Common use of Designation of Different Lending Office Clause in Contracts

Designation of Different Lending Office. Each Lender may make any Loan or incur any LC Exposure to the Borrower through any Lending Office, provided that the exercise of this option shall not affect the obligation of the Borrower to repay Loans and LC Disbursements in accordance with the terms of this Agreement. If any Lender requests compensation under Section 5.01, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 5.01 or Section 5.03, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

Designation of Different Lending Office. Each Lender may make any Loan or incur any LC Exposure to the Borrower through any Lending Office, provided that the exercise of this option shall not affect the obligation of the Borrower to repay Loans and LC Disbursements in accordance with the terms of this Agreement. If any Lender requests compensation under Section 5.012.14, or if the Borrower is Obligors are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.032.16, then such Lender shall shall, if requested by the Obligor Representative, use reasonable efforts to designate a different Lending Office lending office for funding or booking its Loans (or participations in LC Disbursements) hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 5.01 2.14 or Section 5.032.16, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous cause such Lender and its lending office(s) to such Lendersuffer any economic, legal or regulatory disadvantage; provided, that nothing in this Section shall affect or postpone any of the obligations of the Obligors or the rights or obligations of any Lender pursuant to Section 2.14 or 2.16. The Borrower Obligors hereby agrees agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.