Non-Funding Lender. Notwithstanding anything else to the contrary herein, if any Non-Foreign Currency Lender is a Non-Funding Lender or Impacted Lender, the Fronting Lender shall not be obligated to fund any Revolving Credit Advance unless (x) the Non-Funding Lender or Impacted Lender has been replaced in accordance with Section 1.17(d), (y) the participation funding obligations of such Non-Funding Lender or Impacted Lender under Section 9.9(e)(i) have been cash collateralized in a manner satisfactory to the Fronting Lender, or (z) the Commitments of the other Lenders have been increased by an amount sufficient to satisfy the Administrative Agent that all future Revolving Credit Advances by the Fronting Lender will be covered by all Non-Foreign Currency Lenders that are not Non-Funding Lenders or Impacted Lenders.
Appears in 2 contracts
Samples: Credit Agreement (Sothebys), Credit Agreement (Sothebys)
Non-Funding Lender. Notwithstanding anything else to the contrary herein, if any Non-Foreign Currency Sterling Lender is a Non-Funding Lender or Impacted Lender, the Fronting Lender shall not be obligated to fund any Revolving Credit Advance unless (x) the Non-Funding Lender or Impacted Lender has been replaced in accordance with Section 1.17(d1.16(d), (y) the participation funding obligations of such Non-Funding Lender or Impacted Lender under Section 9.9(e)(i) have been cash collateralized in a manner satisfactory to the Fronting Lender, or (z) the Commitments of the other Lenders have been increased by an amount sufficient to satisfy the Administrative Agent that all future Revolving Credit Advances by the Fronting Lender will be covered by all Non-Foreign Currency Sterling Lenders that are not Non-Funding Lenders or Impacted Lenders.
Appears in 1 contract
Samples: Credit Agreement (Sothebys)
Non-Funding Lender. Notwithstanding anything else to the contrary herein, if any Non-Foreign Currency Lender is a Non-Funding Lender or Impacted Lender, the Fronting Lender shall not be obligated to fund any Revolving Credit Advance unless (x) the Non-Funding Lender or Impacted Lender has been replaced in accordance with Section 1.17(d1.16(d), (y) the participation funding obligations of such Non-Funding Lender or Impacted Lender under Section 9.9(e)(i) have been cash collateralized in a manner satisfactory to the Fronting Lender, or (z) the Commitments of the other Lenders have been increased by an amount sufficient to satisfy the Administrative Agent that all future Revolving Credit Advances by the Fronting Lender will be covered by all Non-Foreign Currency Lenders that are not Non-Funding Lenders or Impacted Lenders.
Appears in 1 contract
Samples: Credit Agreement (Sothebys)