Common use of No Bank Clause in Contracts

No Bank. Product Termination Value may be established or increased at any time that a Default or Event of Default exists, or if creating a Reserve against such Bank Product Termination Value or the increase thereof would cause the Obligations to exceed the Borrowing Base, except with respect to obligations of any Loan Party under or in connection with any Bank Products (other than Hedge Agreements) of the Bank or any Affiliate of Bank.

Appears in 4 contracts

Samples: Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp)

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