Common use of Addition of Purchasers or Groups Clause in Contracts

Addition of Purchasers or Groups. The Seller may, with written notice to the Administrative Agent and each Group Agent, add additional Persons as Purchasers (by creating a new Group) or cause an existing Purchaser or LC Participant to increase its Commitment; provided, however, that the Commitment of any existing Purchaser or LC Participant may only be increased with the prior written consent of such Purchaser or LC Participant. Each new Purchaser or LC Participant (or Group) shall become a party hereto, by executing and delivering to the Administrative Agent and the Seller, an assumption agreement (each, an “Assumption Agreement”) in the form of Exhibit D hereto (which Assumption Agreement shall, in the case of any new Purchaser or LC Participant, be executed by each Person in such new Purchaser’s Group).

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Ashland Global Holdings Inc)

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Addition of Purchasers or Groups. The Seller may, with written notice to the Administrative Agent and each Group Agent, add additional Persons as Purchasers (by creating a new Group) or cause an existing Purchaser or LC Participant to increase its Commitment; provided, however, that the Commitment of any existing Purchaser or LC Participant may only be increased with the prior written consent of such Purchaser or LC Participant. Each new Purchaser or LC Participant (or Group) shall become a party hereto, by executing and delivering to the Administrative Agent and the Seller, an assumption agreement (each, an “Assumption 748740795 18564151 Agreement”) in the form of Exhibit D hereto (which Assumption Agreement shall, in the case of any new Purchaser or LC Participant, be executed by each Person in such new Purchaser’s Group).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ashland Inc.)

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