Common use of First Out, Second Out Tranches Clause in Contracts

First Out, Second Out Tranches. The Borrower and the Administrative Agent agree to execute and deliver amendments to this Agreement in form and substance reasonably satisfactory to the Borrower (such approval not to be unreasonably withheld, delayed or conditioned) and the Administrative Agent within fifteen (15) days of written request from the Lead Lenders if such amendments act only to change the priority or allocation of payments by the Borrower among the Lenders hereunder (or among existing and new Lenders after giving effect to any permitted assignment under Section 11.6(a)). Notwithstanding the provisions of Section 11.5, each Lender agrees to execute and deliver such amendments within fifteen (15) days of written request from the Lead Lenders which do not change the priority or allocation of payments to such Lender.

First Out, Second Out Tranches. The Borrower and the Administrative Agent agree to execute and deliver amendments to this Agreement in form and substance reasonably satisfactory to the Borrower (such approval not to be unreasonably withheld, delayed or conditioned) and the Administrative Agent within fifteen (15) days of written request from the Lead Lenders if such amendments act only to change the priority or allocation of payments by the Borrower among the Lenders hereunder (or among existing and new Lenders after giving effect to any permitted assignment under Section 11.6(a)). Notwithstanding the provisions of Section 11.5, each Lender agrees to execute and deliver such amendments within fifteen (15) days of written request from the Lead Lenders which do not change the priority or allocation of payments to such Lender.