Additional Banks. If (and only if) the Required Banks (not including the newly undertaken commitments of any Additional Banks) have agreed to extend their Commitment Termination Date, the Borrower shall have the right on or before the Existing Termination Date to replace each Non-Extending Bank with, and add as “Banks” under this Agreement in place thereof, one or more Purchasing Banks (each, an “Additional Bank”) as provided in Sections 6.6 and 13.5(c), each of which Additional Banks shall have entered into a Transfer Supplement pursuant to which such Additional Bank shall, effective as of the date (no later than the Existing Termination Date) specified in such Transfer Supplement, undertake a Commitment (and, if any such Additional Bank is already a Bank, its Commitment shall be in addition to such Bank’s Commitment hereunder on such date).
Appears in 5 contracts
Samples: Credit Agreement (American Honda Finance Corp), Five Year Credit Agreement (American Honda Finance Corp), Five Year Credit Agreement (American Honda Finance Corp)
Additional Banks. If (and only if) the Required Majority Banks (not including the newly undertaken commitments of any Additional Banks) have agreed to extend their Commitment Termination Date, the Borrower shall have the right on or before the Existing Termination Date to replace each Non-Extending Bank with, and add as “Banks” under this Agreement in place thereof, one or more Purchasing Banks Eligible Assignees (each, an “Additional Bank”) as provided in Sections 6.6 and 13.5(c)Section 3.7, each of which Additional Banks shall have entered into a Transfer Supplement an Assignment and Assumption pursuant to which such Additional Bank shall, effective as of the date (no later than the Existing Termination Date) specified in such Transfer Supplement, undertake a Commitment (and, if any such Additional Bank is already a Bank, its Commitment shall be in addition to such Bank’s Commitment hereunder on such date).
Appears in 2 contracts
Samples: Credit Agreement (Nike Inc), Credit Agreement (Nike Inc)
Additional Banks. If (and only if) the Required Majority Banks (not including the newly undertaken commitments of any Additional Banks) ________________ have agreed to extend their Commitment Termination Date, the Borrower shall have the right on or before the Existing Termination Date to replace each Non-Non- Extending Bank with, and add as “"Banks” " under this Agreement in place thereof, one or more Purchasing Banks Eligible Assignees (each, an “"Additional Bank”") as _______________ provided in Sections 6.6 and 13.5(c)Section 3.7, each of which Additional Banks shall have entered ___________ into a Transfer Supplement an Assignment and Assumption pursuant to which such Additional Bank shall, effective as of the date (no later than the Existing Termination Date) specified in such Transfer Supplement, undertake a Commitment (and, if any such Additional Bank is already a Bank, its Commitment shall be in addition to such Bank’s 's Commitment hereunder on such date).
Appears in 1 contract
Samples: Credit Agreement (Nike Inc)