Common use of Terminate Obligation to Extend Credit Clause in Contracts

Terminate Obligation to Extend Credit. 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 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 Credit Documents shall automatically terminate. 109 111

Appears in 1 contract

Samples: Credit Agreement (Element K Corp)

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Terminate Obligation to Extend Credit. Upon The Agent on behalf of ------------------------------------- the Lenders may (and upon written request of the Required Lenders, Lenders the Agent shall shall) terminate the obligations of the Lenders to make any further extensions of credit under the 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 Credit Documents shall automatically immediately terminate. 109 111..

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

Terminate Obligation to Extend Credit. 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 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 Credit Documents shall automatically terminate. 109 111.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Terminate Obligation to Extend Credit. 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 Credit Documents by furnishing written 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 Credit Documents shall automatically terminate. 109 111.

Appears in 1 contract

Samples: Credit Agreement (Marquee Group Inc)

Terminate Obligation to Extend Credit. 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 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 Credit Documents shall automatically terminate. 109 111.

Appears in 1 contract

Samples: Credit Agreement (Nextera Enterprises Inc)

Terminate Obligation to Extend Credit. 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 Credit Documents by furnishing notice of such termination to the CompanyBorrowers; provided, however, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Credit Documents shall automatically terminate. 109 111.

Appears in 1 contract

Samples: Credit Agreement (Westower Corp)

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Terminate Obligation to Extend Credit. Upon The Agent on behalf of the Lenders may (and upon written request of the Required Lenders, Lenders holding at least one-third of the Aggregate Percentage Interests in the Loan the Agent shall shall) terminate the obligations of the Lenders to make any further extensions of credit under the 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 Credit Documents shall automatically immediately terminate. 109 111..

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

Terminate Obligation to Extend Credit. Upon written request of the Required Lenders, the Agent on behalf of the Lenders shall terminate the obligations of the Lenders to make any further extensions of credit under the 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 Credit Documents shall automatically terminate. 109 111.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Technologies Inc)

Terminate Obligation to Extend Credit. 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 Credit Documents by furnishing notice of such termination to the Company; providedPROVIDED, howeverHOWEVER, that if a Bankruptcy Default shall have occurred, the obligations of the Lenders to make any further extensions of credit under the Credit Documents shall automatically terminate. 109 111.

Appears in 1 contract

Samples: Credit Agreement (Nextera Enterprises Inc)

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