Common use of Novation of New Lenders Clause in Contracts

Novation of New Lenders. Each of the New Lenders hereby agrees that it will be bound by the Credit Agreement and the other Loan Documents as a Lender to the extent of its Individual Commitment as fully as if it had been an original party to the Credit Agreement.

Appears in 2 contracts

Samples: Amending Agreement (Potash Corp of Saskatchewan Inc), Amending Agreement (Potash Corp of Saskatchewan Inc)

AutoNDA by SimpleDocs

Novation of New Lenders. Each of the New Lenders Lender hereby agrees that it will be bound by the Credit Agreement and the other Loan Documents as a Lender to the extent of its Individual Commitment as fully as if it had been an original party to the Credit Agreement.

Appears in 1 contract

Samples: First Amending Agreement (Potash Corp of Saskatchewan Inc)

Novation of New Lenders. Each of the New Lenders hereby agrees that it will be bound by the Credit Agreement and the other Loan Documents as a Lender to the extent of its Individual Commitment as fully as if it had been an original party to the Credit Agreement.

Appears in 1 contract

Samples: First Amending Agreement (Potash Corp of Saskatchewan Inc)

AutoNDA by SimpleDocs

Novation of New Lenders. Each of the New Lenders hereby agrees that it will be bound by the Credit Agreement and the other Loan Documents as a Lender to the extent of its Individual Commitment respective Commitments as fully as if it had been an original party to the Credit Agreement.

Appears in 1 contract

Samples: Second Amending Agreement (Nexen Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!