Common use of Default or Event of Default Clause in Contracts

Default or Event of Default. Notwithstanding the foregoing, the Borrower shall not be entitled to accept any offer made by the Agent on behalf of the Term Lender to extend the Term Facility Maturity Date if a Default or Event of Default has occurred and is continuing unless such Default or Event of Default is waived by the Term Lender; provided any such waiver shall be effective only for the purposes of this Section 3.4 and shall not be applicable to any other Lenders.‌

Appears in 1 contract

Sources: Credit Agreement

Default or Event of Default. Notwithstanding the foregoing, the Borrower shall not be entitled to accept any offer made by the Agent on behalf of the Term Lender Agreeing Lenders to extend the Term Revolving Facility Maturity Date if a Default or Event of Default has occurred and is continuing unless such Default or Event of Default is waived by all of the Term LenderAgreeing Lenders; provided any such waiver shall be effective only for the purposes of this Section 3.4 3.3 and shall not be applicable to any other such Lenders which are not Agreeing Lenders.‌

Appears in 1 contract

Sources: Credit Agreement

Default or Event of Default. Notwithstanding the foregoing, the Borrower Borrowers shall not be entitled to accept any offer made by the Agent on behalf of the Term Lender Agreeing Lenders to extend the Term Facility Maturity Date if a Default or Event of Default has occurred and is continuing continuing, unless such Default or Event of Default is waived by all of the Term LenderAgreeing Lenders; provided that any such waiver shall be effective only for the purposes of this Section 3.4 and shall not be applicable to any other Lenders.‌3.6.

Appears in 1 contract

Sources: Credit Agreement

Default or Event of Default. Notwithstanding the foregoing, the Borrower Borrowers shall not be entitled to accept any offer made by the Agent on behalf of the Term Lender Agreeing Lenders to extend the Stated Term Facility Maturity Date if a Default or Event of Default has occurred and is continuing continuing, unless such Default or Event of Default is waived by all of the Term LenderAgreeing Lenders; provided that any such waiver shall be effective only for the purposes of this Section 3.4 and shall not be applicable to any other Lenders.‌4.1.

Appears in 1 contract

Sources: Credit Agreement (Canetic Resources Trust)

Default or Event of Default. Notwithstanding the foregoing, the Borrower shall not be entitled to accept any offer made by the Agent on behalf of the Term Lender Agreeing Lenders to extend the Term Facility Maturity Out Date if a Default or Event of Default has occurred and is continuing unless such Default or Event of Default is waived by all of the Term LenderAgreeing Lenders; provided any such waiver shall be effective only for the purposes of this Section 3.4 3.2 and shall not be applicable to any other Lenders.‌such Lenders which are not Agreeing Lenders.

Appears in 1 contract

Sources: Credit Agreement