Common use of Alternate Office; Minimization of Costs Clause in Contracts

Alternate Office; Minimization of Costs. 2.9.1 To the extent reasonably possible, each Lender shall designate an alternative Lending Office with respect to its LIBOR Loans and otherwise take any reasonable actions to reduce any liability of Borrowers to any Lender under Section 2.5.4, 2.7.3, 2.7.4 or 2.8, or to avoid the unavailability of any Type of Loans under Section 2.7.2 so long as (in the case of the designation of an alternative Lending Office) such Lender, in its sole discretion, determines that (a) such designation is not disadvantageous to such Lender and (b) such actions would eliminate or reduce liability to such Lender. Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or actions within 10 Business Days of demand thereof to Borrowers.

Appears in 2 contracts

Samples: Credit Agreement (Renegy Holdings, Inc.), Credit Agreement (Renegy Holdings, Inc.)

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Alternate Office; Minimization of Costs. 2.9.1 2.7.1 To the extent reasonably possible, each Lender shall designate an alternative Lending Office with respect to its LIBOR Term Loans and otherwise take any reasonable actions to reduce any liability of Borrowers Borrower to any Lender under Section 2.5.42.3.4, 2.7.32.5.3, 2.7.4 2.5.4 or 2.82.6, or to avoid the unavailability of any Type of Term Loans under Section 2.7.2 2.5.2 so long as (in the case of the designation of an alternative Lending Office) such Lender, in its sole discretion, determines that (a) such designation is not disadvantageous to such Lender and (b) such actions would eliminate or reduce liability to such Lender. Borrowers Borrower hereby agree agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or actions within 10 Business ten Banking Days of demand thereof to BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

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Alternate Office; Minimization of Costs. 2.9.1 2.10.1 To the extent reasonably possible, each Lender shall designate an alternative Lending Office with respect to its LIBOR Loans and otherwise take any reasonable actions to reduce any liability of Borrowers Borrower to any Lender under Section 2.5.42.6.4, 2.7.32.8.3, 2.7.4 2.8.4 or 2.82.9, or to avoid the unavailability of any Type of Loans under Section 2.7.2 2.8.2 so long as (in the case of the designation of an alternative Lending Office) such Lender, in its sole discretion, determines that (a) such designation is not disadvantageous to such Lender and (b) such actions would eliminate or reduce liability to such Lender. Borrowers Borrower hereby agree agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or actions within 10 Business Banking Days of demand thereof to BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

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