Common use of Immediately upon Clause in Contracts

Immediately upon. each Assignee's making its payment under the Assignment and Assumption, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments allocated to each Assignee shall reduce such Commitments of the assigning Bank pro tanto.

Appears in 2 contracts

Samples: Credit Agreement (Willbros Group Inc), Credit Agreement (Willbros Group Inc)

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Immediately upon. each Assignee's making its processing fee payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments Commitment arising therefrom. The Commitments Commitment allocated to each Assignee shall reduce such Commitments Commitment of the assigning Bank pro tanto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Plum Creek Timber Co L P)

Immediately upon. each Assignee's making its processing fee payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments Commitment allocated to each Assignee shall reduce such Commitments of the assigning Bank Lender pro tanto.. 108

Appears in 1 contract

Samples: Credit Agreement (Motivepower Industries Inc)

Immediately upon. each Assignee's making its processing fee payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments Commitment allocated to each Assignee shall reduce such Commitments of the assigning Bank Lender pro tanto.. --- -----

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Max Re Capital LTD)

Immediately upon. each Assignee's making its payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments Commitment allocated to each Assignee shall reduce such Commitments the Commitment of the assigning Bank pro tanto.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Kmart Corp)

Immediately upon. each Assignee's making its processing fee payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments Commitment allocated to each Assignee shall reduce such Commitments of the assigning Bank pro tanto.. --- -----

Appears in 1 contract

Samples: Credit Agreement (Applied Power Inc)

Immediately upon. each Assignee's making its payment under the Assignment and AssumptionAcceptance, this Agreement Agreement, shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments Aggregate Commitment arising therefrom. The Commitments Commitment allocated to each an Assignee shall reduce such Commitments the Commitment of the assigning Bank pro tanto.

Appears in 1 contract

Samples: Credit Agreement (Us Industries Inc)

Immediately upon. each Assignee's making its payment under the Assignment and AssumptionAcceptance, this Agreement Agreement, shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments Aggregate Commitment, the Aggregate Revolving Commitment and Aggregate Term Commitment arising therefrom. The Commitments Revolving Commitment and Term Commitment allocated to each an Assignee shall reduce such Commitments the Revolving Commitment of the assigning Bank Lender pro tanto.

Appears in 1 contract

Samples: Credit Agreement (Communications Instruments Inc)

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Immediately upon. each Assignee's making its payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments Proportionate Commitment arising therefrom. The Commitments Proportionate Commitment allocated to each Assignee shall reduce such the Proportionate Commitments of the assigning assignor Bank pro tanto.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Niagara Corp)

Immediately upon. each Assignee's making its processing fee payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments Commitment allocated to each Assignee shall reduce such Commitments Commitment of the assigning Bank pro tanto.

Appears in 1 contract

Samples: Credit Agreement (Network Peripherals Inc)

Immediately upon. each Assignee's making its processing fee payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments Commitment allocated to each Assignee shall reduce such Commitments of the assigning Bank pro tanto.

Appears in 1 contract

Samples: Credit Agreement (Dreyers Grand Ice Cream Holdings Inc)

Immediately upon. each Eligible Assignee's making its payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Eligible Assignee and the resulting adjustment of the Commitments arising therefrom. The Commitments allocated in part to each an Eligible Assignee or to more than one Eligible Assignee shall reduce such the Commitments of the assigning Bank AEF pro tanto.

Appears in 1 contract

Samples: Customer Loan Agreement (Cd Radio Inc)

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