Common use of Designation of Additional Issuing Banks Clause in Contracts

Designation of Additional Issuing Banks. From time to time, the Borrower may, by notice to the Administrative Agent and the Lenders, designate as additional Issuing Banks one or more Lenders that agree to serve in such capacity as provided below. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit of such Lender and shall be executed by such Lender, the Borrower and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank.

Appears in 4 contracts

Samples: Credit Agreement (Southwestern Energy Co), Credit Agreement (Southwestern Energy Co), Credit Agreement

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Designation of Additional Issuing Banks. From time to time, the Borrower may, Borrowers may by notice to the Administrative Agent and the Lenders, and with the prior written approval of the Administrative Agent, designate as additional Issuing Banks one or more Lenders that agree to serve in such capacity as provided below. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower Borrowers and the Administrative Agent, shall set forth the LC Issuance Limit Commitment of such Lender and shall be executed by such Lender, the Borrower Borrowers and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank.

Appears in 3 contracts

Samples: Lc Credit Agreement (Weatherford International PLC), Intercreditor Agreement (Weatherford International PLC), Intercreditor Agreement (Weatherford International PLC)

Designation of Additional Issuing Banks. From time to time, the Borrower may, by notice to the Administrative Agent and the Lenders, may designate as additional Issuing Banks one or more Lenders which are reasonably acceptable to the Administrative Agent that agree to serve in such capacity as provided belowherein. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit of such Lender and shall be executed by such Lender, the Borrower and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and Documents, (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank, and (iii) such Issuing Bank shall have the LC Issuance Limit set forth in such Issuing Bank Agreement and Annex III shall be deemed to be automatically be amended to reflect such LC Issuance Limit.

Appears in 3 contracts

Samples: Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)

Designation of Additional Issuing Banks. From time to time, the Borrower may, may by notice to the Administrative Agent and the Lenders, Revolving Lenders designate as additional Issuing Banks one or more Revolving Lenders that agree to serve in such capacity as provided below. The acceptance by a Revolving Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit Commitment of such Revolving Lender and shall be executed by such Revolving Lender, the Borrower and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an Issuing Bank.

Appears in 3 contracts

Samples: Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.)

Designation of Additional Issuing Banks. From time to time, the Borrower may, may by notice to the Administrative Agent and the Lenders, Revolving Lenders designate as additional Issuing Banks one or more Lenders that agree to serve in such capacity as provided belowadditional Issuing Banks. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an "Issuing Bank Agreement"), which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit Commitment and Issuing Bank Fees of such Lender and shall be executed by such Lender, the Borrower and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term "Issuing Bank" shall be deemed to include such Lender in its capacity as an Issuing Bank.

Appears in 2 contracts

Samples: Credit Agreement (Millennium Chemicals Inc), Credit Agreement (Millennium America Inc)

Designation of Additional Issuing Banks. From time to time, the Borrower may, Borrowers may by notice to the Administrative Agent and the Lenders, Lenders designate as additional Issuing Banks one or more Lenders that agree to serve in such capacity as provided below. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower Borrowers and the Administrative Agent, shall set forth the LC Issuance Limit Commitment of such Lender and shall be executed by such Lender, the Borrower Borrowers and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank.

Appears in 2 contracts

Samples: Credit Agreement (Weatherford International PLC), Credit Agreement (Weatherford International Ltd./Switzerland)

Designation of Additional Issuing Banks. From time to time, the Borrower may, may by notice to the Administrative Agent and the Lenders, Revolving Lenders designate as additional Issuing Banks one or more Revolving Lenders that agree to serve in such capacity as provided below. The acceptance by a Revolving Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit Commitment of such Revolving Lender and shall be executed by such Revolving Lender, the Borrower and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an Issuing Bank.

Appears in 2 contracts

Samples: Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.)

Designation of Additional Issuing Banks. From The Borrower may, at any time and from time to time, with the Borrower may, by notice to consent of the Administrative Agent and the Lenders(which consent shall not be unreasonably withheld), designate as additional Issuing Banks one or more Revolving Lenders that agree to serve in such capacity as provided below. The acceptance by a Revolving Lender of any an appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”)agreement, which shall be in a form and substance reasonably satisfactory to the Borrower Administrative Agent and the Administrative Agent, shall set forth specify the LC Issuance Limit Commitment of such Lender and shall be Issuing Bank, executed by such Lenderthe Borrower, the Borrower and the Administrative Agent and such designated Revolving Lender and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an Issuing Bankissuer of Letters of Credit hereunder.

Appears in 2 contracts

Samples: Agreement (Netscout Systems Inc), Credit Agreement (Netscout Systems Inc)

Designation of Additional Issuing Banks. From time to time, the Borrower may, Borrowers may by notice to the Administrative Applicable Agent and the Lenders, Revolving Lenders designate as additional Issuing Banks one or more Lenders that agree to serve in such capacity as provided belowadditional Issuing Banks. The acceptance by a Lender of any an appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower Borrowers and the Administrative Applicable Agent, shall set forth the LC Issuance Limit Commitments and Issuing Bank Fees of such Lender and shall be executed by such Lender, the Borrower Borrowers and the Administrative Applicable Agent and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Credit Documents and (ii) references herein and in the other Loan Credit Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Millennium Chemicals Inc)

Designation of Additional Issuing Banks. From The Borrowers may, at any time and from time to time, with the Borrower may, by notice to consent of the Administrative Agent and the Lenders(which consent shall not be unreasonably withheld), designate as additional Issuing Banks one or more Revolving Lenders that agree to serve in such capacity as provided below. The acceptance by a Revolving Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an the “Issuing Bank Agreement”), which shall be in a form and substance reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit of such Lender and shall be executed by such Lenderthe Borrowers, the Borrower and the Administrative Agent and such designated Revolving Lender and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an Issuing Bank. The Issuing Bank Agreement of any Issuing Bank may limit the currencies in which such Issuing Bank will issue Letters of Credit, and any such limitations will, as to such Issuing Bank, be deemed to be incorporated in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (NDS Group Holdings, LTD)

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Designation of Additional Issuing Banks. From time to time, the Borrower may, by notice to the Administrative Agent and the Lenders, may designate as additional Issuing Banks one or more Lenders which are reasonably acceptable to the Administrative Agent that agree to serve in such capacity as provided belowherein. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit of such Lender and shall be executed by such Lender, the Borrower and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and Documents, (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank., and (iii) such Issuing Bank shall have the LC Issuance Limit set forth in such Issuing Bank Agreement and Annex III shall be deemed to be automatically be amended to reflect such LC Issuance Limit. (l)

Appears in 1 contract

Samples: Credit Agreement (Centennial Resource Development, Inc.)

Designation of Additional Issuing Banks. From time to time, the Borrower may, may by notice to the Administrative Agent and the Lenders, Lenders designate as additional Issuing Banks one or more Lenders that agree reasonably acceptable to serve in such capacity the Administrative Agent as provided belowadditional Issuing Banks. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit L/C Commitment and Issuing Bank Fees of such Lender and shall be executed by such Lender, the Borrower and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (King Pharmaceuticals Inc)

Designation of Additional Issuing Banks. From time to time, the Borrower may, Borrowers may by notice to the Administrative Agent and the Lenders, Lenders designate as additional Issuing Banks one or more Lenders that agree to serve in such capacity as provided below. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower Borrowers and the Administrative Agent, shall set forth the LC Issuance Limit Commitment of such Lender and shall be executed by such Lender, the Borrower Borrowers and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank. The Issuing Bank Agreement of any Issuing Bank may limit the currencies in which and the Borrowers for the accounts of which such Issuing Bank will issue Letters of Credit, and any such limitations will, as to such Issuing Bank, be deemed to be incorporated in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Symmetry Holdings Inc)

Designation of Additional Issuing Banks. From time to time, the Borrower may, may by notice to the Administrative Agent and the Lenders, Revolving Lenders designate as additional Issuing Banks one or more Revolving Lenders that agree (in each case, in its sole discretion) to serve in such capacity as provided below. The acceptance by a Revolving Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”)agreement, which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit of such Lender and shall be executed by such Revolving Lender, the Borrower and the Administrative Agent and which shall set forth the LC Commitment of such Lender, and, from and after the effective date of such Issuing Bank Agreementagreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Inc.)

Designation of Additional Issuing Banks. From time to time, the Borrower Parent may, by notice to the Administrative Agent and the Lenders, designate as additional Issuing Banks one or more Lenders that agree to serve in such capacity as provided below. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower Parent and the Administrative Agent, shall set forth the LC Issuance Limit of such Lender and shall be executed by such Lender, the Borrower Parent and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

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