Common use of Continuing Nature of Provisions Clause in Contracts

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligations shall be Paid in Full. This is a continuing agreement and the First Lien Secured Parties and the Second Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Borrower or any other Loan Party on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Triple Crown Media, Inc.), Intercreditor Agreement (Open Solutions Inc)

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Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligations Payment Date shall be Paid in Fullhave occurred. This is a continuing agreement and the First Lien Secured Parties and the Second Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Borrower the Borrowers or any other Loan Party Obligor on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp), Intercreditor and Collateral Agency Agreement (PostRock Energy Corp)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligations Obligation Payment Date shall be Paid in Fullhave occurred. This is a continuing agreement and the First Lien Secured Parties and the Second Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, the Borrower or any other Loan Credit Party on the faith hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Quest Energy Partners, L.P.), Intercreditor Agreement (Quest Resource Corp)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligations Payment Date shall be Paid in Fullhave occurred. This is a continuing agreement and the First Lien Secured Parties and the Second Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, the Borrower or any other Loan Party Obligor on the faith hereof.

Appears in 2 contracts

Samples: And Collateral Agency Agreement (Quest Resource Corp), Credit Agreement (Quest Energy Partners, L.P.)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligations and Second Lien Obligations shall be Paid in Full. This is a continuing agreement and the First Lien Secured Parties, the Second Lien Secured Parties and the Second Third Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Borrower or any other Loan Party Credit Parties on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Dobson Communications Corp)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the Discharge of the First Lien Obligations and the Discharge of the Second Lien Obligations shall be Paid in Fullhave occurred. This is a continuing agreement and the First Lien Secured Parties and the Second Lien Junior Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Borrower the Company or any other Loan Credit Party on the faith hereofin reliance upon this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (USA Synthetic Fuel Corp)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien First-Priority Obligations Payment Date shall be Paid in Fullhave occurred, subject to Section 5.5. This is a continuing agreement and the First Lien First-Priority Secured Parties and the Second Lien Second-Priority Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Borrower any Issuer or any other Loan Party Grantor on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Clearwire Corp /DE)

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Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Second Lien Obligations Payment Date shall be Paid in Fullhave occurred. This is a continuing agreement and the First Lien Secured Parties, the Second Lien Secured Parties and the Second Third Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Borrower or any other Loan Party on the faith hereof.

Appears in 1 contract

Samples: Form of Intercreditor Agreement (Wci Communities Inc)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligations Payment Date shall be Paid in Fullhave occurred, subject to Section 5.5. This is a continuing agreement and the First Lien Priority Secured Parties and the Second Lien Priority Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Borrower any Company or any other Loan Party Grantor on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Dynacast Inc.)

Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the First Lien Obligations Obligation Period shall be Paid in Fullhave terminated. This is a continuing agreement and the First Lien Secured Parties and the Second Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Borrower Company or any other Loan Party on the faith hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Texas Unwired)

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