Common use of Affiliates of Lenders as Ancillary Lenders Clause in Contracts

Affiliates of Lenders as Ancillary Lenders. (i) Subject to the terms of this Agreement, an Affiliate of any Revolving Lender may become an Ancillary Lender, in which case, to the extent the Ancillary Facility established by such Affiliate was in respect of the same Tranche of Revolving Commitments as the Revolving Commitments of such Revolving Lender, such Revolving Lender and such Affiliate shall be treated as a single Revolving Lender under the same Tranche of Revolving Commitments whose Revolving Commitment under such Tranche is as set forth in Schedule 2.01 or in the Assignment and Assumption pursuant to which such Revolving Lender assumed its Revolving Commitment or is assumed pursuant to Section 2.13 to the extent such Revolving Commitment has not be terminated, reduced or transferred by it under this Agreement; it being understood that the relevant Revolving Xxxxxx’s unused Revolving Commitment will be reduced to the extent of the Ancillary Commitment established by such Affiliate. (ii) To the extent that this Agreement or any other Credit Document imposes any obligation on any Ancillary Lender and such Ancillary Lender is an Affiliate of a Revolving Lender and not a party thereto, the relevant Revolving Lender shall ensure that such obligation is performed by such Affiliate in compliance with the terms hereof or such other Credit Document.

Appears in 5 contracts

Samples: Credit Agreement (Iridium Communications Inc.), Credit Agreement (Iridium Communications Inc.), Credit Agreement (Iridium Communications Inc.)

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Affiliates of Lenders as Ancillary Lenders. (i) Subject to the terms of this Agreement, an Affiliate of any Revolving Lender may become an Ancillary Lender, in which case, to the extent the Ancillary Facility established by such Affiliate was in respect of the same Tranche of Revolving Commitments as the Revolving Commitments of such Revolving Lender, such Revolving Lender and such Affiliate shall be treated as a single Revolving Lender under the same Tranche of Revolving Commitments whose Revolving Commitment under such Tranche is as set forth in Schedule 2.01 or in the Assignment and Assumption pursuant to which such Revolving Lender assumed its Revolving Commitment or is assumed pursuant to Section 2.13 to the extent such Revolving Commitment has not be terminated, reduced or transferred by it under this Agreement; it being understood that the relevant Revolving XxxxxxLender’s unused Revolving Commitment will be reduced to the extent of the Ancillary Commitment established by such Affiliate. (ii) To the extent that this Agreement or any other Credit Document imposes any obligation on any Ancillary Lender and such Ancillary Lender is an Affiliate of a Revolving Lender and not a party thereto, the relevant Revolving Lender shall ensure that such obligation is performed by such Affiliate in compliance with the terms hereof or such other Credit Document.

Appears in 3 contracts

Samples: Credit Agreement (Iridium Communications Inc.), Credit Agreement (Iridium Communications Inc.), Credit Agreement (Iridium Communications Inc.)

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Affiliates of Lenders as Ancillary Lenders. (i) Subject to the terms of this Agreement, an Affiliate of any Revolving Credit Lender may become an Ancillary Lender, in which case, to the extent the Ancillary Facility established by such Affiliate was in respect of the same Revolving Tranche of Revolving Commitments as the Revolving Credit Commitments of such Revolving Credit Lender, such Revolving Credit Lender and such Affiliate shall be treated as a single Revolving Credit Lender under the same Revolving Tranche of Revolving Commitments whose Revolving Credit Commitment under such Revolving Tranche is as set forth in Schedule 2.01 or in the Assignment and Assumption pursuant to which such Revolving Credit Lender assumed its Revolving Credit Commitment or is assumed pursuant to Section 2.13 2.14 under the applicable Revolving Tranche to the extent such Revolving Credit Commitment has not be terminated, reduced or transferred by it under this Agreement; it being understood that the relevant Revolving XxxxxxCredit Lender’s unused Revolving Credit Commitment under any Revolving Tranche will be reduced to the extent of the Ancillary Commitment established in respect of the same Revolving Tranche by such Affiliate. (ii) To the extent that this Agreement or any other Credit Loan Document imposes any obligation on any Ancillary Lender and such Ancillary Lender is an Affiliate of a Revolving Credit Lender and not a party thereto, the relevant Revolving Credit Lender shall ensure that such obligation is performed by such Affiliate in compliance with the terms hereof or such other Credit Loan Document. (iii) Each Ancillary Lender, in its capacity as such, hereby appoints the Administrative Agent and the Collateral Agent as its agent for purposes of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Atotech LTD)

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