Example ContractsClausesexiting lendersIdentical
Exiting Lenders
Exiting Lenders contract clause examples

Replacement of Lenders. If any Lender requests compensation under Section 3.1, or if Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.4 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with [Section 3.6(a)], or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then Borrower may, at its sole expense and effort, upon notice to such Lender and Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 12.8), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.1 or Section 3.4) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Amended and Restated Credit Agreement
Source: SEC EDGAR database • Date: March 15, 2024 • SIC: 7363 • CIK: 7363
Third Amendment to Credit Agreement
Source: SEC EDGAR database • Date: May 11, 2023 • SIC: 7363 • CIK: 7363

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