Common use of Exiting Lender Clause in Contracts

Exiting Lender. Deutsche Bank Trust Company Americas (the “Exiting Lender”) hereby consents to the amendment and restatement of the Existing Credit Agreement as required under Section 10.01 of the Existing Credit Agreement. Each of the parties hereto hereby agrees and confirms that after giving effect to this Section 10.21, the Exiting Lender’s Commitment shall be $0, its commitments to lend and all obligations under the Existing Credit Agreement shall be terminated, and the Exiting Lender shall cease to be a Lender for all purposes under the Loan Documents (other than in respect of any terms and conditions of the Existing Credit Agreement (including, without limitation, Section 10.04 thereof), which by their terms survive any cancellation of commitments, repayment in full of any obligations or the termination of any existing Loan Document.

Appears in 3 contracts

Samples: Credit Agreement (QEP Midstream Partners, LP), Credit Agreement (Tesoro Logistics Lp), Credit Agreement (Tesoro Corp /New/)

AutoNDA by SimpleDocs

Exiting Lender. Deutsche Bank Trust Company Americas (the “Exiting Lender”) hereby consents to the amendment and restatement of the Existing Credit Agreement as required under Section 10.01 of the Existing Credit Agreement. Each of the parties hereto hereby agrees and confirms that after giving effect to this Section 10.21, on the Closing Date, the amount of the Exiting Lender’s Commitment shall be $0, its commitments Commitments to lend and all obligations under the Existing Credit Agreement shall be terminated, and the Exiting Lender Lenders shall cease to be a Lender for all purposes under the Loan Documents (other than in respect of any terms and conditions of the Loan Documents (as defined in the Existing Credit Agreement (Agreement), including, without limitation, Section 10.04 thereof)of the Existing Credit Agreement, which by their terms survive any cancellation of commitments, repayment in full of any obligations or the termination of any existing such Loan DocumentDocuments (as defined in the Existing Credit Agreement)).

Appears in 1 contract

Samples: Credit Agreement (Sandridge Energy Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!