New or Successor Letter of Credit Issuer. (a) The Letter of Credit Issuer may resign as the Letter of Credit Issuer upon 30 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower only so long as a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor Letter of Credit Issuer and to assume a Letter of Credit Percentage equal to or greater than the Letter of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.
Appears in 4 contracts
Samples: First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.), First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.), First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.)
New or Successor Letter of Credit Issuer. (a) The Letter of Credit Issuer may resign as the Letter of Credit Issuer upon 30 60 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower. The Borrower only so long as a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor may replace any Letter of Credit Issuer for any reason upon written notice to the Administrative Agent and to assume a Letter of Credit Percentage equal to or greater than the Letter of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.such
Appears in 2 contracts
Samples: Credit Agreement (Del Frisco's Restaurant Group, Inc.), Credit Agreement (Del Frisco's Restaurant Group, Inc.)
New or Successor Letter of Credit Issuer. (a) The Any Letter of Credit Issuer may resign as the a Letter of Credit Issuer upon 30 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower only so long as a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor Letter of Credit Issuer and to assume a Letter of Credit Percentage equal to or greater than the Letter of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.
Appears in 2 contracts
Samples: Credit Agreement (Surgery Partners, Inc.), Credit Agreement (Surgery Partners, Inc.)
New or Successor Letter of Credit Issuer. (a) The Letter of Credit Issuer may resign as the a Letter of Credit Issuer upon 30 days’ prior written notice to the Administrative Agent, the Revolving Credit Lenders and the Borrower only so long as a Lender that is reasonably acceptable Borrower. Subject to the terms of the following sentence, the Borrower has agreed to be appointed as a successor may replace the Letter of Credit Issuer and to assume a Letter of for any reason upon 120 LPL – Conformed A&R Credit Percentage equal to or greater than the Letter of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.Agreement
Appears in 1 contract
New or Successor Letter of Credit Issuer. (a) The Letter of Credit Issuer may resign as the a Letter of Credit Issuer upon 30 60 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower. The Borrower only so long as may replace a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor Letter of Credit Issuer for any reason upon written notice to the Administrative Agent and to assume a Letter of Credit Percentage equal to or greater than the Letter of Credit Percentage of the resigning Issuer. The Borrower may add Letter of Credit IssuerIssuers at any time upon notice to the Administrative Agent. If the Letter of Credit Issuer shall resign or be replaced, in each case in accordance with this Section 3.or if the Borrower shall decide to add a new
Appears in 1 contract
Samples: Joinder Agreement (First Data Corp)
New or Successor Letter of Credit Issuer. (a) The Any Letter of Credit Issuer may resign as the a Letter of Credit Issuer upon 30 60 days’ prior written notice to the Administrative Agent, the Lenders Lenders, the other Letter of Credit Issuers and the Borrower only so long as a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor Borrower; provided that, if at any time any Letter of Credit Issuer assigns all of its Commitments and Loans pursuant to assume Section 12.6, such Letter of Credit Issuer may, upon 30 days’ notice to the Administrative Agent, the Lenders, the other Letter of Credit Issuers and the Borrower, resign as a Letter of Credit Percentage equal to or greater than Issuer. The Borrower may, with the Letter written consent of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.the
Appears in 1 contract
New or Successor Letter of Credit Issuer. (a) The Letter of Credit Issuer may resign as the a Letter of Credit Issuer upon 30 60 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower. The Borrower only so long as a Lender that is reasonably acceptable to may replace the Borrower has agreed to be appointed as a successor Letter of Credit Issuer for any reason upon written notice to the Administrative Agent and to assume a Letter of Credit Percentage equal to or greater than the Letter of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.the
Appears in 1 contract
New or Successor Letter of Credit Issuer. (a) The Letter of Credit Issuer may resign as the Letter of Credit Issuer upon 30 60 days’ prior written notice to the Administrative Agent, the Lenders Lenders, Holdings, and the Borrower. The Borrower only so long as a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor Letter of Credit Issuer and to assume a Letter of Credit Percentage equal to or greater than may replace the Letter of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.-95-
Appears in 1 contract
Samples: Abl Credit Agreement (Academy Sports & Outdoors, Inc.)
New or Successor Letter of Credit Issuer. (a) The Letter of Credit Issuer may resign as the a Letter of Credit Issuer upon 30 60 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower. The Borrower only so long as a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor Letter of Credit Issuer and to assume a Letter of Credit Percentage equal to or greater than the Letter of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.may replace
Appears in 1 contract
Samples: Credit Agreement (First Data Corp)
New or Successor Letter of Credit Issuer. (a) The Any Letter of Credit Issuer may resign as the a Letter of Credit Issuer upon 30 60 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower only so long as a Lender that is reasonably acceptable to the Borrower has agreed to be appointed as a successor Letter of Credit Issuer and to assume a Letter of Credit Percentage equal to or greater than the Letter of Credit Percentage of the resigning Letter of Credit Issuer, in each case in accordance with this Section 3.Borrower. Borrower
Appears in 1 contract
Samples: First Lien Credit Agreement (International Market Centers, Inc.)
