Common use of Affected Lenders Clause in Contracts

Affected Lenders. If any Lender requests compensation pursuant to Section 4.1., or the obligation of any Lender to make LIBOR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Loans shall be suspended pursuant to Section 4.1.(b) or 4.3., then, so long as there does not then exist any Default or Event of Default, Borrower may (but shall not be obligated to) take either of the following actions: (a) demand that such Lender (the "Affected Lender"), and upon such demand the Affected Lender shall promptly, assign its Commitment to an Eligible Assignee subject to and in accordance with the provisions of Section 10.8.

Appears in 2 contracts

Samples: Credit Agreement (Security Capital Group Inc/), Credit Agreement (Security Capital Group Inc/)

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Affected Lenders. If any Lender requests compensation pursuant to Section 4.1., or the obligation of any Lender to make LIBOR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Loans shall be suspended pursuant to Section 4.1.(b) or 4.3., then, so long as there does not then exist any Default or Event of Default, Borrower may (but shall not be obligated to) take either of the following actions: (a) demand that such Lender (the "Affected Lender"), and upon such demand the Affected Lender shall promptly, assign its Commitment (or, if the Term Loans have been made, such Lender's Term Loan) to an Eligible Assignee subject to and in accordance with the provisions of Section 10.8.

Appears in 1 contract

Samples: Term Loan Agreement (Security Capital Group Inc/)

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Affected Lenders. If any Lender requests compensation pursuant to Section 3.12. or 4.1., or the obligation of any Lender to make LIBOR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Loans shall be suspended pursuant to Section 4.1.(b) ), 4.2. or 4.3., then, so long as there does not then exist any Default or Event of Default, the Borrower may (but shall not be obligated to) take either of the following actions: (a) demand that such Lender (the "Affected Lender"), and upon such demand the Affected Lender shall promptly, assign its Commitment Commitments to an Eligible Assignee subject to and in accordance with the provisions of Section 10.812.6.

Appears in 1 contract

Samples: Credit Agreement (Physicians Specialty Corp)

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