Common use of Defaulting Banks Clause in Contracts

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 197 contracts

Samples: Term Loan Agreement (American Equity Investment Life Holding Co), Credit Agreement (Solventum Corp), Term Loan Agreement (Solventum Corp)

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Defaulting Banks. (a) Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 25 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Credit Agreement (Prudential Financial Inc), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Defaulting Banks. (a) Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such Bank is no longer a Defaulting Bank, to the extent permitted by applicable law:

Appears in 22 contracts

Samples: Loan Agreement (Spire Missouri Inc), Credit Agreement (Western Union CO), Loan Agreement (Spire Missouri Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement or any other Loan Document to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 14 contracts

Samples: Credit Agreement (Centerpoint Energy Resources Corp), Sigeco Credit Agreement (Centerpoint Energy Resources Corp), Credit Agreement (Centerpoint Energy Resources Corp)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if If any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 13 contracts

Samples: Credit Agreement (Rockwell Automation, Inc), Credit Agreement (Rockwell Automation, Inc), Credit Agreement (Rockwell Automation Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:Bank (the “Default Period”):

Appears in 12 contracts

Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

Defaulting Banks. Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such that Bank is no longer a Defaulting Bank, to the extent permitted by applicable law:

Appears in 10 contracts

Samples: Credit Agreement (Brinker International, Inc), Credit Agreement (Brinker International, Inc), Credit Agreement (Brinker International, Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, Bank then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 6 contracts

Samples: Credit Agreement (Baxter International Inc), Credit Agreement (Baxter International Inc), Credit Agreement (Baxalta Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Revolving Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Revolving Bank is a Defaulting Bank:

Appears in 4 contracts

Samples: Credit Agreement (Carlisle Companies Inc), Credit Agreement (Carlisle Companies Inc), Credit Agreement (Eagle Materials Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such Bank is no longer a Defaulting Bank, to the extent permitted by applicable law:

Appears in 4 contracts

Samples: Credit Agreement (Waste Management Inc), Credit Agreement (Waste Management Inc), Revolving Credit Agreement (Waste Management Inc)

Defaulting Banks. (a) Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a one or more Revolving Banks become Defaulting BankBanks, then the following provisions shall apply for so long as any such Bank is a Defaulting Bank:

Appears in 3 contracts

Samples: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

Defaulting Banks. Notwithstanding any provision of in this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 3 contracts

Samples: Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp)

Defaulting Banks. Notwithstanding (a)Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Defaulting Banks. (a) Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such that Bank is no longer a Defaulting Bank, to the extent permitted by applicable Law:

Appears in 2 contracts

Samples: Credit Agreement (Invesco Dynamic Credit Opportunities Fund), Credit Agreement (Invesco Senior Income Trust)

Defaulting Banks. (a) Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such Bank is no longer a Defaulting Bank, to the extent permitted by applicable Law:

Appears in 2 contracts

Samples: Credit Agreement and General Security Agreement (Avon Products Inc), General Security Agreement (Avon Products Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting BankBank hereunder (as determined by the Administrative Agent in consultation with the Borrower), then the following provisions shall apply for so long as such Defaulting Bank is a Defaulting Bank:

Appears in 1 contract

Samples: Credit Agreement (Centerpoint Energy Houston Electric LLC)

Defaulting Banks. Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long then, until such time as such that Bank is no longer a Defaulting Bank:, to the extent permitted by applicable law: (a)

Appears in 1 contract

Samples: Credit Agreement (Brinker International, Inc)

Defaulting Banks. Notwithstanding any provision of this Agreement to the contrary, if any Issuing Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Issuing Bank is a Defaulting Bank:

Appears in 1 contract

Samples: Letter of Credit and Bank Guarantee Agreement (GE Vernova Inc.)

Defaulting Banks. Notwithstanding 13.%2.%3.Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Defaulting Banks. (a) Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then then, the following provisions shall apply for so long as such Bank is a Defaulting Bank:

Appears in 1 contract

Samples: Credit Agreement (Kirby Corp)

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