or comply with any notice or to convert any Advance into a B/A Advance or a Libor SOFR Advance (except, provided no Event of Default has occurred and is continuing, a conversion permitted by the Agent in its discretion in accordance with the provisions of Section 6.4) or to accept any notice in respect of a rollover of a Libor SOFR Advance, B/A or a B/A Equivalent Loan or accept or purchase drafts or B/As in replacement of maturing B/As.

Appears in 1 contract

Samples: Credit Agreement (Hudbay Minerals Inc.)

SUSPENSION OF LENDER'S OBLIGATIONS. Without prejudice to the rights which arise out of this Agreement or by law, the occurrence of a Default or Event of Default shall, while such Default or Event of Default shall be continuing, relieve the Lenders of all obligations to make any Advances hereunder (whether or not any notice in respect of any such Advance shall have been received by the Agent prior to the occurrence of a Default or Event of Default) or to accept or comply with any notice or to convert any Advance into a B/A Advance or a Libor LIBOR Advance (except, provided no Event of Default has occurred and is continuing, a conversion permitted by the Agent in its discretion in accordance with the provisions of Section 6.4) or to accept any notice in respect of a rollover of a Libor Advance, LIBOR Advance or B/A or a B/A Equivalent Loan Advance or accept or purchase drafts or B/As in replacement of maturing B/As.

Appears in 1 contract

Samples: Credit Agreement (Maverix Metals Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.