Common use of Suspension of Revolving Credit Clause in Contracts

Suspension of Revolving Credit. If, at any time or from time to time, any Borrower is in Default: (a) The Administrative Agent may, and at the direction of the SuperMajority Lenders shall, suspend the Revolving Credit immediately, in which event, neither the Administrative Agent nor any Revolving Credit Lender shall be obligated, during such suspension, to make any loans or advance to any Borrower, or to provide any financial accommodation hereunder or to seek the issuance of any L/C or of any Banker's Acceptance for the account of any Loan Party. Nothing contained herein shall limit the right of the Administrative Agent to make Protective OverAdvances or the obligation of the Revolving Credit Lenders with respect to SwingLine Loans, Protective OverAdvances, L/Cs and Banker's Acceptances during such suspension period. (b) The Administrative Agent may, and at the direction of the SuperMajority Lenders shall, suspend the right of the Lead Borrower to request any LIBOR Loan or to convert any Base Margin Loan to a LIBOR Loan.

Suspension of Revolving Credit. If, at any time or from time to time, any Borrower is in Default: (a) The Administrative Agent may, and at the direction of the SuperMajority Lenders shall, suspend the Revolving Credit immediately, in which event, neither the Administrative Agent nor any Revolving Credit Lender shall be obligated, during such suspension, to make any loans or advance to any Borrower, or to provide any financial accommodation hereunder or to seek the issuance of any L/C or of any Banker's Acceptance for the account of any Loan Party. Nothing contained herein shall limit the right of the Administrative Agent to make Protective OverAdvances or the obligation of the Revolving Credit Lenders with respect to SwingLine Loans, Protective OverAdvances, L/Cs and Banker's Acceptances during such suspension period. (b) The Administrative Agent may, and at the direction of the SuperMajority Lenders shall, suspend the right of the Lead Borrower to request any LIBOR Eurodollar Loan or to convert any Base Margin Loan to a LIBOR Eurodollar Loan.