Common use of Continuance of a Default Clause in Contracts

Continuance of a Default. An Adjusted LIBO Rate, unless Required Lenders otherwise consent, also will not be available under the Term Loan Facility during the existence of any Default or Event of Default under the Loan Documents.

Appears in 6 contracts

Sources: Credit Facility Agreement (Talk Com), Credit Facility Agreement (Talk Com), Credit Facility Agreement (NBG Radio Network Inc)

Continuance of a Default. An Adjusted LIBO Rate, unless Required Lenders otherwise consent, also will not be available under the Term Loan Line of Credit Facility during the existence of any Default or Event of Default under the Loan Documents.

Appears in 1 contract

Sources: Credit Facility Agreement (Talk Com)