Common use of Suspension or Abandonment Clause in Contracts

Suspension or Abandonment. The Borrower shall not (i) permit or suffer to exist an Event of Abandonment or (ii) order or consent to any suspension of work under any Facilities Document unless such action is approved by the Senior Lenders.

Appears in 1 contract

Samples: Loan Agreement (Advanced BioEnergy, LLC)

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Suspension or Abandonment. The Borrower shall not (i) permit or suffer to exist an Event of Abandonment or (ii) order or consent to any suspension of work under any Facilities Document unless such action is approved by Major Project Document, in each case without the Senior Lendersprior written consent of the Administrative Agent, which will not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Blocked Account Agreement (First United Ethanol LLC)

Suspension or Abandonment. The Borrower shall not (i) permit or suffer to exist an Event of Abandonment without the prior written approval of the Required Lenders or (ii) order or consent to any suspension of work under any Facilities Project Document unless such action is approved by without the Senior Lendersprior written approval of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Nova Biosource Fuels, Inc.)

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Suspension or Abandonment. The Borrower shall not (i) permit or suffer to exist an Event of Abandonment or (ii) order or consent to any suspension of work under any Facilities Document unless such action is approved by Major Project Document, in each case without the Senior Lendersprior written consent of the Administrative Agent.

Appears in 1 contract

Samples: Possession Credit Agreement (First United Ethanol LLC)

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