Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuing, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers of any of the Obligations.
Appears in 7 contracts
Samples: Credit Agreement (Barnes Group Inc), Senior Unsecured Revolving Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes Group Inc)
Termination of Commitments. If any one or more of the Events Event of Default specified in pursuant to §13.1(g§ 12.1(g) or §13.1(h12.1(h) hereof shall occur and be continuingwith respect to the Borrower or the Guarantor, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each the Banks and the Issuing Banks shall be relieved of all obligations to make Loans or to issue, extend or renew Letters of Credit hereunder; or if any other Event of Default shall occur, the Majority Banks may by notice to the Borrower terminate the unused portion of the Lenders Total Commitment hereunder, and, upon such notice being given, such unused portion of the Total Commitment hereunder shall terminate immediately and the Banks and the Issuing Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations or to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers Borrower of any of its existing Obligations to the ObligationsBanks, the Issuing Banks or the Administrative Agent hereunder or elsewhere.
Appears in 6 contracts
Samples: Revolving Credit Agreement (Waste Management Inc), Revolving Credit Agreement (Waste Management Inc), Revolving Credit Agreement (Waste Management Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, continuing the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 5 contracts
Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp)
Termination of Commitments. If any one or more of the Events of -------------------------- Default specified in §13.1(g(S)14.1(g) or §13.1(h(S)14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 5 contracts
Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)
Termination of Commitments. If any one or more of the Events Event of Default specified in §13.1(gpursuant to Sections 12.1(g) or §13.1(h12.1(h) hereof shall occur and be continuingoccur, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each the Banks and the Issuing Banks shall be relieved of all obligations to make Loans or to issue, extend or renew Letters of Credit hereunder; or if any other Event of Default shall occur, the Majority Banks may by notice to the Borrower terminate the unused portion of the Lenders Total Commitment hereunder, and, upon such notice being given, such unused portion of the Total Commitment hereunder shall terminate immediately and the Banks and the Issuing Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations or to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers Borrower of any of its existing Obligations to the ObligationsBanks, the Issuing Banks or the Administrative Agent hereunder or elsewhere.
Appears in 4 contracts
Samples: Quarterly Report, Quarterly Report, Revolving Credit Agreement (Waste Management Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(g) or §13.1(hSection 12.1(h) shall occur and be continuingoccur, any unused portion of the credit Commitments hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent and any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit not the conditions precedent to Lenders shall have accelerated the making maturity of the Loans pursuant to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfiedSection 12.1, the Administrative Agent may andmay, and upon the request of the Required Lenders, Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and Loans, the Administrative Agent and any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No such termination of the credit hereunder shall relieve the Borrowers Borrower or any Guarantor of any of the ObligationsObligations or any of its existing obligations to the Lenders arising under other agreements or instruments.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Mack Cali Realty Corp), Revolving Credit Agreement (Mack Cali Realty Corp), Revolving Credit Agreement (Mack Cali Realty L P)
Termination of Commitments. If any one or more of the Events of Default specified in §§13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrowers and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Revolving Lenders shall be relieved of all further obligations to make Revolving Credit Loans, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrowers and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers any Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 3 contracts
Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Revolving Lenders shall be relieved of all further obligations to make Revolving Credit Loans, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 3 contracts
Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)
Termination of Commitments. If any one or more of the Events Event of Default specified in pursuant to §13.1(g) or §13.1(h) hereof shall occur and be continuingoccur, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each of the Lenders Banks and the Agents shall be relieved of all further obligations to make Loans or to the Borrowers accept and purchase Bankers’ Acceptances hereunder and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If ; or if any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfiedoccur, the Administrative Agent Majority Banks may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, Borrowers terminate the unused portion of the credit Total Commitment hereunder, and and, upon such notice being given given, such unused portion of the credit Total Commitment hereunder shall terminate immediately and each of the Lenders Banks and the Agents shall be relieved of all further obligations to make Loans or to accept and purchase Bankers’ Acceptances and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers of any of their existing Obligations to the ObligationsBanks, the Issuing Bank or the Agents hereunder or elsewhere.
Appears in 3 contracts
Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g12.1(g) or §13.1(h12.1(h) with respect to the Borrower or MCRC shall occur and be continuingoccur, any unused portion of the credit Commitments hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent and any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit not the conditions precedent to Lenders shall have accelerated the making maturity of the Loans pursuant to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied§12.1, the Administrative Agent may andwith the consent of the Required Lenders may, and upon the request of the Required Lenders, Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and Loans, the Administrative Agent and any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No such termination of the credit hereunder shall relieve the Borrowers Borrower or any Guarantor of any of the ObligationsObligations or any of its existing obligations to the Lenders arising under other agreements or instruments.
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty L P)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g), §13.1(h) or §13.1(h13.1(j) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Revolving Lenders shall be relieved of all further obligations to make Revolving Credit Loans, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (CAI International, Inc.), Revolving Credit and Term Loan Agreement (CAI International, Inc.), Revolving Credit and Term Loan Agreement (CAI International, Inc.)
Termination of Commitments. If any one or more of the Events of -------------------------- Default specified in §13.1(g(S)14.1(g), (S)14.1(h) or §13.1(h(S)14.1(j) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Acquisition Loan Agreement (Jackson Products Inc)
Termination of Commitments. If any one or more of the Events Event of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew issue Letters of Credit. If Credit for the account of any other Event of Default shall have occurred and be continuing, the Borrowers; or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter issuance of any Letters of Credit to be issued on such other date are not satisfiedsatisfied (except as a consequence of a default on the part of the Banks), the Administrative Agent Banks may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit Total Commitment hereunder, and upon such notice Notice being given given, such unused portion of the credit Total Commitment hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew issue Letters of CreditCredit for the account of the Borrowers hereunder. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers of any of their existing Obligations to the ObligationsBanks hereunder or elsewhere.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Casella Waste Systems Inc), Revolving Credit Agreement (Superior Services Inc), Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §§13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice in writing to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the ObligationsObligations other than Commitment Fees not yet accrued.
Appears in 2 contracts
Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (Seacastle Inc.)
Termination of Commitments. If any one or more Event of Default shall occur, the Administrative Agent may, and at the request of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingRequired Revolving Credit Lenders shall, any by notice to the Borrowers, terminate the unused portion of the credit Total Commitment hereunder, and upon such notice being given, such unused portion of the Total Commitment hereunder shall forthwith terminate immediately and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If Credit for the account of the Borrowers hereunder, PROVIDED THAT in the event of any other Event of Default shall have occurred and be continuingspecified in ss.ss.13(g), 13(h) or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied13(j), the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, Total Commitment shall forthwith terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of CreditCredit automatically and without any requirement of notice from the Administrative Agent, the Issuing Bank or any Lender. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers of any of their existing Obligations to the ObligationsRevolving Credit Lenders hereunder or elsewhere.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Nationsrent Inc), Revolving Credit and Term Loan Agreement (Nationsrent Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 14.1(g) or §13.1(hSection 14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/), Revolving Credit and Term Loan Agreement (Flextronics International LTD)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(h), Section 12.1(i) or §13.1(hSection 12.1(k) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of CreditBorrower. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersBanks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and Loans. If any such notice is given to the Administrative Borrower, the Agent shall be relieved will forthwith furnish a copy thereof to each of all further obligations to issue, extend or renew Letters of Creditthe Banks. No termination of the credit hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Silverleaf Resorts Inc), Revolving Credit Agreement (Silverleaf Resorts Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g§11.1(g) or §13.1(h11.1(h) hereof shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower of any of the Obligations.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Staples Inc), Revolving Credit Agreement (Staples Inc)
Termination of Commitments. If any one or more of the Events Event of Default specified in §pursuant to Sections 13.1(g) or §13.1(h) hereof shall occur and be continuingoccur, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each the Banks and the Issuing Banks shall be relieved of all obligations to make Loans or to issue, extend or renew Letters of Credit hereunder; or if any other Event of Default shall occur, the Majority Banks may by notice to the Borrower terminate the unused portion of the Lenders Total Commitment hereunder, and, upon such notice being given, such unused portion of the Total Commitment hereunder shall terminate immediately and the Banks and the Issuing Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations or to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers Borrower of any of its existing Obligations to the ObligationsBanks, the Issuing Banks or the Administrative Agent hereunder or elsewhere.
Appears in 2 contracts
Samples: Loan Agreement (Waste Management Holdings Inc), Loan Agreement (Waste Management Holdings Inc)
Termination of Commitments. If any one or more of the Events Event of Default specified in §13.1(gpursuant to Sections 12.1(g) or §13.1(h12.1(h) hereof shall occur and be continuingwith respect to the Borrower or the Guarantor, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each the Banks and the Issuing Banks shall be relieved of all obligations to make Loans or to issue, extend or renew Letters of Credit hereunder; or if any other Event of Default shall occur, the Majority Banks may by notice to the Borrower terminate the unused portion of the Lenders Total Commitment hereunder, and, upon such notice being given, such unused portion of the Total Commitment hereunder shall terminate immediately and the Banks and the Issuing Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations or to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers Borrower of any of its existing Obligations to the ObligationsBanks, the Issuing Banks or the Administrative Agent hereunder or elsewhere.
Appears in 2 contracts
Samples: Quarterly Report, Revolving Credit Agreement (Waste Management Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit Commitments hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent LC Issuers shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent LC Issuers shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit any Commitments hereunder shall relieve the Borrowers Obligors or any of their Subsidiaries of any of the Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gss.14.1(g), ss.14.1(h), ss.14.1(j) or §13.1(h14.1(q) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter Letters of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any such notice is given to the Borrower the Agent will forthwith furnish a copy thereof to each of the Banks. No termination of the credit hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 2 contracts
Samples: Credit Agreement (HPSC Inc), Credit Agreement (HPSC Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit Commitments hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit Commitments hereunder shall relieve the Borrowers Borrower or any of the other Transaction Parties of any of the Obligations.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Charlotte Russe Holding Inc), Revolving Credit Agreement (Charlotte Russe Holding Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the Commitments or other commitments to extend credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent and any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit not the conditions precedent to Banks shall have accelerated the making maturity of the Loans pursuant to be made on such Drawdown Date or (as the case may be) to issuing§14.1, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shallany Bank may, by notice to the BorrowersBorrower, terminate the unused portion of the that Bank’s Commitment or other commitment to extend credit hereunder, and upon such notice being given such unused portion of the credit hereunder such Commitment or other commitment shall terminate immediately and each of the Lenders immediately, such Bank shall be relieved of all further obligations to make Loans Loans, the Agent and the Administrative Agent any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of CreditCredit and the Total Commitments shall be reduced accordingly. No such termination of the a Commitment or other commitment to extend credit hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to such Bank arising under other agreements or instruments.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Boston Properties Inc), Revolving Credit Agreement (Boston Properties Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit Commitments, the Swingline Commitment and the obligation of the Administrative Agent to issue Letters of Credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all obligations to make Loans to the Borrowers, the Swingline Lender shall be relieved of all further obligations to make Loans to the Borrowers Swingline Loans, and the Administrative Agent shall be relieved of all further obligations its obligation to issue, extend or renew issue Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit not the conditions precedent to Lenders shall have accelerated the making maturity of the Loans pursuant to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied§13.1, the Administrative Agent may andmay, and upon the request of the Required Lenders, Revolving Credit Lenders shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans Loans, the Swingline Lender shall be relieved of all further obligations to make Swingline Loans, and the Administrative Agent shall be relieved of all further obligations its obligation to issue, extend or renew issue Letters of Credit. No such termination of the credit hereunder shall relieve the Borrowers any Borrower or any Guarantor of any of the ObligationsObligations or any of its existing obligations to the Lenders arising under other agreements or instruments.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Life Storage Lp), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g§12.1(g), 12.1(h) or §13.1(h12.1(p)(ii) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Banks shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Banks shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Waste Industries Usa Inc), Revolving Credit Agreement (Waste Industries Usa Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 11.1(h) or §13.1(hSection 11.1(i) shall occur and be continuingoccur, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of CreditBorrower. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may with the consent of the Majority Banks and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Total Commitment hereunder, and upon such notice being given such unused portion of the credit Total Commitment hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and Loans. If any such notice is given to the Borrower, the Administrative Agent shall be relieved will forthwith furnish a copy thereof to each of all further obligations to issue, extend or renew Letters of Creditthe Banks. No termination of the credit Total Commitment hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Alliance Capital Management L P), Revolving Credit Agreement (Alliance Capital Management Lp Ii)
Termination of Commitments. If any one or more of the Events of -------------------------- Default specified in §13.1(gSection 10.1(h) or §13.1(hSection 10.1(i) shall occur and be continuingoccur, any unused portion of the credit Total Commitments hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of CreditBorrower. If any other Event of Default shall have occurred and be continuingoccurred, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may with the consent of the Majority Banks and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Total Commitment hereunder, and upon such notice being given such unused portion of the credit Total Commitment hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and Loans. If any such notice is given to the Borrower, the Administrative Agent shall be relieved will forthwith furnish a copy thereof to each of all further obligations to issue, extend or renew Letters of Creditthe Banks. No termination of the credit Total Commitment hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 2 contracts
Samples: Short Term Credit Agreement (Pimco Advisors Holdings Lp), Long Term Credit Agreement (Pimco Advisors Holdings Lp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gss.14.1(g), ss.14.1(h) or §13.1(hss.
14.1 (j) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Marcam Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder Total Commitment shall forthwith automatically terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunderTotal Commitment, and upon such notice being given such unused portion of the credit Total Commitment hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder Total Commitment shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the its existing Obligations.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Michaels Stores Inc), Revolving Credit Agreement (Michaels Stores Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §§13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice in writing to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the ObligationsObligations other than Commitment Fees not yet accrued.
Appears in 2 contracts
Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (SeaCube Container Leasing Ltd.)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 13.1(h) or §13.1(hSection 13.1(i) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gsec.14.1(g) or §13.1(hsec.
14.1 (h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower, the Guarantors or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Dynatech Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g(Sections)14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers any Borrower of any of the its Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Lexmark International Inc /Ky/)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 15.1(g), Section 15.1(h) (insofar as it relates to the Parent, the Borrower or any Significant Subsidiary) or §13.1(hSection 15.1(j) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately (except as otherwise provided for the Second Closing) and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any such notice is given to the Borrower the Administrative Agent will forthwith furnish a copy thereof to each of the Banks. No termination of the credit hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Bell Sports Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit Credit, the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, SuperMajority Revolving Credit Lenders shall, by notice to the Borrowers’ Representative, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder and the Commitments shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Banks shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Banks shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve any of the Borrowers or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(g) or §13.1(hSection 12.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, Majority Lenders shall, by notice to the BorrowersBorrowers specifying the applicable Event of Default or Events of Default, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further 89 -83- obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers of any of the ObligationsObligations or, without in any way limiting any rights of any of the Agent or the Lenders to exercise any remedies available to them hereunder or under any of the other Loan Documents or at law or in equity, or relieve the Agent or any Lender of common law, if any, or contractual confidentiality obligations to the Borrowers.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §ss 13.1(g) or §ss 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter Letters of Credit the conditions precedent to the making of the Revolving Credit Loans to be made on such Drawdown Date or (or, as the case may be) , to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the ObligationsObligations or any of its existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 13.01(g) or §13.1(hSection 13.01(h) shall occur and be continuing, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers of any of the Obligations.
Appears in 1 contract
Samples: Credit Agreement (Barnes Group Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g), 13.1(h) or §13.1(h13.1(j) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, and upon the request of the Required LendersMajority Banks, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any such notice is given to the Borrowers the Agent will forthwith furnish a copy thereof to each of the Banks. No termination of the credit hereunder shall relieve either of the Borrowers of any of the ObligationsObligations or any of their existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 1 contract
Samples: Revolving Credit Agreement (Trico Marine Services Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSections 14.1(g), 14.1(h) or §13.1(h14.1(t) above shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may andmay, and upon the request of the Required Lenders, Majority Banks shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given given, such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any such notice is given to the Borrower, the Administrative Agent will forthwith furnish a copy thereof to each of the Banks. No termination of the credit hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Fargo Electronics Inc)
Termination of Commitments. If any one or more of the Events Event of Default specified in §13.1(gpursuant to -------------------------- (S)(S)
15.1 (h) or §13.1(h15.1
(i) hereof shall occur and be continuingoccur, any unused portion of the credit hereunder Total Commitment shall forthwith terminate and each the Lenders, the Managing Agent, and the Issuing Lender shall be relieved of all obligations to make Loans to or to issue, extend or renew Letters of Credit for the account of the Borrower; or if any other Event of Default shall occur, the Majority Lenders may by notice to the Borrower terminate the unused portion of the Total Commitment hereunder, and, upon such notice being given, such unused portion of the Total Commitment hereunder shall terminate immediately and the Lenders, the Managing Agent, and the Issuing Lender shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations or to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date Credit for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfiedaccount of, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit Borrower hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers Borrower of any of its existing Obligations to the ObligationsLenders, the Issuing Lender, or the Agents hereunder or elsewhere.
Appears in 1 contract
Samples: Multicurrency Credit Agreement (United States Filter Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers of any of the Obligations.
Appears in 1 contract
Samples: Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)
Termination of Commitments. If any one or more of the Events Event of Default specified in §13.1(gpursuant to ----------- -- ----------- (S)(S)12.1(g) or §13.1(h12.1(h) hereof shall occur and be continuingoccur, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each the Lenders and the Managing Agent shall be relieved of all obligations to make Loans to or to issue, extend or renew Letters of Credit for the account of the Borrowers; or if any other Event of Default shall occur, the Majority Banks may by notice to the Borrower terminate the unused portion of the Total Commitment hereunder, and, upon such notice being given, such unused portion of the Total Commitment hereunder shall terminate immediately and the Lenders and the Managing Agent shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations or to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date Credit for issuing, extending or renewing any Letter of Credit the conditions precedent to the making account of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit Borrowers hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers of any of their existing Obligations to the ObligationsLenders or the Agents hereunder or elsewhere.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Agreement (United States Filter Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(g) or §13.1(hSection 12.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall 57 -50- have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Revolving Credit Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Flextronics International LTD)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 13.1(h) or §13.1(hSection 13.1(i) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Revolving Credit Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, shall upon the request of the Required Lenders, shall, Majority Banks by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve HBOC, the Borrowers Borrower or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSections 14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, issue or extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, issuing or extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, issuing or extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, issue or extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers any Borrower of any of the its Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur occur, or if any of the obligations of the Borrowers under the Debentures shall be declared due and be continuingpayable before the stated maturity thereof (other than pursuant to a voluntary redemption thereof by the Borrowers, or either of them), any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, Majority Lenders shall, by notice to the BorrowersBorrowers specifying the applicable Event of Default or Events of Default, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers of any of the ObligationsObligations or, without in any way limiting any rights of any of the Agent or the Lenders to exercise any remedies available to them hereunder or under any of the other Loan Documents or at law or in equity, any Lender of common law, if any, or contractual confidentiality obligations to the Borrowers.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (CAI International, Inc.)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g), §13.1(h) or §13.1(h13.1(j) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gss.13.1(g) or §13.1(hss.13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Revolving Credit Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g§14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, issue or extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, issuing or extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, issuing or extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, issue or extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers any Borrower of any of the its Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g12.1(g) or §13.1(h12.1(h) shall occur and be continuingoccur, any unused portion of the credit Commitments hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent and any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit not the conditions precedent to Lenders shall have accelerated the making maturity of the Loans pursuant to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied§12.1, the Administrative Agent may andwith the consent of the Required Lenders may, and upon the request of the Required Lenders, Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and Loans, the Administrative Agent and any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No such termination of the credit hereunder shall relieve the Borrowers Borrower or any Guarantor of any of the ObligationsObligations or any of its existing obligations to the Lenders arising under other agreements or instruments.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 11.1(g) or §13.1(hSection 11.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of CreditBorrower. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and Loans. If any such notice is given to the Administrative Borrower the Agent shall be relieved will forthwith furnish a copy thereof to each of all further obligations to issue, extend or renew Letters of Creditthe Banks. No termination of the credit hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to any of the Banks arising under other agreements or instruments.
Appears in 1 contract
Samples: Revolving Credit Agreement (New England Business Service Inc)
Termination of Commitments. If any one or more of the Events Event of Default specified in §13.1(gpursuant to (S)(S)14.1(h) or §13.1(h14.1(i) hereof shall occur and be continuingoccur, any unused portion of the credit hereunder Total Commitment shall forthwith terminate and each the Lenders, the Managing Agent, and the Issuing Lenders shall be relieved of all obligations to make Loans to or to issue, extend or renew Letters of Credit for the account of the Borrowers; or if any other Event of Default shall occur, the Majority Lenders may by notice to the Borrower terminate the unused portion of the Total Commitment hereunder, and, upon such notice being given, such unused portion of the Total Commitment hereunder shall terminate immediately and the Lenders, the Managing Agent, and the Issuing Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations or to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date Credit for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfiedaccount of, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit Borrowers hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers of any of their existing Obligations to the ObligationsLenders, the Issuing Lenders, or the Agents hereunder or elsewhere.
Appears in 1 contract
Samples: Multicurrency Credit Agreement (United States Filter Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Friendly Ice Cream Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 14.1(g) or §13.1(hSection 14.1(h) shall occur and be continuingoccur, any unused portion of the credit Commitments hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers any Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to Agent may with the making consent of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may Majority Banks and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersParent, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Parent or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Sensormatic Electronics Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSECTIONS 14.1(G), 14.1(H) or §13.1(h14.1(J) above shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, Majority Lenders shall, by written notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Holding Company or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (CRC Evans International Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Majority Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Guarantor, Borrower or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gss.14.1(g) or §13.1(hss.
14.1 (h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve any of the Borrowers or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Furrs Restaurant Group Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(f) or §13.1(hSection 12.1(g) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 14.1(g) or §13.1(hSection 14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Banks shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunderTotal Commitment, and upon such notice being given such unused portion of the credit hereunder Total Commitment shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Banks shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder Total Commitment shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the ObligationsObligations then or thereafter outstanding.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Aviall Inc)
Termination of Commitments. If any one or more of the Events of -------------------------- Default specified in §13.1(gss.ss.13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Restricted Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower of any of the Obligations.
Appears in 1 contract
Samples: Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrowers and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Revolving Lenders shall be relieved of all further obligations to make Revolving Credit Loans, the Swing Line Lender shall be relieved of all further obligations to make Swing Line Loans to the Borrowers and the Administrative Agent L/C Issuer shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers any Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (CAI International, Inc.)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gsec.14.1(g) or §13.1(hsec.
14.1 (h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Guarantor, Borrower or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Filenes Basement Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 13.1(h) or §13.1(hSection 134.1(i) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Iesi Tx Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g(S)13.1(g) or §13.1(h(h) shall occur and be continuingoccur, any unused portion of the credit Commitments hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Majority Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit Commitments hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Blue Steel Capital Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §Sections 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of CreditCredit and to accept and/or purchase Bankers' Acceptances from the Borrower. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Revolving Credit Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of CreditCredit and to accept and/or purchase Bankers' Acceptances. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Flextronics International LTD)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 15.1(g), Section 15.1(h), 15.1(j) or §13.1(hSection 15.1(k) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g), §13.1(h) or §13.1(h13.1(k) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Seneca Foods Corp /Ny/)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 14.1(g) or §13.1(hSection 14.1(h) shall occur and be continuingoccur, any unused portion of the Commitments or other commitments to extend credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent and any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit not the conditions precedent to Banks shall have accelerated the making maturity of the Loans pursuant to be made on such Drawdown Date or (as the case may be) to issuingSection 14.1, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shallany Bank may, by notice to the BorrowersBorrower, terminate the unused portion of the that Bank's Commitment or other commitment to extend credit hereunder, and upon such notice being given such unused portion of the credit hereunder such Commitment or other commitment shall terminate immediately and each of the Lenders immediately, such Bank shall be relieved of all further obligations to make Loans Loans, the Agent and the Administrative Agent any Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of CreditCredit and the Total Commitments shall be reduced accordingly. No such termination of the a Commitment or other commitment to extend credit hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to such Bank arising under other agreements or instruments.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g12.1(g), 12.1(h) or §13.1(h12.1(j) shall occur and be continuingoccur, any unused portion of the credit hereunder Commitments shall forthwith automatically terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent Agents may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Total Commitment hereunder, and upon such notice being given such unused portion of the credit Total Commitment hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit Total Commitment hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSections 11.1(g) or §13.1(h11.1(h) hereof shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the -------------------------- Events of Default specified in §13.1(g(S)14.1(j), (S)14.1(k) or §13.1(h(S)14.1(m) (but only as (S)14.1(m) pertains to the acceleration of the Senior Notes or the Discount Notes) shall occur and be continuingoccur, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, Majority Banks shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Total Commitment hereunder, and upon such notice being given such unused portion of the credit Total Commitment hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit Total Commitment hereunder shall relieve Holdings, the Borrowers Borrower or any of its Subsidiaries of any of the ObligationsObligations (other than as provided in (S)2.3).
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Petro Stopping Centers L P)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Revolving Credit Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Revolving Credit Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Republic Engineered Steels Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 12.1(g) or §13.1(hSection 12.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Fronting Bank shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, (i) terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Fronting Bank shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of CreditCredit and (ii) require the Borrower to Cash Collateralize the Maximum Drawing Amount of the outstanding Letters of Credit and the Unpaid Reimbursement Obligations. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events an Event of Default specified in §13.1(g) or §Sections 13.1(h) shall occur and be continuingoccur, any unused portion of the credit Commitments hereunder shall forthwith automatically terminate, each Issuing Lender’s obligation to issue or extend any Letter of Credit under Section 3 shall automatically terminate (and the Borrower shall cash collateralize all outstanding Letters of Credit in accordance with Section 3.3), and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Creditamounts outstanding hereunder will automatically and immediately become due and payable. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, and upon the request of the Required Lenders, Majority Lenders shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit Commitments hereunder, and upon such notice being given such unused portion of the credit Commitments hereunder shall terminate immediately immediately, each Issuing Lender’s obligation to issue or extend any Letter of Credit under Section 3 shall automatically terminate (and the Borrower shall cash collateralize all outstanding Letters of Credit in accordance with Section 3.3) and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of CreditLoans. No termination of the credit Commitments hereunder shall relieve the Borrowers Borrower of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of -------------------------- Default specified in §13.1(g(S)(S)14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers any Borrower of any of the its Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 14.1(g) or §13.1(hSection 14.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Buca Inc /Mn)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gss.14.1(g) or §13.1(hss.
14.1 (h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Western Digital Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Banks shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Banks shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve any of the Borrowers or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingshAll occur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Lender shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more Event of Default shall occur, the Administrative Agent may, and at the request of the Events of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingRequired Revolving Credit Lenders shall, any by notice to the Borrowers, terminate the unused portion of the credit Total Commitment hereunder, and upon such notice being given, such unused portion of the Total Commitment hereunder shall forthwith terminate immediately and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If Credit for the account of the Borrowers hereunder, provided that in the event of any other Event of Default shall have occurred and be continuingspecified in ss.ss.13(g), 13(h) or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied13(j), the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, Total Commitment shall forthwith terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Revolving Credit Lenders shall be relieved of all further obligations to make Revolving Credit Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of CreditCredit automatically and without any requirement of notice from the Administrative Agent or any Lender. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers of any of their existing Obligations to the ObligationsRevolving Credit Lenders hereunder or elsewhere.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Nationsrent Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g14.1(g), §14.1(h), 14.1(j) or §13.1(h14.1(k) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 17.1(g) or §13.1(hSection 17.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers Borrower, the Swing Line Bank shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required LendersMajority Banks, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrower, the Swing Line Bank shall be relieved of all further obligations to make Swing Line Loans to the Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve any of the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mercury Air Group Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gSection 14.1(g), Section 14.1(h) or §13.1(hSection 14.1(j) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Il Fornaio America Corp)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g14.1(g) or §13.1(h14.1(h) shall occur and be continuingoccur, any unused portion of the Commitments or other commitments to extend credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent and the Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, whether or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit not the conditions precedent to Lenders shall have accelerated the making maturity of the Loans pursuant to be made on such Drawdown Date or (as the case §14.1, any Lender may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the that Lender’s Commitment or other commitment to extend credit hereunder, and upon such notice being given such unused portion of the credit hereunder such Commitment or other commitment shall terminate immediately and each of the Lenders immediately, such Lender shall be relieved of all further obligations to make Loans and the Administrative Agent Fronting Bank shall be relieved of all further obligations to issue, extend or renew Letters of CreditCredit and the Total Commitments shall be reduced accordingly. No such termination of the a Commitment or other commitment to extend credit hereunder shall relieve the Borrowers Borrower of any of the ObligationsObligations or any of its existing obligations to such Lender arising under other agreements or instruments.
Appears in 1 contract
Samples: Revolving Credit Agreement (First Potomac Realty Trust)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g), Section 13.1(h) or §13.1(hSection 13.1(j) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations, if any, to make Loans to the Borrowers, London Branch shall be relieved of all further obligations to make Loans to issue the Borrowers Tender Guaranty, and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other any date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, and upon the request of the Required LendersMajority Banks, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans Loans, London Branch shall be relieved of all further obligations to issue the Tender Guaranty, and the Administrative Agent shall be relieved of all further obligations obligations, if any, to issue, extend or renew Letters of Credit. If any such notice is given to the Borrowers the Agent will forthwith furnish a copy thereof to each of the Banks. No termination of the credit hereunder shall relieve either of the Borrowers of any of the ObligationsObligations or any of their existing obligations to any of the Banks arising under any other agreements or instruments.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Trico Marine Services Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(g12.1(g) or §13.1(h12.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent Fronting Bank shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, (i) terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Fronting Bank shall be relieved of all further obligations to issue, extend extend, amend or renew Letters of CreditCredit and (ii) require the Borrower to Cash Collateralize the Maximum Drawing Amount of the outstanding Letters of Credit and the Unpaid Reimbursement Obligations. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events Event of Default specified in §13.1(g) or §13.1(h) shall occur and be continuingoccur, any unused portion of the credit Total Commitment hereunder shall forthwith terminate and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew issue Letters of Credit. If any other Event of Default shall have occurred and be continuing, ; or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter issuance of any Letters of Credit to be issued on such other date are not satisfiedsatisfied (except as a consequence of a default on the part of the Banks), the Administrative Agent Banks may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit Total Commitment hereunder, and upon such notice Notice being given given, such unused portion of the credit Total Commitment hereunder shall terminate immediately and each of the Lenders Banks shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of any portion of the credit Total Commitment hereunder shall relieve the Borrowers of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §13.1(gss.14.1(g), ss.14.1(h) or §13.1(hss.
14.1 (j) shall occur and be continuingoccur, any unused portion of the credit cRedit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Majority Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve CML, any of the Borrowers or any of their Subsidiaries of any of the Obligations.
Appears in 1 contract
Termination of Commitments. If any one or more of the Events of Default specified in §ss. 13.1(g) or §ss. 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative either Bank Agent may and, upon the request of the Required Lenders, shall, by notice to the Borrowers, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent Issuing Bank shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve any of the Borrowers or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)
Termination of Commitments. If any one or more of the Events of Default specified in §Section 13.1(g) or §Section 13.1(h) shall occur and be continuingoccur, any unused portion of the credit hereunder shall forthwith terminate and each of the Lenders shall be relieved of all further obligations to make Loans to the Borrowers Borrower and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. If any other Event of Default shall have occurred and be continuing, or if on any Drawdown Date or other date for issuing, extending or renewing any Letter of Credit the conditions precedent to the making of the Loans to be made on such Drawdown Date or (as the case may be) to issuing, extending or renewing such Letter of Credit on such other date are not satisfied, the Administrative Agent may and, upon the request of the Required Lenders, shall, by notice to the BorrowersBorrower, terminate the unused portion of the credit hereunder, and upon such notice being given such unused portion of the credit hereunder shall terminate immediately and each of the Lenders shall be relieved of all further obligations to make Loans and the Administrative Agent shall be relieved of all further obligations to issue, extend or renew Letters of Credit. No termination of the credit hereunder shall relieve the Borrowers Borrower or any of its Subsidiaries of any of the Obligations.
Appears in 1 contract
Samples: Revolving Credit Agreement (Friendly Ice Cream Corp)