Common use of Additional Commitment Lenders Clause in Contracts

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees (as an “Assuming Lender”) with the approval of the Agent and each Issuing Bank (which approval shall not be unreasonably withheld), each of which Assuming Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower and the Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Lender shall, effective as of the applicable Extension Date, undertake a Revolving Credit Commitment (and, if any such Assuming Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date).

Appears in 6 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Fourth Amendment (Science Applications International Corp)

AutoNDA by SimpleDocs

Additional Commitment Lenders. The Borrower Borrowers shall have the right on or before the applicable Extension Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” Lenders under the applicable Facility under this Agreement in place thereof, one or more Eligible Assignees (as each, an “Assuming Additional Commitment Lender”) with the approval of the Agent and each Issuing Bank (which approval shall not be unreasonably withheld), as provided in Section 11.14; provided that each of which Assuming such Additional Commitment Lenders shall have entered enter into an assumption agreement in form Assignment and substance satisfactory to the Borrower and the Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Existing Maturity Date, undertake a Revolving Credit Commitment or a Term Loan (and, if any such Assuming Additional Commitment Lender in respect of the Revolving Credit Facility is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s any other Revolving Credit Commitment of such Lender hereunder on such date; if any such Additional Commitment Lender in respect of the Term Facility is already a Term Lender, its Term Loan shall be in addition to any other Term Loan of such Lender).

Appears in 6 contracts

Samples: Credit Agreement (Novanta Inc), Credit Agreement (Novanta Inc), Credit Agreement (Novanta Inc)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” Lenders under the applicable Facility under this Agreement in place thereof, one or more Eligible Assignees (as each, an “Assuming Additional Commitment Lender”) with the approval of the Agent and each Issuing Bank (which approval shall not be unreasonably withheld), as provided in Section 11.14; provided that each of which Assuming such Additional Commitment Lenders shall have entered enter into an assumption agreement in form Assignment and substance satisfactory to the Borrower and the Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Existing Maturity Date, undertake a Revolving Credit Commitment or a Term Loan (and, if any such Assuming Additional Commitment Lender in respect of the Revolving Credit Facility is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s any other Revolving Credit Commitment of such Lender hereunder on such date; if any such Additional Commitment Lender in respect of the Term Facility is already a Term Lender, its Term Loan shall be in addition to any other Term Loan of such Lender).

Appears in 2 contracts

Samples: Credit Agreement (Gsi Group Inc), Security Agreement (Gsi Group Inc)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Existing Expiration Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees assignees permitted pursuant to Section 11.8 of this Agreement (as each, an “Assuming Additional Commitment Lender”) with the approval of the Agent Administrative Agent, the Swing Loan Lender and Issuing Lender (in each Issuing Bank (which case, such approval shall not to be unreasonably withheld, conditioned or delayed), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance reasonably satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Existing Expiration Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date).. (e)

Appears in 2 contracts

Samples: Credit Agreement (Dayton Power & Light Co), Credit Agreement (Ipalco Enterprises, Inc.)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Date Deadline to replace each Non-Extending Revolving Credit Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees replacement lenders (as each, an “Assuming Additional Commitment Lender”) with the approval of the Administrative Agent and each Issuing Bank (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension DateDeadline, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Revolving Credit Lender’s Revolving Credit Commitment hereunder on such date).

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Donaldson Co Inc)

Additional Commitment Lenders. The Borrower Borrowers shall have the right on or before the applicable Extension Existing Revolving Credit Maturity Date to replace each Non-Extending Lender with, and add as “Revolving Credit "Lenders" under this Agreement in place thereof, one or more Eligible Assignees Persons (as each, an “Assuming "ADDITIONAL COMMITMENT LENDER"; each Additional Commitment Lender, together with any Lender that extends its Commitment, being collectively called the "CONTINUING LENDERS") with the approval of the Administrative Agent and each Issuing Bank the Letter of Credit Issuer (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance satisfactory to the each Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Date, shall undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s 's Revolving Credit Commitment hereunder on such date).

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Existing Revolving Credit Maturity Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees Persons (as each, an “Assuming Additional Commitment Lender”; each Additional Commitment Lender, together with any Lender that extends its Commitment, being collectively called the “Continuing Lenders”) with the approval of the Agent Administrative Agent, the Swingline Lender and each Issuing Bank the Letter of Credit Issuer (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Date, shall undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date).

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees (as an “Assuming Lender”) with the approval of the Agent and each Issuing Bank (which approval shall not be unreasonably withheld), each of which Assuming Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower and the Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Lender shall, effective as of the applicable Extension Date, undertake a Revolving Credit Commitment (and, if any such Assuming Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such LenderXxxxxx’s Revolving Credit Commitment hereunder on such date).. 101

Appears in 1 contract

Samples: Credit Agreement (Science Applications International Corp)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Existing Expiration Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees Assignees, which may be a then existing Lender (as each, an “Assuming Additional Commitment Lender”) with the approval of the Agent Administrative Agent, Swing Loan Lender and each the Issuing Bank Lender (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Existing Expiration Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date).. (e)

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Utilities Corp)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Existing Revolving Credit Maturity Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees assignees (as each, an “Assuming Additional Commitment Lender”) with the approval of the Administrative Agent and each the Issuing Bank Lenders (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form Assignment and substance satisfactory to the Borrower and the Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, Agreement pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Initial Revolving Credit Maturity Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date).

Appears in 1 contract

Samples: Credit Agreement (3d Systems Corp)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees (as each, an “Assuming Additional Commitment Lender”) with the approval of the Administrative Agent and, if such specified credit facility is the Revolving Loan credit facility, the Issuing Lender and each Issuing Bank Swingline Lender (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption Assignment and Assumption or similar agreement in form and substance satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension extension of the Existing Stated Maturity Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date)) with respect to such specified credit facility.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

AutoNDA by SimpleDocs

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Date to replace each Non-Extending Non‑Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees (as each, an “Assuming Additional Commitment Lender”) with the approval of the Administrative Agent and, if such specified credit facility is the Revolving Loan credit facility, the Issuing Lender and each Issuing Bank Swingline Lender (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption Assignment and Assumption or similar agreement in form and substance satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension extension of the Existing Stated Maturity Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date)) with respect to such specified credit facility.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Existing Maturity Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees (as each, an “Assuming Additional Commitment Lender”) with the approval of the Agent Administrative Agent, the Swing Line Lender(s) and each Issuing Bank the L/C Issuer(s) (which approval approvals shall not be unreasonably withheld, delayed or conditioned), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Existing Maturity Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date).

Appears in 1 contract

Samples: Credit Agreement (Dayton Power & Light Co)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Date Deadline to replace each Non-Extending Revolving Credit Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees replacement lenders (as each, an “Assuming Additional Commitment Lender”) with the approval of the Administrative Agent and each Issuing Bank the L/C Issuer (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower Company and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension DateDeadline, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Revolving Credit Lender’s Revolving Credit Commitment hereunder on such date).. (e)

Appears in 1 contract

Samples: 4 Credit Agreement (Donaldson Co Inc)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Existing Revolving Credit Maturity Date to replace each Non-Extending Lender with, and add as “Revolving Credit "Lenders" under this Agreement in place thereof, one or more Eligible Assignees Persons (as each, an “Assuming "ADDITIONAL COMMITMENT LENDER"; each Additional Commitment Lender, together with any Lender that extends its Commitment, being collectively called the "CONTINUING LENDERS") with the approval of the Administrative Agent and each Issuing Bank the Letter of Credit Issuer (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Date, shall undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s 's Revolving Credit Commitment hereunder on such date).

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Existing Expiration Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees Assignees, which may be a then existing Lender (as each, an “Assuming Additional Commitment Lender”) with the approval of the Agent Administrative Agent, Swing Loan Lender and each the Issuing Bank Lender (which approval approvals shall not be unreasonably withheld), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Existing Expiration Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such LenderXxxxxx’s Revolving Credit Commitment hereunder on such date).. (e)

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Utilities Corp)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Existing Maturity Date to replace each Non-Extending Lender with, and add as “Revolving Credit "Lenders" under this Agreement in place thereof, one or more Eligible Assignees assignees permitted pursuant to Section 11.8 of this Agreement (as each, an “Assuming "Additional Commitment Lender") with the approval of the Agent Administrative Agent, the Swing Loan Lender and Issuing Lender (in each Issuing Bank (which case, such approval shall not to be unreasonably withheld, conditioned or delayed), each of which Assuming Additional Commitment Lenders shall have entered into an assumption agreement in form and substance reasonably satisfactory to the Borrower and the Administrative Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Existing Maturity Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit 's Commitment hereunder on such date).

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises, Inc.)

Additional Commitment Lenders. The Borrower shall have the right on or before the applicable Extension Date to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees acceptable to the Administrative Agent (as each, an “Assuming Additional Commitment Lender”) with the approval of the Agent and each Issuing Bank (which approval shall not be unreasonably withheld), as provided in Section 10.13; provided that each of which Assuming such Additional Commitment Lenders shall have entered enter into an assumption agreement in form Assignment and substance satisfactory to the Borrower and the Agent (an “Assumption Agreement”) duly executed by such Eligible Assignee, the Agent and the Borrower, pursuant to which such Assuming Additional Commitment Lender shall, effective as of the applicable Extension Anniversary Date, undertake a Revolving Credit Commitment (and, if any such Assuming Additional Commitment Lender is already a Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to such Lender’s Revolving Credit Commitment hereunder on such date), provided that the Extending Lenders shall have the right to increase their Commitment up to the amount of the Non-Extending Lenders’ Commitment before the Borrower will be permitted to substitute an Additional Commitment Lender for a Non-Extending Lender.

Appears in 1 contract

Samples: Altera Credit Agreement (Altera Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.