Termination of Defaulting Lender. Borrower Representative may terminate the unused amount of any Commitment of any Lender that is a Defaulting Lender upon not less than ten (10) Business Days’ prior notice to Agent (which shall promptly notify Lenders thereof); provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim of Borrowers, Agent, or any other Lender may have against such Defaulting Lender.
Appears in 4 contracts
Samples: Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.)
Termination of Defaulting Lender. Borrower Representative The Borrowers may terminate the unused amount of any the Commitment of any Lender that is a Defaulting Lender upon not less than ten (10) five Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof); , provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim of the Borrowers, the Administrative Agent, any Issuer, the Swing Line Lender or any other Lender may have against such Defaulting Lender.
Appears in 4 contracts
Samples: Credit Agreement (Ingram Micro Inc), Credit Agreement (Ingram Micro Inc), Credit Agreement (Ingram Micro Inc)
Termination of Defaulting Lender. Notwithstanding any provision of this Agreement to the contrary, the Borrower Representative may terminate the unused amount of any the Commitment of any Committed Lender that is a Defaulting Lender upon not less than ten three (103) Business Days’ prior notice to the Administrative Agent (which shall promptly notify Lenders thereofeach Lender Group Agent); , provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim of Borrowersthe Borrower, Agent, the Administrative Agent or any other Non-Defaulting Lender may have against such Defaulting Lender.
Appears in 1 contract
Termination of Defaulting Lender. The Borrower Representative may terminate the unused amount of any the Revolving Commitment of any Revolving Lender that is a Defaulting Lender upon not less than ten (10) 10 Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof); provided that (i) no Event of Default shall have occurred and be continuing, and (ii) in such termination shall not be deemed to be a waiver or release event the provisions of any claim of Borrowers, Agent, or any other Lender may have against such Defaulting Lender.Section 2.24(a)
Appears in 1 contract
Samples: Credit Agreement
Termination of Defaulting Lender. The Borrower Representative may terminate the unused amount of any the Commitment of any Lender that is a Defaulting Lender upon not less than ten (10) Business Days’ ' prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof); provided that (i) no Event of Default shall have occurred and be continuing, and (ii) in such termination shall not be deemed to be a waiver or release of any claim of Borrowers, Agent, or any other Lender may have against such Defaulting Lender.event
Appears in 1 contract
Samples: Loan and Servicing Agreement (Carlyle Secured Lending III)
