Common use of Suspension of Voting Clause in Contracts

Suspension of Voting. The outstanding Loans held by such Defaulting Lender shall not be included in determining whether all Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 10.02), provided that any waiver, amendment or other modification requiring the consent of all Lenders or any waiver, amendment or other modification of the type described in clauses (i), (ii) and (iii) of paragraph (b) of Section 10.02 affecting such Defaulting Lender shall require the consent of such Defaulting Lender to the extent required by Section 10.02;

Appears in 2 contracts

Samples: Credit Agreement (IHS Markit Ltd.), Credit Agreement (IHS Markit Ltd.)

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Suspension of Voting. The Revolving Commitment, Revolving Exposure of, and the outstanding Term Loans held by by, such Defaulting Lender shall not be included in determining whether all Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 10.02), provided that any waiver, amendment or other modification requiring the consent of all Lenders or any waiver, amendment or other modification of the type described in clauses (i), (ii) and (iii) of paragraph (b) of Section 10.02 affecting such Defaulting Lender shall require the consent of such Defaulting Lender to the extent required by Section 10.02;

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

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Suspension of Voting. The Revolving Commitment, the Revolving Exposure, the Term Commitment and the Term Loans of, and the outstanding Competitive Loans held by by, such Defaulting Lender shall not be included in determining whether all the Required Lenders or any other requisite Lenders have taken or may take any action hereunder or under any other Loan Document (including any consent to any amendment amendment, waiver or waiver other modification pursuant to Section 10.028.02), provided that any waiveramendment, amendment waiver or other modification requiring the consent of all Lenders or any waiverall Lenders affected thereby shall, amendment or other modification of the type described except as otherwise provided in clauses (i)Section 8.02, (ii) and (iii) of paragraph (b) of Section 10.02 affecting such Defaulting Lender shall require the consent of such Defaulting Lender to in accordance with the extent required by Section 10.02terms hereof;

Appears in 1 contract

Samples: Credit Agreement (Leggett & Platt Inc)

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