Common use of Additional/Replacement Revolving Credit Commitments Clause in Contracts

Additional/Replacement Revolving Credit Commitments. of the Credit Agreement provides that the Borrower, Holdings, each current Lender (for purposes of this definition, as defined in the Credit Agreement) and each Additional Lender (for purposes of this definition, as defined in the Credit Agreement) providing an Additional/Replacement Revolving Credit Commitment (for purposes of this definition, as defined in the Credit Agreement) (and together with the Incremental Term Loans, the “Incremental Facilities”) (collectively, the “Incremental Revolving Lenders” and together with the Incremental Term Lenders, collectively the “Incremental Lenders”), and the Administrative Agent may enter into an Incremental Agreement (for purposes of this definition, as defined in the Credit Agreement) to provide for the Additional/Replacement Revolving Credit Commitments and Revolving Credit Loans contemplated to be provided pursuant to this Agreement. The Borrower has requested that the Incremental Revolving Lenders collectively provide Additional/Replacement Revolving Credit Commitments hereunder in an aggregate principal amount as set forth on Schedule 1.1(a) hereto (the “Incremental Revolving Credit Commitment”) on the Fourth Amendment Effective Date, and each Incremental Revolving Lender is prepared to provide a portion of such Incremental Revolving Credit Commitment, in the respective amounts set forth opposite such Incremental Revolving Lender’s name on Schedule 1.1(a) hereto, in each case subject to the other terms and conditions set forth herein;

Appears in 1 contract

Samples: Fourth Amendment (LPL Financial Holdings Inc.)

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Additional/Replacement Revolving Credit Commitments. Pursuant to Section 2.14 of the Credit Agreement provides Agreement, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, on and as of the Eighth Amendment Effective Date: (a) each Incremental Revolving Lender hereby agrees that the Borrower, Holdings, each current Lender (for purposes A) as contemplated by Section 2.14 of this definition, as defined in the Credit Agreement) and each Additional , such Incremental Revolving Lender (for purposes of this definition, as defined in the Credit Agreement) providing an Additional/Replacement shall have a new Revolving Credit Commitment (for purposes of this definition, as defined in the Credit Agreement) (and together with the Incremental Term Loans, the “Incremental Facilities”) (collectively, the “Incremental Revolving Lenders” and together with the Incremental Term Lenders, collectively the “Incremental Lenders”)Commitment, and the Administrative Agent may enter into an Incremental Agreement (for purposes of this definition, as defined in the Credit Agreement) shall severally agree to provide for the Additional/Replacement Revolving Credit Commitments and make Revolving Credit Loans contemplated to be provided pursuant to this Agreement. The Borrower has requested that thereto on and after the Incremental Revolving Lenders collectively provide Additional/Replacement Revolving Credit Commitments hereunder in an aggregate principal amount as set forth on Schedule 1.1(a) hereto (the “Incremental Revolving Credit Commitment”) on the Fourth Eighth Amendment Effective Date, and in each Incremental Revolving Lender is prepared case in an amount equal to provide a portion of such Incremental Revolving Credit Commitment, in the respective amounts amount set forth opposite such Incremental Revolving Lender’s name under the heading “Incremental Revolving Credit Commitment Amount” on Schedule 1.1(a) heretoto this Agreement, in each case subject to on the other terms and conditions set forth herein;that are applicable to the “Revolving Credit Facility” and (B) such Incremental Revolving Lender shall (x) in the case of an Incremental Revolving Lender that is a Revolving Credit Lender under the Credit Agreement, continue to be a “Revolving Credit Lender” and a “Lender” for all purposes of, and subject to all the obligations of a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents, (y) in the case of an Incremental Revolving Lender that is a Lender, but is not a Revolving Credit Lender, under the Credit Agreement, continue to be a “Lender”, and be deemed to be, and shall become, a “Revolving Credit Lender”, for all purposes of, and subject to all the obligations of a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents, and (z) in the case of an Incremental Revolving Lender that is not an existing Lender under the Credit Agreement, be deemed to be, and shall become, an “Additional Lender”, a “Revolving Credit Lender” and a “Lender” for all purposes of, and subject to all the obligations of an “Additional Lender”, a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents. Each Credit Party and the Administrative Agent hereby agree that, from and after the Eighth Amendment Effective Date, each Incremental Revolving Lender shall be deemed to be, and shall become, an “Additional Lender”, a “Revolving Credit Lender” and a “Lender”, as applicable, for all purposes of, and with all the rights and remedies of an “Additional Lender”, a “Revolving Credit Lender” and a “Lender”, as applicable, under, the Amended Credit Agreement and the other Credit Documents; and

Appears in 1 contract

Samples: Eighth Amendment (LPL Financial Holdings Inc.)

Additional/Replacement Revolving Credit Commitments. of the Credit Agreement provides that the Borrower, Holdings, each current Lender (for purposes of this definition, as defined in the Credit Agreement) and each Additional Lender (for purposes of this definition, as defined in the Credit Agreement) providing an Additional/Replacement Revolving Credit Commitment (for purposes of this definition, as defined in the Credit Agreement) (and together with the Incremental Term Loans, the “Incremental Facilities”) (collectively, the “Incremental Revolving Lenders” and together with the Incremental Term Lenders, collectively the “Incremental Lenders”), and the Administrative Agent may enter into an Incremental Agreement (for purposes of this definition, as defined in the Credit Agreement) to provide for the Additional/Replacement Revolving Credit Commitments and Revolving Credit Loans contemplated to be provided pursuant to this Agreement. The Borrower has requested that the Incremental Revolving Lenders collectively provide Additional/Replacement Revolving Credit Commitments hereunder in an aggregate principal amount as set forth on Schedule 1.1(a) hereto (the “Incremental Revolving Credit Commitment”) on the Fourth Second Amendment Effective Date, and each Incremental Revolving Lender is prepared to provide a portion of such Incremental Revolving Credit Commitment, in the respective amounts set forth opposite such Incremental Revolving Lender’s name on Schedule 1.1(a) hereto, in each case subject to the other terms and conditions set forth herein;

Appears in 1 contract

Samples: Second Amendment (LPL Financial Holdings Inc.)

Additional/Replacement Revolving Credit Commitments. Pursuant to Section 2.14 of the Credit Agreement provides Agreement, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, on and as of the Seventh Amendment Effective Date: (a) each Incremental Revolving Lender hereby agrees that the Borrower, Holdings, each current Lender (for purposes A) as contemplated by Section 2.14 of this definition, as defined in the Credit Agreement) and each Additional , such Incremental Revolving Lender (for purposes of this definition, as defined in the Credit Agreement) providing an Additional/Replacement shall have a new Revolving Credit Commitment (for purposes of this definition, as defined in the Credit Agreement) (and together with the Incremental Term Loans, the “Incremental Facilities”) (collectively, the “Incremental Revolving Lenders” and together with the Incremental Term Lenders, collectively the “Incremental Lenders”)Commitment, and the Administrative Agent may enter into an Incremental Agreement (for purposes of this definition, as defined in the Credit Agreement) shall severally agree to provide for the Additional/Replacement Revolving Credit Commitments and make Revolving Credit Loans contemplated to be provided pursuant to this Agreement. The Borrower has requested that thereto on and after the Incremental Revolving Lenders collectively provide Additional/Replacement Revolving Credit Commitments hereunder in an aggregate principal amount as set forth on Schedule 1.1(a) hereto (the “Incremental Revolving Credit Commitment”) on the Fourth Seventh Amendment Effective Date, and in each Incremental Revolving Lender is prepared case in an amount equal to provide a portion of such Incremental Revolving Credit Commitment, in the respective amounts amount set forth opposite such Incremental Revolving LenderXxxxxx’s name under the heading “Incremental Revolving Credit Commitment Amount” on Schedule 1.1(a) heretoto this Agreement, in each case subject to on the other terms and conditions set forth herein;that are applicable to the “Revolving Credit Facility” and (B) such Incremental Revolving Lender shall (x) in the case of an Incremental Revolving Lender that is a Revolving Credit Lender under the Credit Agreement, continue to be a “Revolving Credit Lender” and a “Lender” for all purposes of, and subject to all the obligations of a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents, (y) in the case of an Incremental Revolving Lender that is a Lender, but is not a Revolving Credit Lender, under the Credit Agreement, continue to be a “Lender”, and be deemed to be, and shall become, a “Revolving Credit Lender”, for all purposes of, and subject to all the obligations of a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents, and (z) in the case of an Incremental Revolving Lender that is not an existing Lender under the Credit Agreement, be deemed to be, and shall become, an “Additional Lender”, a “Revolving Credit Lender” and a “Lender” for all purposes of, and subject to all the obligations of an “Additional Lender”, a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents. Each Credit Party and the Administrative Agent hereby agree that, from and after the Seventh Amendment Effective Date, each Incremental Revolving Lender shall be deemed to be, and shall become, an “Additional Lender”, a “Revolving Credit Lender” and a “Lender”, as applicable, for all purposes of, and with all the rights and remedies of an “Additional Lender”, a “Revolving Credit Lender” and a “Lender”, as applicable, under, the Amended Credit Agreement and the other Credit Documents; and

Appears in 1 contract

Samples: Seventh Amendment (LPL Financial Holdings Inc.)

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Additional/Replacement Revolving Credit Commitments. Pursuant to Section 2.14 of the Credit Agreement provides Agreement, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, on and as of the Fifth Amendment Effective Date: (a) each Incremental Revolving Lender hereby agrees that the Borrower, Holdings, each current Lender (for purposes A) as contemplated by Section 2.14 of this definition, as defined in the Credit Agreement) and each Additional , such Incremental Revolving Lender (for purposes of this definition, as defined in the Credit Agreement) providing an Additional/Replacement shall have a new Revolving Credit Commitment (for purposes of this definition, as defined in the Credit Agreement) (and together with the Incremental Term Loans, the “Incremental Facilities”) (collectively, the “Incremental Revolving Lenders” and together with the Incremental Term Lenders, collectively the “Incremental Lenders”)Commitment, and the Administrative Agent may enter into an Incremental Agreement (for purposes of this definition, as defined in the Credit Agreement) shall severally agree to provide for the Additional/Replacement Revolving Credit Commitments and make Revolving Credit Loans contemplated to be provided pursuant to this Agreement. The Borrower has requested that thereto on and after the Incremental Revolving Lenders collectively provide Additional/Replacement Revolving Credit Commitments hereunder in an aggregate principal amount as set forth on Schedule 1.1(a) hereto (the “Incremental Revolving Credit Commitment”) on the Fourth Fifth Amendment Effective Date, and in each Incremental Revolving Lender is prepared case in an amount equal to provide a portion of such Incremental Revolving Credit Commitment, in the respective amounts amount set forth opposite such Incremental Revolving Lender’s name under the heading “Incremental Revolving Credit Commitment Amount” on Schedule 1.1(a) heretoto this Agreement, in each case subject to on the other terms and conditions set forth herein;that are applicable to the “Revolving Credit Facility” and (B) such Incremental Revolving Lender shall (x) in the case of an Incremental Revolving Lender that is a Revolving Credit Lender under the Credit Agreement, continue to be a “Revolving Credit Lender” and a “Lender” for all purposes of, and subject to all the obligations of a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents, (y) in the case of an Incremental Revolving Lender that is a Lender, but is not a Revolving Credit Lender, under the Credit Agreement, continue to be a “Lender”, and be deemed to be, and shall become, a “Revolving Credit Lender”, for all purposes of, and subject to all the obligations of a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents, and (z) in the case of an Incremental Revolving Lender that is not an existing Lender under the Credit Agreement, be deemed to be, and shall become, an “Additional Lender”, a “Revolving Credit Lender” and a “Lender” for all purposes of, and subject to all the obligations of an “Additional Lender”, a “Revolving Credit Lender” and a “Lender” under the Amended Credit Agreement and the other Credit Documents. Each Credit Party and the Administrative Agent hereby agree that, from and after the Fifth Amendment Effective Date, each Incremental Revolving Lender shall be deemed to be, and shall become, an “Additional Lender”, a “Revolving Credit Lender” and a “Lender”, as applicable, for all purposes of, and with all the rights and remedies of an “Additional Lender”, a “Revolving Credit Lender” and a “Lender”, as applicable, under, the Amended Credit Agreement and the other Credit Documents; and

Appears in 1 contract

Samples: Fifth Amendment (LPL Financial Holdings Inc.)

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