Optional Prepayment/Replacement of Lenders Sample Clauses

Optional Prepayment/Replacement of Lenders. Within fifteen (15) days after receipt by Borrower of written notice and demand from any Lender for payment pursuant to subsection 1.8 or 1.9 or, as provided in subsection 8.3(C), in the case of certain refusals by any Lender to consent to certain proposed amendments, modifications, terminations or waivers with respect to this Agreement that have been approved by Requisite Lenders (any such Lender demanding such payment or refusing to so consent being referred to herein as an "Affected Lender"), Borrower may, at its option, notify Agent and such Affected Lender of its intention to do one of the following:
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Optional Prepayment/Replacement of Lenders. If (a) Borrowers are required to pay increased sums to a particular Lender pursuant to the last sentence of subsection 2.12.1 or Section 3.8, (b) Borrowers are notified that a Lender will not make or maintain LIBOR Portions pursuant to subsection 3.1.10 or Section 3.9, (c) a particular Lender refuses or fails to execute a waiver of any provision hereof or a consent to any amendment hereto that has been requested by Borrowers and approved by Majority Lenders or (d) a particular Lender has exercised its option to refuse to fund additional Revolving Credit Loans during the existence of a Default or Event of Default pursuant to subsection 10.2.2 at a time when Majority Lenders continue funding Revolving Credit Loans notwithstanding the existence of such Default or Event of Default (any such Lender, an “Affected Lender”), Borrowers may obtain, at Borrowers’ expense, a replacement Lender (“Replacement Lender”) for such Affected Lender, which Replacement Lender shall be reasonably satisfactory to Agent. In the event Borrowers obtain a Replacement Lender that will refinance all outstanding Obligations owed to such Affected Lender and assume its entire Revolving Loan Commitment hereunder within one hundred twenty (120) days following notice of Borrowers’ intention to do so, the Affected Lender shall sell and assign all of its rights and delegate all of its obligations under this Agreement to such Replacement Lender in accordance with the provisions of subsection 11.9.1, provided that Borrowers have reimbursed such Affected Lender for (1) any fees owing by such Affected Lender under subsection 11.9.1 and (2) the amount of fees and expenses as to which such Affected Lender is entitled to reimbursement by Borrowers hereunder through the date of such sale and assignment.
Optional Prepayment/Replacement of Lenders. Within fifteen (15) days after receipt by Borrower of: (i) written notice and demand from any Lender for payment of additional costs as provided in subsection 2.9 or subsection 2.10, or (ii) written notice of any Lender’s inability to make LIBOR Loans as provided in subsection 2.11, (any such Lender demanding such payment or having such inability being referred to herein as an “Affected Lender”), Borrower may, at its option notify Agent and such Affected Lender of its intention to take one of the actions set forth herein in subparagraphs (A) or (B) below.
Optional Prepayment/Replacement of Lenders. If (a) Borrowers are required to pay increased sums to a particular Lender (an "Affected Lender") pursuant to the last sentence of Section 2.12 or Section 3.8 or (b) Borrowers are notified that an Affected Lender will not make or maintain LIBOR Portions pursuant to subsection 3.1.10 or Section 3.9, Borrowers may, at their option, notify Agent and such Lender of their intention to do one of the following:
Optional Prepayment/Replacement of Lenders. Within fifteen (15) days after receipt by Borrowing Agent of: (a) written notice and demand from any Lender for payment or reimbursement of additional costs as provided in Section 2.8 or section 2.9, or (b) written notice of any Lender’s inability to make LIBOR Loans as provided in Section 2.10, or information that such Lender is a Defaulting Lender (any such Lender demanding such payment or having such inability or being a Defaulting Lender being referred to herein as an “Affected Lender”), Parent may, at its option notify Agent and such Affected Lender of its intention to take one of the actions set forth herein in subparagraphs (A) or (B) below.
Optional Prepayment/Replacement of Lenders. Within fifteen (15) days after receipt by Borrower of (i) written notice and demand from any Lender for payment of additional costs as provided in subsection 2.9 or subsection 2.10 or (ii) written notice of any Lender’s inability to make Loans as provided in subsection 2.11 (any such Lender demanding such payment or having such inability being referred to herein as an “Affected Lender”), Borrower may, at its option notify Agent and such Affected Lender of its intention to take one of the actions set forth herein in subparagraph (A) or (B) below, provided that, in the case of an Affected Lender’s inability to make Loans as provided in subsection 2.11, Borrower’s option is conditional upon the Affected Lender not being required by law to terminate its Revolving Commitment hereunder prior to the expiry of the ninety (90) day period contemplated in subparagraphs (A) and (B) below:
Optional Prepayment/Replacement of Lenders. Within thirty (30) days after receipt by Borrowing Agent of: (a) written notice and demand from any Lender for payment of additional costs as provided in subsection 2.8 or subsection 2.9, or (b) written notice of any Lender’s inability to make LIBOR Loans or Canadian BA Rate Loans as provided in subsection 2.10 (any such Lender demanding such payment, having such inability or satisfying the conditions set forth in subsection 9.8(F) being referred to herein as an “Affected Lender”), Borrowing Agent may, at its option notify Agent and such Affected Lender of its intention to take one of the actions set forth herein in subparagraphs (A) or (B) below.
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Optional Prepayment/Replacement of Lenders. Within fifteen (15) days after receipt by Borrower of (i) written notice and demand from any Lender for payment of additional costs as provided in SUBSECTION 2.9 or SUBSECTION 2.10 or (ii) written notice of any Lender's inability to make Loans as provided in SUBSECTION 2.11 (any such Lender demanding such payment or having such inability being referred to herein as an "Affected Lender"), Borrower may, at its option notify Agent and such Affected Lender of its intention to take one of the actions set forth herein in SUBPARAGRAPH (A) or (B) below, provided that, in the case of an Affected Lender's inability to make Loans as provided in SUBSECTION 2.11, Borrower's option is conditional upon the Affected Lender not being required by law to terminate its Revolving Commitment hereunder prior to the expiry of the ninety (90) day period contemplated in SUBPARAGRAPHS (A) and (B) below:
Optional Prepayment/Replacement of Lenders. Within fifteen (15) ------------------------------------------ days after receipt by Borrower of: (i) written notice and demand from any Lender for payment of additional costs as provided in subsection 2.8 or subsection 2.9, -------------- -------------- or (ii) written notice of any Lender's inability to make LIBOR Loans as provided in subsection 2.10, (any such Lender demanding such payment or having such --------------- inability being referred to herein as an "Affected Lender"), Borrower may, at its option notify Agent and such Affected Lender of its intention to take one of the actions set forth herein in subparagraphs (A) or (B) below.
Optional Prepayment/Replacement of Lenders. Within sixty (60) days after ------------------------------------------ receipt by Borrower of written notice and demand from any Lender for payment pursuant to subsection 1.2(A), 1.7 or 1.8 (the items for which payment has been demanded are referred to as "Increased Costs") or, as provided in subsection 8.3(C), in the case of certain refusals by any Lender or participant to consent to certain proposed amendments, modifications, terminations or waivers with respect to this Agreement that have been approved by Requisite Lenders (any such Lender demanding such payment or Lender or participant refusing to consent being referred to herein as an "Affected Lender"), Borrower may, at its option, notify Agent and such Affected Lender of its intention to do one of the following:
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