Common use of Amendment and Restatement of Existing Credit Agreement Clause in Contracts

Amendment and Restatement of Existing Credit Agreement. Upon the execution and delivery of this Agreement, the Existing Credit Agreement shall be amended and restated to read in its entirety as set forth herein. With effect from and including the Effective Date, (i) the Commitments of each Lender party hereto (the “Extending Lenders”) shall be as set forth on the Commitment Appendix (and any Lender under the Existing Credit Agreement that is not listed on the Commitment Appendix shall cease to be a Lender hereunder; provided that, for the avoidance of doubt, such Lender under the Existing Credit Agreement shall continue to be entitled to the benefits of Section 9.03 of the Existing Credit Agreement), (ii) the Commitment Ratio of the Extending Lenders shall be redetermined based on the Commitments set forth in the Commitment Appendix and the participations of the Extending Lenders in, and the obligations of the Extending Lenders in respect of, any Letters of Credit or Swingline Loans outstanding on the Effective Date shall be reallocated to reflect such redetermined Commitment Ratio and (iii) each JLA Issuing Bank shall have the Fronting Sublimit set forth in the JLA L/C Fronting Sublimits Appendix.

Appears in 4 contracts

Samples: Revolving Credit Agreement (LG&E & KU Energy LLC), Revolving Credit Agreement (LG&E & KU Energy LLC), Revolving Credit Agreement (LG&E & KU Energy LLC)

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Amendment and Restatement of Existing Credit Agreement. Upon the execution and delivery of this Agreement, the Existing Credit Agreement shall be amended and restated to read in its entirety as set forth herein. With effect from and including the Effective Date, (i) the Commitments of each Lender party hereto (the “Extending Consenting Lenders”) shall be as set forth on the Commitment Appendix (and any Lender under the Existing Credit Agreement that is not listed on the Commitment Appendix shall cease to be a Lender hereunderhereunder and its commitment hereunder shall be terminated; provided that, for the avoidance of doubt, such Lender under the Existing Credit Agreement shall continue to be entitled to the benefits of Section 9.03 of the Existing Credit Agreement), (ii) the Commitment Ratio of the Extending Consenting Lenders shall be redetermined based on the Commitments set forth in the Commitment Appendix A and the participations of the Extending Consenting Lenders in, and the obligations of the Extending Consenting Lenders in respect of, any Letters of Credit or Swingline Loans outstanding on the Effective Date shall be reallocated to reflect such redetermined Commitment Ratio and (iii) each JLA Issuing Bank shall have the Fronting Sublimit set forth in the JLA L/C Fronting Sublimits Appendix.Appendix B.

Appears in 3 contracts

Samples: Revolving Credit Agreement (PPL Energy Supply LLC), Revolving Credit Agreement (PPL Energy Supply LLC), Revolving Credit Agreement (PPL Energy Supply LLC)

Amendment and Restatement of Existing Credit Agreement. Upon The parties to this Agreement agree that, upon (i) the execution and delivery by each of the parties hereto of this AgreementAgreement and (ii) satisfaction of the conditions set forth in Section 4.01, the terms and provisions of the Existing Credit Agreement shall be amended and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Agreement. This Agreement is not intended to read in its entirety as set forth hereinand shall not constitute a novation. With effect from All Loans made and including the Effective Date, (i) the Commitments of each Lender party hereto (the “Extending Lenders”) shall be as set forth on the Commitment Appendix (and any Lender Obligations incurred under the Existing Credit Agreement that is not listed which are outstanding on the Commitment Appendix shall cease to be a Lender hereunder; provided that, for the avoidance of doubt, such Lender under the Existing Credit Agreement Effective Date shall continue to as Loans and Obligations under (and shall be entitled to governed by the benefits of Section 9.03 of terms of) this Agreement and the other Loan Documents. Without limiting the foregoing, upon the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit Agreement)) to the “Administrative Agent”, the “Credit Agreement” and the “Loan Documents” shall be deemed to refer to the Administrative Agent, this Agreement and the Loan Documents, (iib) the Commitment Ratio of the Extending Lenders shall be redetermined based on the Commitments set forth in the Commitment Appendix and the participations of the Extending Lenders in, and the obligations of the Extending Lenders in respect of, any Letters of Credit or Swingline Existing Loans which remain outstanding on the Effective Date shall be reallocated to reflect such redetermined Commitment Ratio and (iii) each JLA Issuing Bank shall have the Fronting Sublimit reevidenced as “Revolving Loans” under this Agreement as set forth in Section 2.01, (c) any Existing Letters of Credit which remain outstanding on the JLA L/C Fronting Sublimits AppendixEffective Date shall continue as Letters of Credit under (and shall be governed by the terms of) this Agreement and (d) all obligations constituting “Obligations” with any Lender or any Affiliate of any Lender which are outstanding on the Effective Date shall continue as Obligations under this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Wellcare Health Plans, Inc.)

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Amendment and Restatement of Existing Credit Agreement. Upon The parties to this Agreement agree that, upon (i) the execution and delivery by each of the parties hereto of this AgreementAgreement and (ii) satisfaction of the conditions set forth in Section 4.01, the terms and provisions of the Existing Credit Agreement shall be amended and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Agreement. This Agreement is not intended to read in its entirety as set forth hereinand shall not constitute a novation. With effect from All Loans made and including the Effective Date, (i) the Commitments of each Lender party hereto (the “Extending Lenders”) shall be as set forth on the Commitment Appendix (and any Lender Obligations incurred under the Existing Credit Agreement that is not listed which are outstanding on the Commitment Appendix shall cease to be a Lender hereunder; provided that, for the avoidance of doubt, such Lender under the Existing Credit Agreement Effective Date shall continue to as Loans and Obligations under (and shall be entitled to governed by the benefits of Section 9.03 of terms of) this Agreement and the other Loan Documents. Without limiting the foregoing, upon the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit Agreement)) to the “Administrative Agent”, the “Credit Agreement” and the “Loan Documents” shall be deemed to refer to the Administrative Agent, this Agreement and the Loan Documents, (iib) the Commitment Ratio of the Extending Lenders shall be redetermined based on the Commitments set forth in the Commitment Appendix and the participations of the Extending Lenders in, and the obligations of the Extending Lenders in respect of, any Letters of Credit or Swingline Existing Loans which remain outstanding on the Effective Date shall be reallocated to reflect such redetermined Commitment Ratio and (iii) each JLA Issuing Bank shall have the Fronting Sublimit reevidenced as “Revolving Loans” under this Agreement as set forth in Section 2.01, (c) any Existing Letters of Credit which remain outstanding on the JLA L/C Fronting Sublimits Appendix.Effective Date shall continue as Letters of Credit under (and shall be governed by the terms of) this Agreement and (d) all obligations constituting “Obligations” with any Lender or any Affiliate of any Lender which are outstanding on the Effective Date shall continue as Obligations under this Agreement and the other Loan Documents. ARTICLE II

Appears in 1 contract

Samples: Credit Agreement (Wellcare Health Plans, Inc.)

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