Termination of Defaulting Lender Revolving Commitment. A Borrower may terminate the unused amount of the Revolving Commitment of a Defaulting Lender upon not less than three (3) Business Days’ prior notice to the Applicable Administrative Agent (which will promptly notify the Revolving Lenders of the same Class thereof), provided that such termination will not be deemed to be a waiver or release of any claim a Borrower, an Administrative Agent, an Issuing Bank or any Lender may have against such Defaulting Lender.
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Samples: Syndicated Facility Agreement (Civeo Corp), Syndicated Facility Agreement (Civeo Corp), Syndicated Facility Agreement (Civeo Corp)
Termination of Defaulting Lender Revolving Commitment. A Borrower The Borrowers may terminate the unused amount of the Revolving Commitment Commitments of a Defaulting Lender upon not less than three (3) Business Days’ prior notice to the Applicable Administrative Agent (which will promptly notify the Revolving applicable Lenders of the same Class thereof), provided that such termination will not be deemed to be a waiver or release of any claim a any Borrower, an the Administrative Agent, an any Issuing Bank Lender or any Lender may have against such Defaulting Lender.
Appears in 2 contracts
Samples: Credit Agreement (Rowan Companies PLC), Credit Agreement (Rowan Companies PLC)
Termination of Defaulting Lender Revolving Commitment. A The Borrower may terminate the unused amount of the Revolving Commitment Commitments of a Defaulting Lender upon not less than three (3) Business Days’ ' prior notice to the Applicable Administrative Agent (which will promptly notify the Revolving applicable Lenders of the same Class thereof), provided that such termination will not be deemed to be a waiver or release of any claim a the Borrower, an the Administrative Agent, an any Issuing Bank Lender or any Lender may have against such Defaulting Lender.
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Termination of Defaulting Lender Revolving Commitment. A The Borrower may terminate the unused amount of the Revolving Commitment of a Defaulting Lender upon not less than three (3) Business Days’ prior notice to the Applicable Administrative Agent (which will promptly notify the Revolving Lenders of the same Class thereof), provided that such termination will not be deemed to be a waiver or release of any claim a the Borrower, an the Administrative Agent, an any Issuing Bank or any Lender may have against such Defaulting Lender.
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Termination of Defaulting Lender Revolving Commitment. A The Borrower may terminate the unused amount of the Revolving Commitment Commitments of a Defaulting Lender upon not less than three (3) Business Days’ ' prior notice to the Applicable Administrative Agent (which will promptly notify the Revolving applicable Lenders of the same Class thereof), provided that such termination will not be deemed to be a waiver or release of any claim a the Borrower, an the Administrative Agent, an any Issuing Bank Lender or any Lender may have against such Defaulting Lender.
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Termination of Defaulting Lender Revolving Commitment. A The Borrower may terminate the unused amount of the Revolving Commitment of a Defaulting Lender upon not less than three (3) Business Days’ prior notice to the Applicable Administrative Agent (which will promptly notify the Revolving Lenders of the same Class thereof), provided that such termination will not be deemed to be a waiver or release of any claim a the Borrower, an the Administrative Agent, an the Issuing Bank or any Lender may have against such Defaulting Lender.
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