Designation of Additional Issuing Banks. The Borrower may, at any time and from time to time, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld), 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 an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent (and which shall specify the initial LC Commitment of such Issuing Bank), executed by the Borrower, the Administrative Agent and such designated Lender and, from and after the effective date of such agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein or in any other Loan Document to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an issuer of Letters of Credit hereunder.
Appears in 3 contracts
Samples: Credit Agreement (FTAI Aviation Ltd.), Credit Agreement (Fortress Transportation & Infrastructure Investors LLC), Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)
Designation of Additional Issuing Banks. The Borrower may, at any time and from From time to time, with the consent of Borrowers may by notice to the Administrative Agent (which consent shall not be unreasonably withheld), 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 an any appointment as an Issuing Bank hereunder shall be evidenced by an agreementagreement (an “Issuing Bank Agreement”), which shall be in a form and substance reasonably satisfactory to the Borrowers and the Administrative Agent (and which Agent, shall specify set forth the initial LC Commitment of such Issuing Bank), Lender and shall be executed by such Lender, the Borrower, Borrowers and the Administrative Agent and such designated Lender and, from and after the effective date of such agreementIssuing 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 or and in any the other Loan Document Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an issuer of Letters of Credit hereunderIssuing Bank.
Appears in 2 contracts
Samples: Credit Agreement (Weatherford International PLC), Credit Agreement (Weatherford International Ltd./Switzerland)
Designation of Additional Issuing Banks. The Borrower may, at any time and from time to time, with the consent of the Administrative Agent (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 an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent (and which shall specify the initial LC Commitment of such Issuing Bank), executed by the Borrower, the Administrative Agent and such designated Revolving Lender and, from and after the effective date of such agreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein or in any other Loan Document to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an issuer of Letters of Credit hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Netscout Systems Inc), Credit Agreement (Netscout Systems Inc)
Designation of Additional Issuing Banks. The Borrower Company may, at any time and from time to time, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld), 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 an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent (and which shall specify the initial LC Letter of Credit Commitment of such Issuing Bank), executed by the BorrowerCompany, the Administrative Agent and such designated Lender and, from and after the effective date of such agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein or in any other Loan Document to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an issuer of Letters of Credit hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Bright Health Group Inc.), Credit Agreement (Bright Health Group Inc.)
Designation of Additional Issuing Banks. The Borrower may, at any time and from From time to time, with the consent of Borrower may by notice to the Administrative Agent (which consent shall not be unreasonably withheld), and the 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 an any appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in a form and substance reasonably satisfactory to the Borrower and the Administrative Agent, executed by such Revolving Lender, the Borrower and the Administrative Agent (and which shall specify set forth the initial LC Commitment of such Issuing Bank)Lender, executed by the Borrower, the Administrative Agent and such designated Lender and, from and after the effective date of such agreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein or in any other Loan Document to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an issuer of Letters of Credit hereunderIssuing Bank.
Appears in 1 contract
Designation of Additional Issuing Banks. The Borrower may, at any time and from From time to time, with the consent of Borrower may by notice to the Administrative Agent (which consent shall not be unreasonably withheld), and the 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 an any appointment as an Issuing Bank hereunder shall be evidenced by an agreementagreement (an “Issuing Bank Agreement”), which shall be in a form and substance reasonably satisfactory to the Borrower and the Administrative Agent (Agent, shall set forth the L/C Commitment and which shall specify the initial LC Commitment Issuing Bank Fees of such Issuing Bank), Lender and shall be executed by such Lender, the Borrower, Borrower and the Administrative Agent and such designated Lender and, from and after the effective date of such 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 or and in any the other Loan Document Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an issuer of Letters of Credit hereunderIssuing Bank.
Appears in 1 contract
Designation of Additional Issuing Banks. The Borrower Company may, at any time and from time to time, with the consent of the Administrative Agent (which consent shall not be unreasonably withheldwithheld or delayed), 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 an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent (and which shall specify the initial LC Commitment of such Issuing Bank)Agent, executed by the BorrowerBorrowers, the Administrative Agent and such designated Lender Lender, which shall set forth the LC Commitment of such Lender, and, from and after the effective date of such agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein or in any other Loan Document to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an issuer of Letters of Credit hereunder.
Appears in 1 contract
Samples: Credit Agreement (GoPro, Inc.)
Designation of Additional Issuing Banks. The Borrower may, at any time and from time to time, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld, delayed or conditioned), 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 an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent (and which shall specify the initial LC Commitment of such Issuing Bank)Agent, executed by the Borrower, the Administrative Agent and such designated Revolving Lender and, from and after the effective date of such agreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein or in any other Loan Document to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an issuer of Letters of Credit hereunder.
Appears in 1 contract
Designation of Additional Issuing Banks. The Borrower Company may, at any time and from time to time, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld), designate as additional Issuing Banks one or more Revolving Lenders that agree (in such Revolving Lender’s sole discretion) to serve in such capacity as provided below. The acceptance by a Revolving Lender of an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent (and which shall specify the initial LC Commitment of such Issuing Bank)Agent, executed by the BorrowerCompany, the Administrative Agent and such designated Revolving Lender and, from and after the effective date of such agreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein or in any other Loan Document to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an issuer of Letters of Credit hereunder.
Appears in 1 contract