Common use of Departing Lenders Clause in Contracts

Departing Lenders. By its execution of this Agreement, each of the parties signatory hereto acknowledges and agrees that, upon the occurrence of the Amendment Effective Date, (a) each Departing Lender shall cease to be a Lender under the Credit Agreement and (b) each Departing Lender shall have no further rights or obligations as a Lender under the Credit Agreement, except to the extent of rights and obligations that expressly survive a Lender’s assignment of its commitments pursuant to Section 10.06 of the Credit Agreement. The Departing Lenders are a party to this Agreement solely for the purpose of evidencing their agreement to Section 3(a) and this Section 9.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Aecom)

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Departing Lenders. By its execution of this AgreementAmendment, each of the parties signatory hereto acknowledges and agrees that, upon the occurrence of the Amendment No. 5 Effective Date, (a) each Departing Lender shall cease to be a Lender under the Credit Agreement and (b) each Departing Lender shall have no further rights or obligations as a Lender under the Credit Agreement, except to the extent of rights and obligations that expressly survive a Lender’s assignment of its commitments pursuant to Section 10.06 of the Credit Agreement. The Each Departing Lenders are Lender is a party to this Agreement solely for the purpose of evidencing their its agreement to Section 3(a) and this Section 911. [Signature Pages Follow.]

Appears in 1 contract

Samples: Syndicated Facility Agreement (Kbr, Inc.)

Departing Lenders. By its execution of this AgreementAmendment, each of the parties signatory hereto acknowledges and agrees that, upon the occurrence of the Amendment Effective Date, (a) each Departing Lender shall cease to be a Lender under the Credit Agreement and (b) each Departing Lender shall have no further rights or obligations as a Lender under the Credit Agreement, except to the extent of rights and obligations that expressly survive a Lender’s assignment of its commitments pursuant to Section 10.06 11.5 of the Credit Agreement. The Each Departing Lenders are Lender is a party to this Agreement Amendment solely for the purpose of evidencing their its agreement to Section 3(a) 2(a), Section 3(b), and this Section 8. 9.

Appears in 1 contract

Samples: Credit Agreement (Ebix Inc)

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Departing Lenders. By its execution of this AgreementAmendment, each of the parties signatory hereto acknowledges and agrees that, upon the occurrence of the Amendment No. 2 Effective Date, (a) each Departing Lender shall cease to be a Lender under the Credit Agreement and (b) each Departing Lender shall have no further rights or obligations as a Lender under the Credit Agreement, except to the extent of rights and obligations that expressly survive a Lender’s assignment of its commitments pursuant to Section 10.06 of the Credit Agreement. The Each Departing Lenders are Lender is a party to this Agreement solely for the purpose of evidencing their its agreement to Section 3(a) and this Section 911. [Signature Pages Follow.]

Appears in 1 contract

Samples: Credit Agreement (Kbr, Inc.)

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