Common use of Continuance of a Default Clause in Contracts

Continuance of a Default. An Adjusted LIBO Rate, unless Required Lenders otherwise consent, also will not be available under the Term Loan Facility during the existence of any Default or Event of Default under the Loan Documents.

Appears in 6 contracts

Samples: Credit Facility Agreement (Bizness Online Com), Credit Facility Agreement (NBG Radio Network Inc), Credit Facility Agreement (MCG Finance Corp)

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Continuance of a Default. An Adjusted LIBO Rate, unless Required Lenders otherwise consent, also will not be available under the Term Loan Line of Credit Facility during the existence of any Default or Event of Default under the Loan Documents.

Appears in 1 contract

Samples: Credit Facility Agreement (Talk Com)

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