Common use of Non-Funding Lenders Clause in Contracts

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Document. At Borrower’s request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below).

Appears in 15 contracts

Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (BG Medicine, Inc.)

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Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender", other than with respect to matters regarding the agreement or consent of a Lender directly affected thereby under Section 11.2(c)(i)-(iv) and (vii) (initial clause) (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Universal Hospital Services Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Document. At Borrower’s request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below).

Appears in 4 contracts

Samples: Loan and Security Agreement (Pharmathene, Inc), Loan and Security Agreement (Salient Surgical Technologies, Inc.), Loan and Security Agreement (Salient Surgical Technologies, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Document. At Borrower’s request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement Substitution Certificate (as defined below).

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Peplin Inc), Loan Agreement (Peplin Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or payment on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be (or have its Commitment) included in the calculation of “Requisite LenderLenders” or “Requisite Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Brindlee Mountain Telephone Co), Credit Agreement (Otelco Telecommunications LLC), Credit Agreement (Otelco Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders", "Requisite Revolving Lenders" or "Supermajority Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Lacrosse Footwear Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders”, “Requisite Revolving Lenders” or “Supermajority Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Amedisys Inc), Credit Agreement (Thermadyne Holdings Corp /De)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Revolving Loan or any payment required by it hereunder or to purchase any participation in any Swingline Advance to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanLoan or purchase such participation on such date, but neither any Other Lender nor Administrative Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Loan, purchase a participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderRequired Lenders” or “Required Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Administrative Agent or a person Person reasonably acceptable to Administrative Agent shall have the right with Administrative Agent’s consent and in Administrative Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Administrative Agent’s request, sell and assign to Administrative Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)and Acceptance Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Centerplate, Inc.), Credit Agreement (Centerplate, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any the Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such the Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Document. At Borrower’s Borrowers’ request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all the Term Loans Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below).

Appears in 2 contracts

Samples: Loan and Security Agreement (MDRNA, Inc.), License Agreement (MDRNA, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, shall not relieve any other Revolving Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanRevolving Credit Advance or other payment or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Revolving Credit Advance, purchase a participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Requisite Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s the Borrowers' request, Agent or a person reasonably Person acceptable to Agent shall have the right right, with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) ), to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Acquisition CORP)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder on the date specified thereof, shall not relieve any the other Lender Lenders (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanLoan or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Loan, purchase a participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document Financing Agreement or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt DocumentFinancing Agreement. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Imax Corp), Credit Agreement (Imax Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or payment on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be (or have its Commitment) included in the calculation of "Requisite Lender” Lenders" or "Requisite Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Otelco Inc.), Credit Agreement (Otelco Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)and in accordance with the recording requirements for transfers in Section 9.1.

Appears in 2 contracts

Samples: Credit Agreement (H&E Equipment Services, Inc.), Credit Agreement (H&E Equipment Services, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Revolving Loan Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Huttig Building Products Inc), Credit Agreement (Huttig Building Products Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Wesco International Inc), Credit Agreement (Wesco International Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan applicable Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent Agents shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders”, or “Requisite Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At the applicable Borrower’s request, Administrative Agent or a person reasonably Person acceptable to Administrative Agent shall have the right with Administrative Agent’s consent and in Administrative Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Administrative Agent’s request, sell and assign to Administrative Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (SITEL Worldwide Corp), Credit Agreement (Catalog Resources, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, Lender an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) ), and the outstanding amounts of any Loans held by a Non-Funding Lender shall not be deemed to be outstanding, for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s the Borrowers’ request, Agent Agent, another Lender or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent Agent, another Lender or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Devcon International Corp), Credit Agreement (Devcon International Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” or “Requisite Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent Agent, in Agent’s sole discretion (but without any obligation), or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at AgentBorrower Representative’s request, sell and assign to Agent or such personPerson, as the case may be, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Senior Secured, Super Priority Debtor in Possession Credit Agreement (Milacron Inc), Senior Secured, Super Priority Debtor in Possession Credit Agreement (Milacron Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrowers' request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Odyssey Healthcare Inc), Credit Agreement (Odyssey Healthcare Inc)

Non-Funding Lenders. The failure of any Non-Non Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Standard Motor Products Inc), Credit Agreement (Standard Motor Products Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Revolving Loan Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Brightpoint Inc), Credit Agreement (Brightpoint Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender”, or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Navarre Corp /Mn/)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders," "Requisite Revolving Lenders" or "Supermajority Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Ddi Corp), Credit Agreement (Ddi Corp)

Non-Funding Lenders. The failure of any Lender (such Lender, a "Non-Funding Lender Lender") to make any Term Loan or any payment required Revolving Credit Advance to be made by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make its Revolving Credit Advance on such Term Loandate, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Revolving Credit Advance to be made by such Non-Funding Lender, and no Non-Funding Lender shall have any obligation to Agent or make any other payment required hereunderOther Lender for the failure by such Non-Funding Lender. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of “Requisite Lender” "Required Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s requestAnything in this Agreement to the contrary notwithstanding, each Lender hereby agrees with each other Lender that no Lender shall take any action to protect or enforce its rights arising out of this Agreement or the Notes (including, without limitation, exercising any rights of set-off) without first obtaining the prior written consent of Agent or a person reasonably acceptable Required Lenders, it being the intent of Lenders that any such action to Agent protect or enforce rights under this Agreement and the Notes shall have be taken in concert and at the right direction or with Agent’s the consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agent.

Appears in 2 contracts

Samples: Credit Agreement (Ladish Co Inc), Credit Agreement (Ladish Co Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Administrative Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Requisite Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Administrative Agent or a person Person reasonably acceptable to Administrative Agent shall have the right with Administrative Agent’s 's consent and in Administrative Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Administrative Agent’s 's request, sell and assign to Administrative Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders", " or "Supermajority Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Navarre Corp /Mn/)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make purchase such Term Loanparticipation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (FCA Acquisition Corp.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Advance or any payment required by it hereunder hereunder, shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrowers’ request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Equinix Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Revolving Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Harvard Industries Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”"OTHER LENDER") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Non- Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Wesco International Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanLoan on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender,” “Term Lender” or “L/C Lender” (or be included in the calculation of “Requisite LenderLenders,” “Requisite Term Lenders,” “Supermajority Term Lenders” or “Requisite L/C Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Comverge, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such the Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Document. At Borrower’s request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans Loan of that Non-Funding Lender for an amount equal to the principal balance of all the Term Loans Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below).

Appears in 1 contract

Samples: Loan and Security Agreement (Synta Pharmaceuticals Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Gateway Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any its Pro Rata Share of the Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such its Pro Rata Share of the Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a its Pro Rata Share of the Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Document. At Borrower’s request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans Loan of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below).

Appears in 1 contract

Samples: Loan and Security Agreement (Cytori Therapeutics, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (American Lawyer Media Holdings Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Revolving Credit Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Requisite Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Administrative Agent or a person Person reasonably acceptable to Administrative Agent shall have the right with Administrative Agent’s 's consent and in Administrative Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Administrative Agent’s 's request, sell and assign to Administrative Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Darling International Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any the Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such the Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a the Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Document. At Borrower’s request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans Loan of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below).

Appears in 1 contract

Samples: Loan and Security Agreement (Infraredx Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither none of any Other Lender, Agent and Canadian Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Core-Mark Holding Company, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Revolving Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanRevolving Credit Advance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Revolving Credit Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Revolving Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Mirant Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” or “Requisite Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Roller Bearing Co of America Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Administrative Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Administrative Agent or a person Person reasonably acceptable to Administrative Agent shall have the right with Administrative Agent’s 's consent and in Administrative Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Administrative Agent’s 's request, sell and assign to Administrative Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans the Revolving Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Loan Agreement (Asta Funding Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans the Revolving Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Asta Funding Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanRevolving Credit Advance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Revolving Credit Advance, purchase a participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Lenders” hereunder) for any voting or consent rights under or with respect to any Debt DocumentLoan Document until such time as such Lender no longer constitutes a Non-Funding Lender. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of its interests in the Obligations and the Commitments and all of the outstanding Term Loans of held by that Non-Funding Lender for an amount equal to the principal balance of all Term Loans and participations held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Sothebys)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Revolving Credit Advance, Acquisition Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Revolving Lender or Acquisition Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender,” “Revolving Lender” or “Acquisition Lender” (or be included in the calculation of “Requisite LenderLenders”, “Requisite Revolving Lenders”, “Requisite Acquisition Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)and Assumption Agreement.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Drilling Co)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans the Revolving Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Loan Agreement (Asta Funding Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Perfumania Holdings, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, or to purchase a Term Loan or make any other payment participation required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that such Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Uti Worldwide Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders”, “Requisite Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Nextmedia Operating Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Budget Group Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent Agent, an existing Lender (other than a Non-Funding Lender) or another Person that is a person reasonably acceptable Qualified Assignee pursuant to Agent Section 9.1 shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligationnot to be unreasonably withheld or delayed) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent Agent, such existing Lender or such personQualified Assignee, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Palace Entertainment Holdings, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Lender” (or be included in the calculation of “Requisite LenderRequired Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all the Pro Rata Share of the Commitments and all of the outstanding Term Loans Maximum Loan Amount of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans the Revolving Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (C2 Global Technologies Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender”, or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Navarre Corp /Mn/)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term Loanpayment or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person Person reasonably acceptable to Agent shall have the right right, with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) ), to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans the Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Standard Motor Products Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” Lenders”, hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Oregon Steel Mills Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanLoan or payment on such date, but neither any Other other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender” (" or be included in the calculation of "Requisite Lender” hereunder) Lenders" hereunder for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shallthat, at Agent’s 's request, it shall sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees Fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Life Time Fitness Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase 52 Junior Credit Agreement (Omni) such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans Loan Commitment of that Non-Funding Lender for an amount equal to the principal balance of all the Term Loans Loan held by such Non-Funding Lender and all accrued interest and fees Fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined belowAgreement; provided that such assignment shall not require the payment of an assignment fee to Agent or the payment of a prepayment fee to such Non-Funding Lender pursuant to Section 1.9(c).

Appears in 1 contract

Samples: Credit Agreement (Omni Energy Services Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Administrative Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Administrative Agent or a person reasonably Person acceptable to Administrative Agent shall have the right with Administrative Agent’s 's consent and in Administrative Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Administrative Agent’s 's request, sell and assign to Administrative Agent or such personPerson, all of the Revolving Loan Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Revolving Loan Agreement (Wheeling Pittsburgh Corp /De/)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Standard Motor Products Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders”, or “Requisite Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Reading International Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Revolving Loan Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Analysts International Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any European Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”"OTHER LENDER") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Inverness Medical Innovations Inc)

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Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanRevolving Credit Advance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Revolving Credit Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Lender” (or be included in the calculation of “Requisite LenderLenders”, “Requisite Lenders” or “Supermajority Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Revolving Loan Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Secured Debtor in Possession Credit Agreement

Non-Funding Lenders. The failure of any Non-Funding Lender to ------------------- make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or ------------ purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Measurement Specialties Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLendershereunderor “Requisite Revolving Lenders”) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Rowe Companies)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders”, “Requisite Revolving Lenders” or “Supermajority Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Drugmax Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Non- Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or payment or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Requisite Tranche A Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Ames Department Stores Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanLoans on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Non- Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Gottschalks Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Carmike Cinemas Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanRevolving Credit Advance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Revolving Credit Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Revolving Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Guardian International Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any the Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such the Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a the Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Transaction Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Transaction Document. At Borrower’s request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below).

Appears in 1 contract

Samples: Loan Agreement (XOMA Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (BRPP LLC)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term Loan, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt Document. At Borrower’s request, Agent or a person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such person, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below).

Appears in 1 contract

Samples: Loan and Security Agreement (Achillion Pharmaceuticals Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder on the date specified thereof, shall not relieve any the other Lender Lenders (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanLoan or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Loan, purchase a participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document Financing Agreement or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt DocumentFinancing Agreement. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Revolving Loan Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)and Assumption Agreement.

Appears in 1 contract

Samples: Credit Agreement (Imax Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders”, or “Supermajority Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans the portion of the Revolving Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Carlisle Holdings LTD)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”"OTHER LENDER") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Requisite Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, (i) Agent shall have the right (but shall have no obligation) (ii) or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) right, to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Tefron LTD)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Pediatric Services of America Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (PAV Republic, Inc.)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Advance to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanRevolving Credit Advance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Revolving Credit Advance, purchase a participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Obligations and Commitments and all of the outstanding Term Loans of held by that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Sothebys Holdings Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders”, “Requisite Revolving Lenders” or “Supermajority Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Black Warrior Wireline Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) with Agent’s consent (which consent shall not be unreasonably withheld or delayed with respect to a Qualified Assignee) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

Non-Funding Lenders. The failure of any Non-Non Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Standard Motor Products Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any ~any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Requisite Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Roller Bearing Co of America Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term A Loan or any payment required by it hereunder shall not relieve any other Lender Credit Agreement (Omni) (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans A Loan Commitment of that Non-Funding Lender for an amount equal to the principal balance of all the Term Loans A Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Omni Energy Services Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Additional Term Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Additional Term LoanLoan on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Additional Term Loan, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans Commitment of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Penn Traffic Co)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term advance of a Loan or any payment required by it hereunder hereunder, or to purchase any participation in any Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term Loanadvance or payment or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” hereunderLenders") for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan or any payment required by it hereunder on the date specified thereof, shall not relieve any the other Lender Lenders (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanLoan or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Loan, purchase a participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Document Financing Agreement or constitute a “Lender” (or be included in the calculation of “Requisite Lender” hereunder) for any voting or consent rights under or with respect to any Debt DocumentFinancing Agreement. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Revolving Loan Commitments and all of the outstanding Term Revolving Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Revolving Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)and Assumption Agreement.

Appears in 1 contract

Samples: Credit Agreement (Imax Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan or Export-Related Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders", "Requisite Revolving Lenders" or "Requisite Term Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Applied Extrusion Technologies Inc /De)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Tranche A Revolving Credit Advance or Tranche B Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender”, a “Tranche A Revolving Lenderor a "Tranche B Revolving Lender", as applicable (or be included in the calculation of “Requisite LenderLenders” hereunder) ), for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Finlay Fine Jewelry Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term A Loan or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan an Advance or make any 52 Senior Credit Agreement (Omni) other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans A Loan Commitment of that Non-Funding Lender for an amount equal to the principal balance of all the Term Loans A Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Omni Energy Services Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders”, “Requisite Revolving Lenders” or “Supermajority Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Solo Cup CO)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders,” “Requisite Revolving Lenders” or “Supermajority Revolving Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At BorrowerBorrower Representative’s request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ddi Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”"OTHER LENDER") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Radio Unica Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders" or "Supermajority Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Insteel Industries Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Advance or any payment required by it hereunder to be made by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanAdvance on such date, but neither any Other Lender nor the Administrative Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights fights under or with respect to any Debt Transaction Document or constitute a "Lender" (or be included in the calculation of “Requisite Lender” "Required Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Transaction Document. At the Borrower’s 's request, the Administrative Agent or a person Person reasonably acceptable to the Administrative Agent shall have the right with the Administrative Agent’s 's consent and in the Administrative Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at the Administrative Agent’s 's request, sell and assign to the Administrative Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans Lender Facility Limit of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans the Net Investment held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Securities Funding Agreement (Union Acceptance Corp)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders," "Requisite Revolving Lenders" or "Supermajority Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s Borrower Representative's request, Agent or a person Person reasonably acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an "Other Lender") of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" or a "Revolving Lender" (or be included in the calculation of "Requisite Lender” Lenders," or "Requisite Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (510152 N B LTD)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Lender, an "Other Lender") of its obligations to make such Term LoanRevolving Credit Advance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make a Term Loan Revolving Credit Advance, purchase a participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lender” Lenders" hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s 's request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s 's consent and in Agent’s 's sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s 's request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans the Revolving Loan held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Credit Store Inc)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder hereunder, or to purchase any participation in any Swing Line Loan to be made or purchased by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Administrative Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite LenderLenders” or “Supermajority Lenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Administrative Agent or a person reasonably Person acceptable to Administrative Agent shall have the right with Administrative Agent’s consent and in Administrative Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Administrative Agent’s request, sell and assign to Administrative Agent or such personPerson, all of the Revolving Loan Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Revolving Loan Agreement (Wheeling Pittsburgh Corp /De/)

Non-Funding Lenders. The failure of any Non-Funding Lender to make any Term Loan Revolving Credit Advance or any payment required by it hereunder on the date specified therefor shall not relieve any other Lender (each such other Revolving Lender, an “Other Lender”) of its obligations to make such Term LoanAdvance or purchase such participation on such date, but neither any Other Lender nor Agent shall be responsible for the failure of any Non-Funding Lender to make an Advance, purchase a Term Loan participation or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Debt Loan Document or constitute a “Lender” or a “Revolving Lender” (or be included in the calculation of “Requisite LenderLenders” hereunder) for any voting or consent rights under or with respect to any Debt Loan Document. At Borrower’s request, Agent or a person reasonably Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s request, sell and assign to Agent or such personPerson, all of the Commitments and all of the outstanding Term Loans of that Non-Funding Lender for an amount equal to the principal balance of all Term Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement (as defined below)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Measurement Specialties Inc)

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