Common use of Suspension or Termination of Commitments Clause in Contracts

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 3 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit Agreement (Primedex Health Systems Inc), Credit Agreement (Primedex Health Systems Inc)

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Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 3 contracts

Samples: Credit Agreement (Telex Communications International LTD), Credit Agreement (Penhall International Corp), Credit Agreement (Sunsource Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 3 contracts

Samples: Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided, that, in the case of a an Event of Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (Playtex Products Inc), Credit Agreement (Playtex Products Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 2 contracts

Samples: Credit Agreement (Osullivan Industries Holdings Inc), Credit Agreement (Osullivan Industries Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Lenders, Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Neff Finance Corp.)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Administrative Agent may, and at the request of Requisite Revolving Lenders Lenders, Administrative Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Revolving Credit Advances or issue or cause to be issued Letters of Credit under the Revolving Loan CommitmentCommitments; PROVIDED that, in the case of a Default, provided that if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment Commitments shall be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Twi Holdings Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Penhall International Corp)

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Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Golfsmith International Holdings Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure periodperiod or waived by Requisite Lenders, the Revolving Loan Commitment Commitments shall be reinstated.

Appears in 1 contract

Samples: Credit and Security Agreement (Osullivan Industries Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Defaultsuspension, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment Commitments shall be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Comfort Systems Usa Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Revolving Credit Advances or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Southern Construction Products Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Default or Event of Default, Agent may, and at the request of Requisite Revolving Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Advances or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; PROVIDED provided that, in the case of a Default, if the subject condition or event is waived by Requisite Revolving Lenders or cured within any applicable grace or cure period, the Revolving Loan Commitment shall be reinstated.

Appears in 1 contract

Samples: Credit Agreement (Vertis Inc)

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