Common use of Assignments and Reallocation of Commitments and Loans Clause in Contracts

Assignments and Reallocation of Commitments and Loans. The Lenders have agreed among themselves, in consultation with the Borrower, to reallocate their respective Maximum Credit Amounts and Commitments and to, among other things, eliminate completely the Maximum Credit Amount and Commitment of Allied Irish Bank p.l.c. (the “Exiting Lender”). The Administrative Agent and the Borrower hereby consent to such reallocation and the Exiting Lender’s and other Lenders’ assignments of their Commitments. On the Fourth Amendment Effective Date and after giving effect to such reallocations, the Maximum Credit Amount and Commitment of each Lender shall be as set forth on Annex I of this Fourth Amendment which Annex I supersedes and replaces the Annex I to the Credit Agreement. With respect to such reallocation, each Lender shall be deemed to have acquired the Maximum Credit Amount and Commitment allocated to it from each of the other Lenders pursuant to the terms of the Assignment and Assumption Agreement attached as Exhibit F to the Credit Agreement as if each such Lender and the Exiting Lender had executed an Assignment and Assumption Agreement with respect to such allocation. In connection with this Assignment and for purposes of this Assignment only, the Lenders, the Exiting Lender, the Administrative Agent and the Borrower waive the processing and recordation fee under Section 12.06(b)(ii) of the Credit Agreement.

Appears in 1 contract

Samples: Rosetta Resources Inc.

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Assignments and Reallocation of Commitments and Loans. The Lenders have agreed among themselvesEach Lender party to the Credit Agreement immediately prior to the First Amendment Effective Date (used herein as defined below) has, in consultation with the Borrower, agreed to reallocate their its respective Maximum Credit Amounts and Commitments and to, among other things, eliminate completely the Maximum Credit Amount and Commitment of Allied Irish Bank p.l.c. (the “Exiting Lender”)Commitment. The Administrative Agent and the Borrower hereby consent to such reallocation and the Exiting Lender’s and other Lenders’ assignments of their Commitmentsreallocation. On the Fourth First Amendment Effective Date Date, and after giving effect to such reallocations, the Maximum Credit Amount and Commitment of each Lender shall be as set forth on Annex I of this Fourth Amendment First Amendment, which Annex I supersedes and replaces the Annex I to the Credit Agreement. With respect to such reallocation, each Lender shall be deemed to have acquired the Maximum Credit Amount and Commitment allocated to it from each of the other Lenders pursuant to the terms of the Assignment and Assumption Agreement attached as Exhibit F G to the Credit Agreement as if each such Lender and the Exiting Lender Lenders had executed an Assignment and Assumption Agreement with respect to such allocation. In connection with this Assignment and for purposes of this Assignment only, On the Lenders, the Exiting LenderFirst Amendment Effective Date, the Administrative Agent and shall take the Borrower waive the processing and recordation fee under actions specified in Section 12.06(b)(ii12.04(b)(v) of the Credit Agreement, including recording the assignments described herein in the Register, and such assignments shall be effective for purposes of the Credit Agreement. If on the First Amendment Effective Date, any Eurodollar Loans have been funded, then the Borrower shall be obligated to pay any breakage fees or costs that are payable pursuant to Section 5.02 of the Credit Agreement, in connection with the reallocation of such outstanding Eurodollar Loans to effectuate the provisions of this paragraph.

Appears in 1 contract

Samples: Credit Agreement (Parsley Energy, Inc.)

Assignments and Reallocation of Commitments and Loans. The Lenders have agreed among themselves, in consultation with the Borrower, to reallocate their respective Maximum Credit Amounts and Commitments and to, among other things, eliminate completely the Maximum Credit Amount and Commitment of Allied Irish Bank p.l.c. (the “Exiting Lender”)Commitments. The Administrative Agent and the Borrower hereby consent to such reallocation and the Exiting Lender’s and other Lenders’ assignments of their Commitmentsreallocation. On the Fourth Third Amendment Effective Date (as defined below) and after giving effect to such reallocations, the Maximum Credit Amount Amounts and Commitment of each Lender shall be as set forth on Annex I of this Fourth Amendment Third Amendment, which Annex I supersedes and replaces the Annex I to the Credit AgreementAgreement (and Annex I to the Credit Agreement is hereby amended and restated in its entirety to read as set forth on Annex I attached hereto). With respect to such reallocation, each Lender shall be deemed to have acquired the Maximum Credit Amount and Commitment allocated to it from each of the other Lenders pursuant to the terms of the Assignment and Assumption Agreement attached as Exhibit F D to the Credit Agreement as if each such Lender and the Exiting Lender Lenders had executed an Assignment and Assumption Agreement with respect to such allocation. In connection with this Assignment and for purposes of this Assignment only, On the Lenders, the Exiting LenderThird Amendment Effective Date, the Administrative Agent shall take the actions specified in Section 12.04(b)(v), including recording the assignments described herein in the Register, and the Borrower waive the processing and recordation fee under Section 12.06(b)(ii) such assignments shall be effective for purposes of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Legacy Reserves Lp)

Assignments and Reallocation of Commitments and Loans. The Lenders have agreed among themselves, in consultation with the Borrower, to reallocate their respective Maximum Credit Amounts and Commitments and to, among other things, eliminate completely borrow additional Loans and/or repay outstanding Loans, plus all applicable accrued interest, fees, and expenses, as shall be necessary to repay in full all Exiting Lenders’ Loans as of the Maximum Credit Amount and Commitment of Allied Irish Bank p.l.c. (Effective Date immediately prior to the “Exiting Lender”)effectiveness hereof. The Administrative Agent and the Borrower hereby consent to such reallocation and the Exiting Lender’s and other Lenders’ assignments of their Commitments. On the Fourth Amendment Effective Date and after giving effect to such reallocations, the Maximum Credit Amount and Commitment of each Lender shall be as set forth on Annex I of this Fourth Amendment which Exhibit A attached hereto and such Commitments shall supersede and replace those set forth on Annex I supersedes and replaces the Annex I attached to the Original Credit Agreement. With respect to such reallocation, each Lender shall be deemed to have acquired the Maximum Credit Amount and Commitment allocated to it from or to (as applicable) each of the other Lenders pursuant to the terms of the Assignment and Assumption Agreement attached as Exhibit F E to the Credit Agreement as if each such Lender and the Exiting Lender had executed an Assignment and Assumption Agreement with respect to such allocation. In connection with this Assignment Amendment and for purposes of this Assignment Amendment only, the Lenders, the Exiting Lender, the Administrative Agent and the Borrower waive the processing and recordation fee under Section 12.06(b)(ii) of the Credit Agreement12.06(b).

Appears in 1 contract

Samples: Credit Agreement (Black Stone Minerals, L.P.)

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Assignments and Reallocation of Commitments and Loans. The Lenders have agreed among themselves, in consultation with the Borrower, to reallocate their respective Maximum Credit Amounts and Commitments and to, among other things, eliminate completely the Maximum Credit Amount and Commitment of Allied Irish Bank p.l.c. (the “Exiting Lender”)Commitments. The Administrative Agent and the Borrower hereby consent to such reallocation and the Exiting Lender’s and other Lenders’ assignments of their Commitmentsreallocation. On the Fourth First Amendment Effective Date (as defined below) and after giving effect to such reallocations, the Maximum Credit Amount Amounts and Commitment of each Lender shall be as set forth on Annex I of this Fourth Amendment First Amendment, which Annex I supersedes and replaces the Annex I to the Credit AgreementAgreement (and Annex I to the Credit Agreement is hereby amended and restated in its entirety to read as set forth on Annex I attached hereto). With respect to such reallocation, each Lender shall be deemed to have acquired the Maximum Credit Amount and Commitment allocated to it from each of the other Lenders pursuant to the terms of the Assignment and Assumption Agreement attached as Exhibit F D to the Credit Agreement as if each such Lender and the Exiting Lender Lenders had executed an Assignment and Assumption Agreement with respect to such allocation. In connection with this Assignment and for purposes of this Assignment only, On the Lenders, the Exiting LenderFirst Amendment Effective Date, the Administrative Agent shall take the actions specified in Section 12.04(b)(v), including recording the assignments described herein in the Register, and the Borrower waive the processing and recordation fee under Section 12.06(b)(ii) such assignments shall be effective for purposes of the Credit Agreement. If, on the First Amendment Effective Date, any Eurodollar Loans have been funded, then the Borrower shall be obligated to pay any breakage fees or costs that are payable pursuant to Section 5.02, in connection with the reallocation of such outstanding Eurodollar Loans to effectuate the provisions of this paragraph.

Appears in 1 contract

Samples: Credit Agreement (Legacy Reserves Lp)

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