Common use of Obligations Suspended During Default Clause in Contracts

Obligations Suspended During Default. The Lenders shall not be obligated to comply with a borrowing notice if there shall then exist an Event of Default or a Default.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Adelphia Communications Corp)

Obligations Suspended During Default. The Lenders Lender shall not be obligated to comply with a borrowing notice or to advance any Loan if there shall then exist an Event of Default or a Default.

Appears in 1 contract

Sources: Revolving Credit Agreement (Weis Markets Inc)

Obligations Suspended During Default. The Lenders shall not be ------------------------------------ obligated to comply with a borrowing notice if there shall then exist an Event of Default or a Default.

Appears in 1 contract

Sources: Revolving Credit Agreement (Specialty Products & Insulation Co)