Common use of Action of Affected Funding Parties Clause in Contracts

Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section 7.5(c) or (d); provided, however, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 in connection with such ----------- transfer shall be for the account of the Lessee.

Appears in 2 contracts

Samples: Master Agreement (Jones Financial Companies Lp LLP), Master Agreement (Jones Financial Companies Lp LLP)

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Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section 7.5(c) or (d); provided, however, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens reasonably deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 in connection with such ----------- transfer shall be for the account of the Lessee.

Appears in 1 contract

Samples: Lease Participation Agreement (Aaron Rents Inc)

Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section 7.5(c) or (d); provided, however, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens reasonably deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's ’s Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 in connection with such ----------- transfer shall be for the account of the Lessee.

Appears in 1 contract

Samples: Master Agreement (Checkfree Corp \Ga\)

Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section SECTION 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section SECTION 7.5(c) or (d); providedPROVIDED, howeverHOWEVER, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens reasonably deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section SECTION 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- PartyAFFECTED FUNDING PARTY") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section SECTION 6.2; providedPROVIDED, howeverHOWEVER, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee ADESA may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section SECTION 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section SECTION 6.2 in connection with such ----------- transfer shall be for the account of ADESA and the LesseeLessees.

Appears in 1 contract

Samples: Master Agreement (Allete Inc)

Action of Affected Funding Parties. Each Funding Party agrees to ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section ------- 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section ------ ------- 7.5(c) or (d); provided, however, that such efforts shall not -------------- cause the ------ --- -------- cause the ------- imposition on such Funding Party of any additional costs or legal or regulatory burdens reasonably deemed by such Funding Party to be material and shall not be reasonably deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section ------- 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use ------ --- ---------------------- its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be ----------- -------- ------- reasonably deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee Xxxx Furniture may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its ----------- Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 ----------- in connection with such ----------- transfer shall be for the account of Xxxx Companies and the LesseeLessees.

Appears in 1 contract

Samples: Master Agreement (Rowe Companies)

Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section 7.5(c) or (d); provided, however, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens reasonably deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee ChoicePoint may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 in connection with such ----------- transfer shall be for the account of the Lessee.Party

Appears in 1 contract

Samples: Master Agreement (Choicepoint Inc)

Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section 7.5(c) or (d); provided, however, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens reasonably deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee DAP SUB may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 in connection with such ----------- transfer shall be for the account of DAP and the LesseeLessees.

Appears in 1 contract

Samples: Master Agreement (Discount Auto Parts Inc)

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Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section 7.5(c) or (d); provided, however, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens reasonably deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee ChoicePoint may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 in connection with such ----------- transfer shall be for the account of ChoicePoint and the LesseeLessees.

Appears in 1 contract

Samples: Master Agreement (Choicepoint Inc)

Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section 7.5(c) or (d); provided, however, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee DTD may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 in connection with such ----------- transfer shall be for the account of DTD and the LesseeLessees.

Appears in 1 contract

Samples: Master Agreement (Dollar Tree Stores Inc)

Action of Affected Funding Parties. Each Funding Party agrees ---------------------------------- to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to Section 7.5(a) or any amounts which might otherwise be payable pursuant -------------- to Section 7.5(c) or (d); provided, however, that such efforts shall not -------------- --- -------- cause the imposition on such Funding Party of any additional costs or legal or regulatory burdens reasonably deemed by such Funding Party to be material and shall not be deemed by such Funding Party to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to Section 7.5(c) or (d), then such Funding Party (the "Affected Funding -------------- --- ---------------- Party") shall use its reasonable efforts to transfer to any other Funding ----- Party (which itself is not then an Affected Funding Party) its Loans and Commitment, subject to the provisions of Section 6.2; provided, however, ----------- -------- that such transfer shall not be deemed by such Affected Funding Party, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Funding Party is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Lessee Borders may designate an alternate lender (reasonably acceptable to the Agent) to purchase the Affected Funding Party's Loans and Commitment, at par and including accrued interest, and, subject to the provisions of Section 6.2, ----------- the Affected Funding Party shall transfer its Commitment to such alternate lender and such alternate lender shall become a Funding Party hereunder. Any fee payable to the Agent pursuant to Section 6.2 in connection with such ----------- transfer shall be for the account of the Lessee.Party

Appears in 1 contract

Samples: Master Agreement (Borders Group Inc)

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