Drawstop Sample Clauses
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Drawstop. A Request may not be made in any case where the Company is in default under the Existing Facility B of any payment obligation (or payment obligations in aggregate) in an amount equal to or in excess of EUR 500,000 or its equivalent in other currencies (a Drawstop Event). Following a Drawstop Event, no further Requests may be made until the Facility Agent notifies the Company in writing that it may submit a Request. The Facility Agent shall so notify the Company promptly after the Facility Agent receives evidence reasonably satisfactory to it that such default or defaults: (i) are no longer outstanding; or (ii) are waived in accordance with the Existing Facility Agreement B; or (iii) a combination of (i) and (ii), whereby, following such waivers (if any), such default or defaults (if any) are in aggregate in an amount less than EUR 500,000 or its equivalent in other currencies.
Drawstop. Notwithstanding any other provision of this Agreement, no Utilisation Request may be submitted in respect of a Utilisation on or after the Drawstop Date unless the Lender is satisfied that the Drawstop Conditions have been met. The Lender shall notify the Company promptly upon being so satisfied.
Drawstop. A Request may not be made in any case where the Company is in default with any payment obligation (or payment obligations in aggregate) under any Financial Indebtedness in an amount 0040772-0000066 BT:1030359.12 19 equal to or in excess of €500,000 or its equivalent in other currencies (a Drawstop Event). Following a Drawstop Event, no further Requests may be made until the Facility Agent notifies the Company in writing that it may submit a Request. The Facility Agent shall so notify the Company promptly after the Facility Agent receives evidence reasonably satisfactory to the Majority Lenders that such default or defaults: (i) are no longer outstanding; or (ii) are waived in accordance with the terms of the relevant Financial Indebtedness; or (iii) a combination of (i) and (ii), whereby, following such waivers (if any), such default or defaults (if any) are in aggregate in an amount less than €500,000 or its equivalent in any other currency.
Drawstop. A Request may not be made in any case where the Company is in default under the Existing Facility of any payment obligation (or payment obligations in aggregate) in an amount equal to or in excess of USD100,000 or its equivalent in other currencies (a Drawstop Event). Following a Drawstop Event, no further Requests may be made until the Facility Agent notifies the Company in writing that it may submit a Request. The Facility Agent shall so notify the Company promptly after the Facility Agent receives evidence reasonably satisfactory to it that such default or defaults: (i) are no longer continuing; or (ii) are waived in accordance with the ING Facility Agreement; or (iii) a combination of (i) and (ii), whereby, following such waivers (if any), such default or defaults (if any) are in aggregate in an amount less than USD100,000 or its equivalent in other currencies.
Drawstop. A Request may not be made in any case where the Company is in default under the Existing Facility of any payment obligation (or payment obligations in aggregate) in an amount equal to or in excess of EUR500,000 or its equivalent in other currencies (a Drawstop Event). Following a Drawstop Event, no further Requests may be made until: such default or defaults: (i) are no longer outstanding; or (ii) are waived in accordance with the Existing Facility Agreement; or (iii) a combination of (i) and (ii), whereby, following such waivers (if any), such default or defaults (if any) are in aggregate in an amount less than EUR500,000 or its equivalent in other currencies.