Common use of Increasing Lenders Clause in Contracts

Increasing Lenders. If any Revolving Facility Lender declines or fails to consent to this Amendment by returning an executed counterpart of this Amendment to the Revolving Facility Administrative Agent prior to the Consent Deadline (as defined below), then pursuant to and in compliance with the terms of Section 11.16 of the Credit Agreement, such Lender may be replaced and its commitments and/or obligations purchased and assumed by an Increasing Lender upon such Increasing Lender’s execution of this Amendment (which will also be deemed to be the execution of an Assignment and Assumption Agreement substantially in the form of Exhibit A hereto).

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Zayo Group LLC)

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Increasing Lenders. If any Revolving Facility Lender declines or fails to consent to this Amendment by returning an executed counterpart of this Amendment to the Revolving Term Facility Administrative Agent prior to the Consent Deadline (as defined below)Deadline, then pursuant to and in compliance with the terms of Section 11.16 of the Credit Agreement, such Lender may be replaced and its commitments and/or obligations purchased and assumed by either a new lender (a “New Lender”) or an existing Lender which is willing to consent to this Amendment (an “Existing Lender” and, together with any New Lender, the “Increasing Lender Lenders”) upon such Increasing Lender’s execution of this Amendment (which will also be deemed to be the execution of an Assignment and Assumption Agreement substantially in the form of Exhibit A hereto).

Appears in 2 contracts

Samples: Repricing Amendment (Zayo Group LLC), Repricing Amendment to Amended and Restated Credit Agreement (Zayo Group LLC)

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Increasing Lenders. If any Revolving Facility Lender declines or fails to consent to this Amendment Agreement by returning an executed counterpart of this Amendment Agreement to the Revolving Facility applicable Administrative Agent prior to the Consent Deadline (as defined below)Deadline, then pursuant to and in compliance with the terms of Section 11.16 of the Credit Agreement, such Lender may be replaced and its commitments and/or obligations purchased and assumed by either a new lender (a “New Lender”) or an Increasing existing Lender upon which is willing to extend its Term Loans as set forth on such Increasing Lender’s signature page hereto (an “Existing Lender” and, together with any New Lender, the “Increasing Lenders”) upon execution of this Amendment Agreement (which will also be deemed to be the execution of an Assignment and Assumption Agreement substantially in the form of Exhibit A hereto).

Appears in 1 contract

Samples: Credit Agreement (Zayo Group LLC)

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