Common use of Addition of New Lender Clause in Contracts

Addition of New Lender. Subject to Article 3 hereof upon and after the Effective Date (defined below), the New Lender hereby assumes, adopts and agrees to become a party, as a Lender, to the Credit Agreement and to each other Loan Document to which the Lenders are parties and for all purposes thereof, with a Commitment Amount as stated in the amended Schedule 5 to the Credit Agreement attached hereto as Exhibit A, and the parties hereto, other than the New Lender, acknowledge and consent to such actions by the New Lender. Upon a nd after the Effective Date, the New Lender shall be a Lender under the Credit Agreement and the other Loan Documents to which the Lenders are parties and shall have all of the rights, privileges and benefits of a Lender under the Credit Agreement and the other Loan Documents, and all of the duties of a Lender thereunder, in each case as if the New Lender had been initially a party to the Credit Agreement. Upon the Effective Date (defined below), the New Lender shall make Loans as calculated by the Agent so that its outstanding Loans are equal to its respective Percentage Share of all Loans outstanding on such date and the Agent shall distribute the proceeds of such Loans to the other Lenders in accordance with their Percentage Share of all Loans outstanding on the Effective Date, in each case after giving effect to this Amendment, but prior to any additional Loans requested by the Company to be made on the Effective Date.

Addition of New Lender. Subject to Article 3 hereof Section 4 hereof, upon and after the Effective Date (defined below), the New Lender hereby assumes, adopts and agrees to become a party, as a Lender, to the Credit Loan Agreement and to each other Loan Document to which the Lenders are parties and for all purposes thereof, with a Commitment Amount as stated in the amended Schedule 5 1.1(a) to the Credit Loan Agreement attached hereto as Exhibit A, and the parties hereto, other than the New Lender, each acknowledge and consent to such actions by the New Lender. Upon a nd and after the Effective Date, the New Lender shall be a Lender under the Credit Loan Agreement and the other Loan Documents to which the Lenders are parties and shall have all of the rights, privileges and benefits of a Lender under the Credit Loan Agreement and the other Loan Documents, and all of the duties of a Lender thereunder, in each case as if the such New Lender had been initially a party to the Credit Loan Agreement. Upon the Effective Date (defined below), the New Lender shall make Loans Warehouse Advances as calculated by the Agent so that its outstanding Loans Warehouse Advances are equal to its respective Percentage Share ratable share of all Loans Warehouse Advances outstanding on such date and the Agent shall distribute the proceeds of such Loans Warehouse Advances to the other Lenders in accordance with their Percentage Share ratable share of all Loans Warehousing Advances outstanding on the Effective Date, in each case after giving effect to this Amendment, but prior to any additional Loans Warehousing Advances requested by the Company Borrower to be made on the Effective Date.

Addition of New Lender. Subject to Article 3 hereof Section 5(d) hereof, upon and after the Effective Date (defined below), the New Lender hereby assumes, adopts and agrees to become a party, as a Lender, to the Credit Loan Agreement and to each other Loan Document to which the Lenders are parties and for all purposes thereof, with a Commitment Amount as stated in the amended Schedule 5 1.1(a) to the Credit Loan Agreement attached hereto as Exhibit A, and the parties hereto, other than the New Lender, each acknowledge and consent to such actions by the New Lender. Upon a nd and after the Effective Date, the New Lender shall be a Lender under the Credit Loan Agreement and the other Loan Documents to which the Lenders are parties and shall have all of the rights, privileges and benefits of a Lender under the Credit Loan Agreement and the other Loan Documents, and all of the duties of a Lender thereunder, in each case as if the such New Lender had been initially a party to the Credit Loan Agreement. Upon the Effective Date (defined below), the New Lender shall make Loans Warehouse Advances as calculated by the Agent so that its outstanding Loans Warehouse Advances are equal to its respective Percentage Share ratable share of all Loans Warehouse Advances outstanding on such date and the Agent shall distribute the proceeds of such Loans Warehouse Advances to Fleet (defined below) in the amount of the Payoff Amount (defined below) and to the other Lenders in accordance with their Percentage Share ratable share of all Loans Warehousing Advances outstanding on the Effective Date, in each case after giving effect to this Amendment, but prior to any additional Loans Warehousing Advances requested by the Company Borrower to be made on the Effective Date.

Addition of New Lender. Subject to Article 3 Section 4 hereof upon and after the Effective Date (defined below), the New Lender hereby assumes, adopts and agrees to become a party, as a Lender, to the Credit Agreement and to each other Loan Document to which the Lenders are parties and for all purposes thereof, with a Commitment Amount as stated in the amended Schedule 5 to the Credit Agreement attached hereto as Exhibit ASchedule 5, and the parties hereto, other than the New Lender, acknowledge and consent to such actions by the New Lender. Upon a nd and after the Effective Date, the New Lender shall be a Lender under the Credit Agreement and the other Loan Documents to which the Lenders are parties and shall have all of the rights, privileges and benefits of a Lender under the Credit Agreement and the other Loan Documents, and all of the duties of a Lender thereunder, in each case as if the New Lender had been initially a party to the Credit Agreement. Upon the Effective Date (defined below), the New Lender shall make Loans as calculated by the Agent so that its outstanding Loans are equal to its respective Percentage Share of all Loans outstanding on such date and the Agent shall distribute the proceeds of such Loans to the other Lenders in accordance with their Percentage Share of all Loans outstanding on the Effective Date, in each case after giving effect to this Amendment, but prior to any additional Loans requested by the Company to be made on the Effective Date.