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 Eurocurrency Rate Loans or CDOR Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into Eurocurrency Rate Loans or Canadian Prime Rate Loans into CDOR 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(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (GFL Environmental Holdings Inc.), Credit Agreement (GFL Environmental Holdings Inc.), Assignment and Assumption (GFL Environmental Holdings 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 Eurocurrency Rate RateTerm SOFR Loans or CDOR Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into Eurocurrency Rate RateTerm SOFR Loans or Canadian Prime Rate Loans into CDOR 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(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 (GFL Environmental Inc.)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower Borrowers under Section 3.043.5, the Lead Administrative Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue Eurocurrency EurocurrencyTerm Rate Loans or CDOR Loans, Canadian Base Rate Loans Loan from one Interest Period to another Interest Period, or to convert Base Rate Loans into Eurocurrency Loans, Canadian Base Rate Loans or Canadian Prime Rate Loans into CDOR EurocurrencyTerm 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(c3.7(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: Credit Agreement (Signet Jewelers LTD)

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 Eurocurrency Rate Term SOFR Loans or CDOR Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into Eurocurrency Rate Term SOFR Loans or Canadian Prime Rate Loans into CDOR 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(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 (GFL Environmental Inc.)

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Suspension of Lender Obligations. If any Lender requests compensation by the Borrower Borrowers under Section 3.043.5, the Lead Administrative Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue Eurocurrency Rate Loans or CDOR Loans, Canadian Base Rate Loans Loan from one Interest Period to another Interest Period, or to convert Base Rate Loans into Eurocurrency Rate Loans or Canadian Prime Rate Loans into CDOR Eurocurrency 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(c3.7(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.. 179

Appears in 1 contract

Samples: Credit Agreement (Signet Jewelers LTD)

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower Borrowers under Section 3.043.5, the Lead Administrative Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue Eurocurrency Rate Loans or CDOR Loans, Canadian Base Rate Loans Loan from one Interest Period to another Interest Period, or to convert Base Rate Loans into Eurocurrency Rate Loans or Canadian Prime Rate Loans into CDOR Eurocurrency 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(c3.7(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.. (c)

Appears in 1 contract

Samples: Credit Agreement (Signet Jewelers LTD)

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