Common use of Suspension or Termination of Commitments Clause in Contracts

Suspension or Termination of Commitments. Upon the occurrence of any Event of Default, Agents may, and at the request of Requisite Lenders, Agents shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders’ obligations to make additional Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment.

Appears in 3 contracts

Samples: Credit Agreement (Uap Holding Corp), Credit Agreement (Uap Holding Corp), Credit Agreement (Uap Holding Corp)

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Suspension or Termination of Commitments. Upon the occurrence of any Event of Default, Agents mayAgent, and at the request of Requisite Revolving Lenders, Agents shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment; provided that, if the Event of Default is waived by Requisite Revolving Lenders, the Commitments shall be reinstated.

Appears in 1 contract

Samples: Credit Agreement (TNS Inc)

Suspension or Termination of Commitments. Upon the occurrence of any Event of Default, Agents may, and at the request of Requisite Lenders, Agents shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Platte Chemical Co)

Suspension or Termination of Commitments. Upon the occurrence and during the continuance of any Event of Default, Agents Agent may, and at the request of Requisite Lenders, Agents Lenders Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders' obligations to make additional Loans or issue or cause to be issued Letters of Credit under the Revolving Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (RathGibson Inc)

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Suspension or Termination of Commitments. Upon the occurrence and during the continuance of any Event of Default, Agents Applicable Agent may, and at the request of Requisite Lenders, Agents Lenders Applicable Agent shall, without notice or demand, immediately suspend or terminate all or any portion of Lenders’ obligations to make additional Loans or issue or cause to be issued Letters of Credit under the Revolving Loan CommitmentCommitments.

Appears in 1 contract

Samples: Credit Agreement (RPP Capital Corp)

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