Common use of Terminate Obligation to Extend Credit Clause in Contracts

Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon written request of the Lenders holding at least one-third of the Percentage Interests the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the Borrowers.

Appears in 3 contracts

Samples: Credit Agreement (Pediatrix Medical Group Inc), Credit Agreement (Ameripath Inc), Credit Agreement (Pediatrix Medical Group Inc)

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Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon written request of the Required Lenders holding at least one-third of the Percentage Interests the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersParent; provided, however, that if a Bankruptcy Default has occurred, the obligations of the Lenders to make any further extensions of credit under the Credit Documents shall automatically terminate.

Appears in 2 contracts

Samples: Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD), Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD)

Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon Upon written request of ------------------------------------- the Lenders holding at least one-third of the Percentage Interests Required Lenders, the Agent shall) shall terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the Borrowers; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Credit Documents shall automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Westower Corp)

Terminate Obligation to Extend Credit. The Agent on behalf of ------------------------------------- the Lenders may (and upon written request of the Required Lenders holding at least one-third of the Percentage Interests the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the Borrowers.Borrower; provided, however, that if a Bankruptcy -------- ------- Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Credit Documents shall immediately terminate..

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon written request of the Lenders holding at least one-third of the Aggregate Percentage Interests in the Loan the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the Borrowers.Borrower; PROVIDED, HOWEVER, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Credit Documents shall immediately terminate..

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon written request of the Lenders holding at least one-third of the Aggregate Percentage Interests in the Loan the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

Terminate Obligation to Extend Credit. The Agent on behalf of ------------------------------------- the Lenders may (and upon written request of the Required Lenders holding at least one-third of the Percentage Interests the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersCompany.

Appears in 1 contract

Samples: Credit Agreement (Transmontaigne Oil Co)

Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon Upon written request of the Required Lenders holding at least one-third of the Percentage Interests the Agent shall) shall terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

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Terminate Obligation to Extend Credit. The Agent on ------------------------------------- behalf of the Lenders may (and upon written request of the Required Lenders holding at least one-third of the Percentage Interests the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersParent.

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD)

Terminate Obligation to Extend Credit. The Agent on ------------------------------------- behalf of the Lenders may (and upon written request of the Required Lenders holding at least one-third of the Percentage Interests the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersCompany.

Appears in 1 contract

Samples: Credit Agreement (Transmontaigne Inc)

Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon written request of the Required Lenders holding at least one-third of the Percentage Interests the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersParent; provided, however, that if a Bankruptcy Default has occurred, the obligations of the Lenders to make any further extensions of credit under the Credit Documents shall automatically terminate.

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD)

Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon Upon written ------------------------------------- request of the Lenders holding at least one-third of the Percentage Interests Required Lenders, the Agent shall) shall terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersCompany.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Terminate Obligation to Extend Credit. The Agent on behalf of the Lenders may (and upon Upon written request of ------------------------------------- the Lenders holding at least one-third of the Percentage Interests Required Lenders, the Agent shall) shall terminate the obligations of the Lenders to make any further extensions of credit under the Credit Documents by furnishing notice of such termination to the BorrowersCompany; provided, however, -------- ------- that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Credit Documents shall automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

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