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 57 contracts

Samples: Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa), Term Loan Agreement (Brandywine Realty Trust), Revolving Credit Agreement (Polaris Industries Inc/Mn)

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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

Samples: Credit Agreement (Dominion Resources Inc /Va/), Credit Agreement (Dominion Resources Inc /Va/), 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

Samples: Credit Agreement (Wisconsin Public Service Corp), 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

Samples: Credit Agreement (Anchor Holdings Inc), Credit Agreement (Deltic Timber Corp), Credit Agreement (Gorges Quik to Fix Foods 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

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

Samples: 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 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

Samples: 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

Samples: Credit Agreement (Us Can Corp), Credit Agreement (Knoll Inc), 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 it shall not be entitled to vote on any matter requiring 104 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 2 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics 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 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. 11.4.

Appears in 2 contracts

Samples: Credit Agreement (Colonial Realty Limited Partnership), Credit Agreement (Colonial Properties Trust)

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

Samples: 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 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

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

Samples: 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 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

Samples: 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 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

Samples: Credit Agreement (Wesco International 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

Samples: 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 9.6 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

Samples: Credit Agreement (Covance Inc)

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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

Samples: Credit Agreement (Atmos Energy Corp)

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

Samples: 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 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

Samples: Credit Agreement (Apria Healthcare Group 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

Samples: Credit Agreement (Cornerstone Realty Income Trust 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

Samples: 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

Samples: 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 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

Samples: Revolving Credit Agreement (Integrated Orthopedics Inc)

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

Samples: Credit Agreement (Steel Heddle 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 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

Samples: Credit Agreement (Central Sprinkler 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; providedPROVIDED, howeverHOWEVER, that all other benefits and obligations under the Credit Documents shall apply to such Defaulting Lender.

Appears in 1 contract

Samples: 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 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 1 contract

Samples: Credit Agreement (Monarch Properties Inc)

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