Common use of Change in Commitments Clause in Contracts

Change in Commitments. With effect from and including the date this Amendment and Restatement becomes effective in accordance with Section 8 hereof, (i) each Person listed on the signature pages hereof which is not a party to the Agreement shall become a Bank party to the Agreement and (ii) the Commitment of each Bank shall be the amount set forth opposite the name of such Bank in the Commitment Schedule annexed hereto. Any Bank whose Commitment is changed to zero shall upon such effectiveness cease to be a Bank party to the Agreement, and all accrued fees and other amounts payable under the Agreement for the account of such Bank shall be due and payable on such date; provided that the provisions of Sections 8.03 and 9.03 of the Agreement shall continue to inure to the benefit of each such Bank.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Martin Marietta Materials Inc), Revolving Credit Agreement (Martin Marietta Materials Inc)

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Change in Commitments. With effect from and including the date this Amendment and Restatement becomes effective in accordance with Section 8 6 hereof, (i) each Person listed on the signature pages hereof which is not a party to the Existing Agreement (a "NEW BANK") shall become a Bank party to the Agreement and (ii) the Commitment of each Bank shall be the amount set forth opposite the name of such Bank in on the Commitment Schedule annexed heretosignature pages hereof. Any Bank whose Commitment is changed to zero shall upon such effectiveness cease to be a Bank party to the Agreement, and all accrued fees and other amounts payable under the Existing Agreement for the account of such Bank shall be due and payable on such date; provided that the provisions of Sections 8.03 8.03, 8.04 and 9.03 11.03 of the Agreement shall continue to inure to the benefit of each such Bank.

Appears in 1 contract

Samples: Credit Agreement (Unova Inc)

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Change in Commitments. With effect from and including the date this Amendment and Restatement becomes effective in accordance with Section 8 10 hereof, (i) each Person listed on the signature pages hereof which is not a party to the Agreement shall become a Bank party to the Agreement and (ii) the Commitment of each Bank shall be the amount set forth opposite the name of such Bank in the Commitment Schedule annexed hereto. Any Bank whose Commitment is changed to zero shall upon such effectiveness cease to be a Bank party to the Agreement, and all accrued fees and other amounts payable under the Agreement for the account of such Bank shall be due and payable on such date; provided that the provisions of Sections 8.03 and 9.03 of the Agreement shall continue to inure to the benefit of each such Bank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Martin Marietta Materials Inc)

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