Common use of Defaulting Banks Clause in Contracts

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 196 contracts

Samples: Credit Agreement (Caterpillar Inc), Credit Agreement (Occidental Petroleum Corp /De/), Revolving Credit Agreement (CMS Energy Corp)

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Defaulting Banks. (a) Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 25 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Credit Agreement (Deere & Co)

Defaulting Banks. (a) Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such Bank is no longer a Defaulting Bank, to the extent permitted by applicable law:

Appears in 22 contracts

Samples: Term Loan Agreement (Western Union CO), Credit Agreement (Western Union CO), Credit Agreement (Western Union CO)

Defaulting Banks. Notwithstanding any provision of this Agreement or any other Loan Document to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 14 contracts

Samples: Credit Agreement (Centerpoint Energy Resources Corp), Credit Agreement (Centerpoint Energy Houston Electric LLC), Credit Agreement (Centerpoint Energy Resources Corp)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if If any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 13 contracts

Samples: Credit Agreement (Rockwell Collins Inc), Assignment and Assumption Agreement (Heinz H J Co), Credit Agreement (Rockwell Collins Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:Bank (the “Default Period”):

Appears in 12 contracts

Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

Defaulting Banks. Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such that Bank is no longer a Defaulting Bank, to the extent permitted by applicable law:

Appears in 10 contracts

Samples: Credit Agreement (Cigna Corp), Credit Agreement (Brinker International, Inc), Credit Agreement (Brinker International, Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, Bank then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 6 contracts

Samples: Credit Agreement (Baxter International Inc), Credit Agreement (Baxalta Inc), Credit Agreement (Baxter International Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such Bank is no longer a Defaulting Bank, to the extent permitted by applicable law:

Appears in 4 contracts

Samples: Credit Agreement (Waste Management Inc), Revolving Credit Agreement (Waste Management Inc), Credit Agreement (Waste Management Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Revolving Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Revolving Bank is a Defaulting Bank:

Appears in 4 contracts

Samples: Credit Agreement (Carlisle Companies Inc), Credit Agreement (Eagle Materials Inc), Credit Agreement (Carlisle Companies Inc)

Defaulting Banks. Notwithstanding any provision of in this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 3 contracts

Samples: Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp)

Defaulting Banks. (a) Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a one or more Revolving Banks become Defaulting BankBanks, then the following provisions shall apply for so long as any such Bank is a Defaulting Bank:

Appears in 2 contracts

Samples: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

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Defaulting Banks. (a) Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such that Bank is no longer a Defaulting Bank, to the extent permitted by applicable Law:

Appears in 2 contracts

Samples: Credit Agreement (Invesco Dynamic Credit Opportunities Fund), Credit Agreement (Invesco Senior Income Trust)

Defaulting Banks. Notwithstanding (a)Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Defaulting Banks. (a) Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such Bank is no longer a Defaulting Bank, to the extent permitted by applicable Law:

Appears in 2 contracts

Samples: General Security Agreement (Avon Products Inc), Credit Agreement and General Security Agreement (Avon Products Inc)

Defaulting Banks. Notwithstanding 13.%2.%3.Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Defaulting Banks. Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such that Bank is no longer a Defaulting Bank:, to the extent permitted by applicable law: (a)

Appears in 1 contract

Samples: Credit Agreement (Brinker International, Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting BankBank hereunder (as determined by the Administrative Agent in consultation with the Borrower), then the following provisions shall apply for so long as such Defaulting Bank is a Defaulting Bank:

Appears in 1 contract

Samples: Credit Agreement (Centerpoint Energy Houston Electric LLC)

Defaulting Banks. (a) Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then then, the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 1 contract

Samples: Credit Agreement (Kirby Corp)

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