Construction Agent's And Clause Samples

Construction Agent's And. Lessee's Credit Agreement Rights. --------------------------------------------------------- Notwithstanding anything to the contrary contained in the Credit Agreement, the Agent, the Lenders, the Holders, the Credit Parties and the Owner Trustee hereby agree that, prior to the occurrence and continuation of any Default or Event of Default, the Construction Agent and the Lessee (as designated below) shall have the following rights: (a) [Intentionally Omitted]; (b) the Construction Agent shall have the right to give the notice referred to in Section 2.3 of the Credit Agreement and to designate the account to which a borrowing under the Credit Agreement is to be credited pursuant to Section 2.3 of the Credit Agreement; (c) the Lessee shall have the right to terminate or reduce the Commitments pursuant to Section 2.5(a) of the Credit Agreement; (d) the Lessee shall have the right to exercise the conversion and continuation options pursuant to Section 2.7 of the Credit Agreement; (e) the Lessee shall have the right to replace any Lender pursuant to Section 2.14(b) of the Credit Agreement; (f) the Lessee shall have the right to approve any successor agent pursuant to Section 7.9 of the Credit Agreement; (g) the Lessee shall have the right to consent to any assignment by a Lender to which the Lessor has the right to consent pursuant to Section 9.8 of the Credit Agreement; (h) without limiting the foregoing clauses (a) through (g), and in addition thereto, provided that no Event of Default then exists, the Lessee shall have the right to exercise any other right of the Owner Trustee under the Credit Agreement upon not less than five (5) Business Days' prior written notice from the Lessee to the Owner Trustee and the Agent; (i) [Reserved]; and (j) the Lessee shall have the right to give the notice respecting any prepayment of any Loan, as provided in Section 2.6(a) of the Credit Agreement.