Common use of Termination of Defaulting Lender Commitments Clause in Contracts

Termination of Defaulting Lender Commitments. The Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Issuer, the Swing Loan Lenders or any Lender may have against such Defaulting Lender.

Appears in 7 contracts

Samples: Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp)

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Termination of Defaulting Lender Commitments. The Borrower may terminate the unused amount of the Revolving Credit Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who which will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Issuer, the Swing Loan Lenders Lender or any Lender may have against such Defaulting Lender.

Appears in 6 contracts

Samples: Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Inc)

Termination of Defaulting Lender Commitments. The Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 3 Business Days’ prior notice to the Administrative Agent (who which will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments Sections 2.10 and Computations) 2.12 will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, provided that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the L/C Issuer, the Swing Loan Lenders Line Lender or any Lender may have against such Defaulting Lender.

Appears in 4 contracts

Samples: Credit Agreement (Summit Materials, Inc.), Credit Agreement (Summit Materials, LLC), Credit Agreement (Summit Materials, Inc.)

Termination of Defaulting Lender Commitments. The U.S. Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) 2.11 will apply to all amounts thereafter paid by the U.S. Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, provided that such termination will not be deemed to be a waiver or release of any claim the any Borrower, the Administrative Agent, the IssuerIssuing Banks, the Swing Loan Lenders or any Lender may have against such Defaulting Lender.. (e)

Appears in 3 contracts

Samples: Credit Agreement (FMC Corp), Credit Agreement (FMC Corp), Credit Agreement (FMC Corp)

Termination of Defaulting Lender Commitments. The Borrower Company may terminate the unused amount of the Multi-Currency Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who which will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 7.15 (Payments Pro Rata Treatment and ComputationsPayments) will apply to all amounts thereafter paid by the Borrower Borrowers for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the BorrowerBorrowers, the Administrative Agent, the IssuerIssuing Lenders, the Swing Loan Line Lenders or any Lender may have against such Defaulting Lender.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Revlon Consumer Products Corp), Revolving Credit Agreement (Revlon Consumer Products Corp)

Termination of Defaulting Lender Commitments. The U.S. Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business Days' prior notice to the Administrative Agent (who will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) 2.11 will apply to all amounts thereafter paid by the U.S. Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the IssuerIssuing Banks, the Swing Loan Lenders or any Lender may have against such Defaulting Lender.

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

Termination of Defaulting Lender Commitments. The U.S. Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) 2.11 will apply to all amounts thereafter paid by the U.S. Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the any Borrower, the Administrative Agent, the Issuer, the Swing Loan Lenders Agent or any Lender may have against such Defaulting Lender.

Appears in 1 contract

Samples: Term Loan Agreement (FMC Corp)

Termination of Defaulting Lender Commitments. The Borrower Borrowers may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who which will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) will apply to all amounts thereafter paid by the Borrower Borrowers for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the BorrowerBorrowers, the Administrative Agent, the IssuerIssuers, the Swing Loan Lenders or any Lender may have against such Defaulting Lender.

Appears in 1 contract

Samples: Credit Agreement (Johnsondiversey Holdings Inc)

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Termination of Defaulting Lender Commitments. The U.S. Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) 2.11 will apply to all amounts thereafter paid by the U.S. Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the any Borrower, the Administrative Agent, the IssuerIssuing Banks, the Swing Loan Lenders or any Lender may have against such Defaulting Lender.

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

Termination of Defaulting Lender Commitments. The U.S. Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) 2.11 will apply to all amounts thereafter paid by the U.S. Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the any Borrower, the Administrative Agent, the Issuer, the Swing Loan Lenders Agent or any Lender may have against such Defaulting Lender.. (e)

Appears in 1 contract

Samples: Term Loan Agreement Term Loan Agreement (FMC Corp)

Termination of Defaulting Lender Commitments. The Borrower may terminate the unused amount of the Revovling Credit Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who which will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Issuer, the Swing Loan Lenders Lender or any Lender may have against such Defaulting Lender.

Appears in 1 contract

Samples: Credit Agreement (Marquee Holdings Inc.)

Termination of Defaulting Lender Commitments. The U.S. Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 (Payments and Computations) 2.11 will apply to all amounts thereafter paid by the U.S. Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Issuer, the Swing Loan Lenders or any Lender may have against such Defaulting Lender.any

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

Termination of Defaulting Lender Commitments. The Borrower Company may terminate the unused amount of the Multi-Currency Commitment of a Defaulting Lender upon not less than 10 Business Days’ prior notice to the Administrative Agent (who which will promptly notify the Lenders thereof), and in such event the provisions of Section 2.13 7.15 (Payments Pro Rata Treatment and ComputationsPayments) will apply to all amounts thereafter paid by the Borrower Borrowers for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided, that such termination will not be deemed to be a waiver or release of any claim the BorrowerBorrowers, the Administrative Agent, the IssuerIssuing Lenders, the Swing Loan Line Lenders or any Lender may have against such Defaulting Lender.. 105

Appears in 1 contract

Samples: Revolving Credit Agreement (Revlon Consumer Products Corp)

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