Common use of Changes in Commitments Clause in Contracts

Changes in Commitments. With effect from and including the date this Amendment and Restatement becomes effective in accordance with Section 9 hereof, (i) each Person listed on the signature pages hereof which is not a party to the Agreement shall become a Lender party to the Agreement, (ii the Commitment of each Lender shall be the amount set forth opposite the name of such Lender on the Commitment Schedule annexed hereto and (iii) Schedule 2.01 to the Agreement shall be amended to read as set forth in Part I of said Commitment Schedule. Any Lender whose Commitment is changed to zero shall upon such effectiveness cease to be a Lender party to the Agreement, and all accrued fees and other amounts payable under the Agreement for the account of such Lender shall be due and payable on such date; provided that, subject to Section 2.20, the provisions of Sections 2.13, 2.15, 2.19 and 9.05 of the Agreement shall continue to inure to the benefit of each such Lender.

Appears in 2 contracts

Samples: 364 Day Revolving Credit Agreement (Penney J C Funding Corp), Five Year Revolving Credit Agreement (Penney J C Funding Corp)

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Changes in Commitments. With effect from and including the date this Amendment Amended and Restatement Restated Credit Agreement becomes effective in accordance with Section 9 5 hereof, : (ia) the Commitment Schedule annexed hereto shall be substituted for the Commitment Schedule attached to the Agreement; (b) each Person listed on the signature pages hereof which is not a party to the Agreement (a "New Bank") shall become a Lender Bank party to the Agreement, ; (ii c) the Commitment of each Lender Bank shall be the amount set forth opposite the name of such Lender Bank on the Commitment Schedule; and (d) any Bank not listed in the Commitment Schedule annexed hereto and (iii) Schedule 2.01 to the Agreement shall be amended to read as set forth in Part I of said Commitment Schedule. Any Lender whose Commitment is changed to zero shall upon such effectiveness cease to be a Lender Bank party to the Agreement, and all accrued fees and other amounts payable under the Agreement for the account of such Lender Bank shall be due and payable on such date; provided that, subject to Section 2.20, that the provisions of Sections 2.13, 2.15, 2.19 8.03 and 9.05 11.03 of the Agreement shall continue to inure to the benefit of each such LenderBank.

Appears in 1 contract

Samples: Credit Agreement (Gillette Co)

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Changes in Commitments. With effect from and including the date this Amendment and Restatement becomes effective in accordance with Section 9 hereof, (i) each Person listed on the signature pages hereof which is not a party to the Agreement shall become a Lender party to the Agreement, (ii ii) the Commitment of each Lender shall be the amount set forth opposite the name of such Lender on the Commitment Schedule annexed hereto and (iii) Schedule 2.01 to the Agreement shall be amended to read as set forth in Part I of said Commitment Schedule. Any Lender whose Commitment is changed to zero shall upon such effectiveness cease to be a Lender party to the Agreement, and all accrued fees and other amounts payable under the Agreement for the account of such Lender shall be due and payable on such date; provided that, subject to Section 2.20, the provisions of Sections 2.13, 2.15, 2.19 and 9.05 of the Agreement shall continue to inure to the benefit of each such Lender.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Penney J C Funding Corp)

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