General; Replacement Lenders Sample Clauses
The 'General; Replacement Lenders' clause establishes the process by which a borrower can replace an existing lender under a loan agreement. Typically, this clause allows the borrower to substitute a lender who may be unwilling to agree to certain amendments, has become a defaulting lender, or is otherwise problematic, with a new lender that meets the agreement's requirements. This mechanism ensures that the borrower can maintain flexibility and continuity in financing, while also addressing issues such as non-cooperation or regulatory constraints posed by the original lender.
General; Replacement Lenders. References in the Loan Documents to “this Agreement” or the “Credit Agreement” or the like (and indirect references such as “hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be references to the Credit Agreement as amended hereby. Each Replacement Lender shall be deemed to be a “Lender” under and for all purposes of the Credit Agreement and each reference therein to “Lender” shall be deemed to include such Replacement Lender. This Amendment shall additionally constitute a “Loan Document”.