Common use of Changes of Lending Offices Clause in Contracts

Changes of Lending Offices. If any Credit Party (or its holding company, if any) requests compensation under Section 3.5(a) or (b) or if the Borrower is required to pay an additional amount to any Credit Party or any Governmental Body for the account of any Credit Party pursuant to Section 3.6, such Credit Party will, upon the request of the Borrower, use reasonable efforts (subject to its overall policy considerations) to designate a different lending office for funding or booking its Extensions of Credit or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in its good faith judgment, such designation or assignment (i) would eliminate or reduce future amounts payable under Section 3.5(a) or (b) or Section 3.6, as the case may be, (ii) would not subject such Credit Party to any unreimbursed cost or expense and (iii) would not otherwise be disadvantageous to such Lender. The Borrower agrees to pay the reasonable costs and expenses incurred in connection with any such designation or assignment and the Administrative Agent agrees that no assignment fee shall be payable to it pursuant to Section 12 in connection therewith. Nothing in this Section shall affect or postpone any of the obligations of the Borrower to make the payments required to a Credit Party under Section 3.5(a) or (b) or Section 3.6, incurred prior to any such designation or assignment.

Appears in 2 contracts

Samples: Credit Agreement (Arch Communications Group Inc /De/), Credit Agreement (Arch Communications Group Inc /De/)

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Changes of Lending Offices. If any Credit Party (or its holding company, if any) requests compensation under Section 3.5(a3.6(a) or (b) or if the Borrower is required to pay an additional amount to any Credit Party or any Governmental Body Authority for the account of any Credit Party pursuant to Section 3.63.7, such Credit Party will, upon the request of the Borrower, use reasonable efforts (subject to its overall policy considerations) to designate a different lending office for funding or booking its Extensions of Credit Revolving Loans or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in its good faith judgment, such designation or assignment (i) would eliminate or reduce future amounts payable under Section 3.5(a3.6(a) or (b) or Section 3.63.7, as the case may be, (ii) would not subject such Credit Party to any unreimbursed cost or expense and (iii) would not otherwise be disadvantageous to such Lender. The Borrower agrees to pay the reasonable costs and expenses incurred in connection with any such designation or assignment and the Administrative Agent agrees that no assignment fee shall be payable to it pursuant to Section 12 11.5(b) in connection therewith. Nothing in this Section 3.8 shall affect or postpone any of the obligations of the Borrower to make the payments required to a Credit Party under Section 3.5(a3.6(a) or (b) or Section 3.63.7, incurred prior to any such designation or assignment.

Appears in 1 contract

Samples: Credit Agreement (Robotic Vision Systems Inc)

Changes of Lending Offices. If any Credit Party Lender (or its holding company, if any) requests compensation under Section 3.5(a3.6(a) or (b) or if the Borrower is required to pay an additional amount to any Credit Party Lender or any Governmental Body Authority for the account of any Credit Party Lender pursuant to Section 3.63.7, such Credit Party Lender will, upon the request of the Borrower, use reasonable efforts (subject to its overall policy considerations) to designate a different lending office for funding or booking its Extensions of Credit Revolving Loans or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in its good faith judgment, such designation or assignment (i) would eliminate or reduce future amounts payable under Section 3.5(a3.6(a) or (b) or Section 3.63.7, as the case may be, (ii) would not subject such Credit Party Lender to any unreimbursed cost or expense and (iii) would not otherwise be disadvantageous to such Lender. The Borrower agrees to pay the reasonable costs and expenses incurred in connection with any such designation or assignment and the Administrative Agent agrees that no assignment fee shall be payable to it pursuant to Section 12 11.5(b) in connection therewith. Nothing in this Section 3.8 shall affect or postpone any of the obligations of the Borrower to make the payments required to a Credit Party Lender under Section 3.5(a3.6(a) or (b) or Section 3.63.7, incurred prior to any such designation or assignment.

Appears in 1 contract

Samples: Credit Agreement (Yankee Energy System Inc)

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Changes of Lending Offices. If any Credit Party the Lender (or its holding company, if any) requests compensation under Section 3.5(a3.6(a) or (b) or if the Borrower is required to pay an additional amount to any Credit Party the Lender or any Governmental Body Authority for the account of any Credit Party the Lender pursuant to Section 3.63.7, such Credit Party the Lender will, upon the request of the Borrower, use reasonable efforts (subject to its overall policy considerations) to designate a different lending office for funding or booking its Extensions of Credit the Loans or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in its good faith judgment, such designation or assignment (i) would eliminate or reduce future amounts payable under Section 3.5(a3.6(a) or (b) or Section 3.63.7, as the case may be, (ii) would not subject such Credit Party the Lender to any unreimbursed cost or expense and (iii) would not otherwise be disadvantageous to such the Lender. The Borrower agrees to pay the reasonable costs and expenses incurred in connection with any such designation or assignment and the Administrative Agent Lender agrees that no assignment fee shall be payable to it pursuant to Section 12 9.5(b) in connection therewith. Nothing in this Section 3.7 shall affect or postpone any of the obligations of the Borrower to make the payments required to a Credit Party the Lender under Section 3.5(a3.6(a) or (b) or Section 3.63.7, incurred prior to any such designation or assignment.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Bel Fuse Inc /Nj)

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