Common use of Additional Commitment Banks Clause in Contracts

Additional Commitment Banks. The Company 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 Eligible Assignees (each, an “Additional Commitment Bank”) as provided in Section 3.7, each of which Additional Commitment Banks shall have entered into an Assignment and Assumption pursuant to which such Additional Commitment Bank shall, effective as of the Existing Termination Date, undertake a Commitment (and, if any such Additional Commitment 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.)

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Additional Commitment Banks. The Company 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 Eligible Assignees (each, an “Additional Commitment Bank”) as provided in Section 3.7, each of which Additional Commitment Banks shall have entered into an Assignment and Assumption pursuant to which such Additional Commitment Bank shall, effective as of the Existing Termination Date, 156389297_7 undertake a Commitment (and, if any such Additional Commitment Bank is already a Bank, its Commitment shall be in addition to such Bank’s Commitment hereunder on such date).

Appears in 1 contract

Samples: Credit Agreement (NIKE, Inc.)

Additional Commitment Banks. The Company Funds and the Portfolios 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 Eligible Assignees Lenders (each, an "Additional Commitment Bank") as provided in Section 3.713.9, each of which Additional Commitment Banks shall have entered into an Assignment and Assumption Acceptance pursuant to which such Additional Commitment Bank shall, effective as of the Existing Termination Date, undertake a Commitment (and, if any such Additional Commitment 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 (Legg Mason Light Street Trust Inc)

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Additional Commitment Banks. The Company 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 Eligible Assignees (each, an “Additional Commitment Bank”) as provided in Section 3.76.6, provided that each of which such Additional Commitment Banks shall have entered enter into an Assignment and Assumption pursuant to which such Additional Commitment Bank shall, effective as of the Existing Commitment Termination Date, undertake a Commitment (and, if any such Additional Commitment Bank is already a Bank, its Commitment shall be in addition to such Bank’s Commitment hereunder on such date).

Appears in 1 contract

Samples: Assignment and Assumption (Hunt J B Transport Services Inc)

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