Common use of Addition and Replacement of Issuing Lenders Clause in Contracts

Addition and Replacement of Issuing Lenders. Any Revolver Lender may become an Issuing Lender at any time by written agreement between the Borrower, the Administrative Agent, and such Revolver Lender. Any Issuing Lender may be replaced by a Revolver Lender at any time by written agreement between the Borrower, the Administrative Agent, the replaced Issuing Lender and such Revolver Lender. The Administrative Agent shall notify the Lenders of any such change of an Issuing Lender. At the time any such change shall become effective, the Borrower shall pay all unpaid fees accrued for account of the replaced Issuing Lender pursuant to Section 3.3.2. From and after the effective date of any such change, (a) the Revolver Lender becoming an Issuing Lender shall have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit to be Issued thereafter and (b) references herein to the term "Issuing Lender" shall be deemed to refer to such new or to any previous Issuing Lender, or to such new and all previous Issuing Lenders, as the context shall require. After the replacement of an Issuing Lender hereunder, the replaced Issuing Lender shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit Issued by it prior to such replacement, but shall not be required to Issue additional Letters of Credit.

Addition and Replacement of Issuing Lenders. Any Revolver Lender may become an Issuing Lender at any time by written agreement between the Borrower, the Administrative Agent, and such Revolver Lender. Any Issuing Lender may be replaced by a Revolver Lender at any time by written agreement between the Borrower, the Administrative Agent, the replaced Issuing Lender and such Revolver Lender. The Administrative Agent shall notify the Lenders of any such change of an Issuing Lender. At the time any such change shall become effective, the Borrower shall pay all unpaid fees accrued for account of the replaced Issuing Lender pursuant to Section 3.3.2. From and after the effective date of any such change, (a) the Revolver Lender becoming an Issuing Lender shall have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit to be Issued thereafter and (b) references herein to the term "“Issuing Lender" ” shall be deemed to refer to such new or to any previous Issuing Lender, or to such new and all previous Issuing Lenders, as the context shall require. After the replacement of an Issuing Lender hereunder, the replaced Issuing Lender shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit Issued by it prior to such replacement, but shall not be required to Issue additional Letters of Credit.

Addition and Replacement of Issuing Lenders. Any Revolver Lender may become an Issuing Lender at any time by written agreement between the Borrower, the Administrative Agent, and such Revolver Lender. Any Issuing Lender may be replaced by a Revolver Lender at any time by written agreement between the Borrower, the Administrative Agent, the replaced Issuing Lender and such Revolver Lender. The Administrative Agent shall notify the Lenders of any such change of an Issuing Lender. At the time any such change shall become effective, the Borrower shall pay all unpaid fees accrued for account of the replaced Issuing Lender pursuant to Section 3.3.2. From and after the effective date of any such change, (a) the Revolver Lender becoming an Issuing Lender shall have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit to be Issued thereafter and (b) references herein to the term "Issuing Lender" shall be deemed to refer to such new or to any previous Issuing Lender, or to such new and all previous Issuing Lenders, as the context shall require. After the replacement of an Issuing Lender hereunder, the replaced Issuing Lender shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit Issued by it prior to such replacement, but shall not be required to Issue additional Letters of Credit.