Common use of Terminate Obligation to Extend Credit Clause in Contracts

Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative Agent on behalf of the Lenders shall terminate the obligations of the Lenders to make any further extensions of credit under the Loan Documents by furnishing notice of such termination to the Company; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Documents shall automatically terminate.

Appears in 7 contracts

Samples: Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc)

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Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative The Agent on behalf of the Lenders shall may (and upon written request of the Required Lenders the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the Company; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Documents shall automatically terminate.

Appears in 4 contracts

Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Inc), Credit Agreement (Racing Champions Corp)

Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative The Agent on behalf of the Lenders shall may (and upon written request of the Lenders holding at least one-third of the Percentage Interests the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the Company; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Documents shall automatically terminateBorrowers.

Appears in 3 contracts

Samples: Credit Agreement (Ameripath Inc), Credit Agreement (Pediatrix Medical Group Inc), Credit Agreement (Pediatrix Medical Group Inc)

Terminate Obligation to Extend Credit. Upon written request of the Required Lenders, the Administrative Agent on behalf of the Lenders shall terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the CompanyBorrower; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents shall automatically terminate.

Appears in 3 contracts

Samples: Credit Agreement (American Biltrite Inc), Credit Agreement (American Biltrite Inc), Credit Agreement (American Biltrite Inc)

Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative The Agent on behalf of the Lenders shall may (and upon written request of the Required Lenders the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the CompanyParent; provided, however, that if a Bankruptcy Default shall have has occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents shall automatically terminate.

Appears in 2 contracts

Samples: Ch2m Hill Companies (Ch2m Hill Companies LTD), Agreement (Ch2m Hill Companies LTD)

Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the The Administrative Agent on behalf of the Lenders shall may (and upon written request of the Required Lenders the Administrative Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the Company; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Documents shall automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Inc)

Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative Agent on behalf of the Lenders shall terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the Company; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Documents shall automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Buckeye Cellulose Corp), Credit Agreement (Buckeye Technologies Inc)

Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative The Agent on behalf of the Lenders shall may (and upon written request of Required Lenders the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the CompanyParent; provided, however, that if a Bankruptcy Default shall have has occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents shall automatically terminate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ch2m Hill Companies LTD)

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Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative Agent The Managing Agents on behalf of the Lenders shall may (and upon written request of the Required Lenders the Managing Agents shall) terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the Company; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Documents shall automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Central Maine Power Co)

Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative The Managing Agent on behalf of the Lenders shall may (and upon written request of the Required Lenders the Managing Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the Company; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Documents shall automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (American Tower Corp)

Terminate Obligation to Extend Credit. Upon request of the Required Lenders, the Administrative The Agent on behalf of the Lenders shall may (and upon written request of the Required Lenders the Agent shall) terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the CompanyBorrower; providedPROVIDED, howeverHOWEVER, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents shall automatically immediately terminate...

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

Terminate Obligation to Extend Credit. Upon written request of the Required Lenders, Lenders the Administrative Agent on behalf of the Lenders shall terminate the obligations of the Lenders to make any further extensions of credit under the Loan Credit Documents by furnishing notice of such termination to the Company; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Loan Documents shall automatically terminateBorrower.

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

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