Common use of Suspension of Lender Obligations Clause in Contracts

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Rate Loans until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(3) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 5 contracts

Samples: Credit Agreement (Superior Industries International Inc), Credit Agreement (Superior Industries International Inc), Credit Agreement (Superior Industries International Inc)

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Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO Rate SOFR Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Rate Loans SOFR Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(33.06(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 4 contracts

Samples: Credit Agreement (Cincinnati Bell Inc), Credit Agreement (Allegro Microsystems, Inc.), Credit Agreement (Cincinnati Bell Inc)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO Rate SOFR Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Rate SOFR Loans until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(3) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 2 contracts

Samples: Credit Agreement (Life Time Group Holdings, Inc.), Credit Agreement (WideOpenWest, Inc.)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO LIBOR Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO LIBOR Rate Loans until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(3) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Torrid Holdings Inc.), Term Loan Credit Agreement (Torrid Holdings Inc.)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Rate Loans Period until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(3) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 1 contract

Samples: Bridge Credit Agreement (Superior Industries International Inc)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO SOFR Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO SOFR Rate Loans Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(33.06(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 1 contract

Samples: Superpriority Credit Agreement (Casa Systems Inc)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO Rate Term SOFR Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Rate Loans Term SOFR Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(33.06(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Allegro Microsystems, Inc.)

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Suspension of Lender Obligations. If any Lender requests compensation by the Borrower Borrowers under Section 3.04, the Borrower Representative may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO Term SOFR Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Term SOFR Rate Loans Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(33.06(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Domtar CORP)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO Rate Term SOFR Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Rate Loans Term SOFR Loans, until the event or condition giving rise to such request ceases to be in effect (in effect(in which case the provisions of Section 3.06(33.06(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 1 contract

Samples: Credit Agreement (JOANN Inc.)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative DIP Agent), suspend the obligation of such Lender to make or continue LIBO Rate Term SOFR Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Rate Loans Term SOFR Loans, until the event or condition giving rise to such request ceases to be in effect (in effect(in which case the provisions of Section 3.06(33.06(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 1 contract

Samples: Senior Secured (JOANN Inc.)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.043.5, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO SOFR Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO SOFR Rate Loans Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(33.7(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 1 contract

Samples: Assignment and Assumption (BJ's Wholesale Club Holdings, Inc.)

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