Common use of Termination by Agent Clause in Contracts

Termination by Agent. Agent may (and upon the direction of the Required Lenders, shall) terminate the Revolver Commitments without notice at any time that an Event of Default exists; provided that the Revolver Commitments shall automatically terminate as provided in Section 12.2 hereof.

Appears in 2 contracts

Sources: Credit Agreement (Remington Arms Co Inc/), Credit Agreement (Remington Arms Co Inc/)

Termination by Agent. Agent may (and upon the direction of the Required Lenders, shall) terminate the Revolver Commitments without notice at any time that upon or after the occurrence of an Event of Default existsDefault; provided provided, however, that the Revolver Commitments shall automatically terminate as provided in Section 12.2 SECTION 11.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Toms Foods Inc)

Termination by Agent. Agent may (and upon the direction of the Required Lenders, shall) terminate the Revolver Commitments without notice at any time that if an Event of Default exists; provided provided, however, that the Revolver Commitments shall automatically terminate as provided in Section 12.2 11.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Pameco Corp)