Common use of Defaulting Lender Clause in Contracts

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 59 contracts

Sources: Credit Agreement (Quest Diagnostics Inc), Revolving Credit Agreement (Pan Pacific Retail Properties Inc), Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 47 contracts

Sources: 364 Day Revolving Credit Agreement (Dominion Resources Inc /Va/), Five Year Credit Agreement (Dominion Resources Inc /Va/), Revolving Credit Agreement (Dominion Resources Inc /Va/)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Loan Documents shall apply to such Defaulting Lender.

Appears in 20 contracts

Sources: Credit Agreement (Wisconsin Public Service Corp), Three Year Credit Agreement (Wisconsin Energy Corp), Credit Agreement (WPS Resources Corp)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the LendersLenders adversely affected thereby; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 5 contracts

Sources: Credit Agreement (Gorges Quik to Fix Foods Inc), Credit Agreement (Deltic Timber Corp), Credit Agreement (Moll Industries Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that (a) a Lender's Commitment may not be increased without its consent whether or not it is a Defaulting Lender and (b) all other benefits and obligations under the Credit Loan Documents shall apply to such Defaulting Lender.

Appears in 4 contracts

Sources: 364 Day Credit Agreement (Duke Energy Field Services LLC), 364 Day Credit Agreement (Duke Energy Field Services LLC), 364 Day Credit Agreement (Duke Energy Field Services LLC)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that (a) a Lender’s Commitment may not be increased without its consent whether or not it is a Defaulting Lender and (b) all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 3 contracts

Sources: Credit Agreement (DCP Midstream Partners, LP), Credit Agreement (DCP Midstream Partners, LP), Credit Agreement (DCP Midstream Partners, LP)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender Lender, then notwithstanding the provisions of Section 11.6 11.2. and for so long as it is a Defaulting Lender, it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 3 contracts

Sources: Credit Agreement (Colonial Properties Trust), Credit Agreement (Monarch Properties Inc), Credit Agreement (Colonial Realty Limited Partnership)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that (a) a Lender’s Commitment may not be increased without its consent whether or not it is a Defaulting Lender and (b) all other benefits and obligations under the Credit Loan Documents shall apply to such Defaulting Lender.

Appears in 3 contracts

Sources: Credit Agreement (Oge Energy Corp.), Credit Agreement (OGE Enogex Partners L.P.), Credit Agreement (Oge Energy Corp)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then then, notwithstanding the provisions of Section 11.6 11.6, it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the LendersLenders adversely affected thereby; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 3 contracts

Sources: Credit Agreement (Knoll Inc), Credit Agreement (Us Can Corp), Credit Agreement (Knoll Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender Lender, then notwithstanding the other provisions of this Agreement, including Section 11.6 11.6, it shall not be entitled to vote on any matter requiring the consent of the Required Majority Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 2 contracts

Sources: Credit Agreement (Bombardier Recreational Products Inc.), Credit Agreement (BRP (Luxembourg) 4 S.a.r.l.)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter (other than those provided for in Section 11.6(b), (c) and (d)) requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 2 contracts

Sources: Credit Agreement (Pulte Homes Inc/Mi/), Credit Agreement (Pulte Homes Inc/Mi/)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that (a) a Lender's Commitment may not be increased without its consent whether or not it is a Defaulting Lender and (b) all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 2 contracts

Sources: Bridge Credit Agreement (DCP Midstream Partners, LP), Credit Agreement (DCP Midstream Partners, LP)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then then, notwithstanding the provisions of Section 11.6 11.6, it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the LendersLenders adversely affected thereby; providedPROVIDED, howeverHOWEVER, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Medical Staffing Network Holdings Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender Lender, then notwithstanding the provisions of Section 11.6 15.2. and for so long as it is a Defaulting Lender, it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Colonial Realty Limited Partnership)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then Lender, then, notwithstanding the provisions of Section 11.6 11.6, it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Covance Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, Lenders and that all other benefits and obligations under the Credit Documents shall apply to such Defaulting LenderLender in the Administrative Agent's reasonable discretion.

Appears in 1 contract

Sources: Credit Agreement (Nacco Industries Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 10.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the LendersLenders adversely affected thereby; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Knoll Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 12.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Wesco International Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the LendersLenders (other than an increase in the Commitment(s) of such Defaulting Lender or any reduction of the amount of principal or interest owed to such Defaulting Lender); provided, however, that all other benefits and obligations under the Credit Loan Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (WPS Resources Corp)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 9.7 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all of the LendersLenders adversely affected thereby; provided, however, that all other benefits and obligations under the Credit Loan Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Central Sprinkler Corp)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, Lenders and that all other benefits and obligations under the Credit Documents shall apply to such Defaulting LenderLender in the Administrative Agent’s reasonable discretion.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Nacco Industries Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of 97 103 all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Apria Healthcare Group Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that (a) a Lender’s Commitment may not be increased or extended without its consent whether or not it is a Defaulting Lender and (b) all other benefits and obligations under the Credit Loan Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Term Loan Agreement (Oge Energy Corp.)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under -------- ------- the Credit Loan Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Revolving Credit Agreement (Atmos Energy Corp)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 11.6(a) it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the LendersLenders adversely affected thereby; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Steel Heddle International Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then than notwithstanding the provisions of Section 11.6 11.7 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Credit Agreement (Ryans Restaurant Group Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding the provisions of Section 11.6 SECTION 13.11 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents Loan Papers shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Revolving Credit Agreement (Integrated Orthopedics Inc)

Defaulting Lender. Each Lender understands and agrees that if such Lender is a Defaulting defaulting, Lender then notwithstanding the provisions of Section 11.6 10.6 it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter requiring the consent of all the Lenders; provided, however, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Sources: Line of Credit Agreement (Cornerstone Realty Income Trust Inc)