Common use of Reallocation of Commitments and Loans Clause in Contracts

Reallocation of Commitments and Loans. The Lenders party to the Original Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in the Original Credit Agreement) as contemplated by this Agreement. On the Effective Date and after giving effect to such reallocation and adjustment of the Aggregate Commitment, the Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 and each Lender shall own its Applicable Percentage of the outstanding Loans. The reallocation and adjustment to the Commitments of each Lender as contemplated by this Section 11.17 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto as if each of the Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Commitments. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C) with respect to the assignments and reallocations of the Commitments contemplated by this Section 11.17. To the extent requested by any Lender, and in accordance with Section 2.16, the Borrowers shall pay to such Lender, within the time period prescribed by Section 2.16, any amounts required to be paid by the Borrowers under Section 2.16 in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.17.

Appears in 2 contracts

Samples: Credit Agreement (Antero Resources LLC), Credit Agreement (Antero Resources Finance Corp)

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Reallocation of Commitments and Loans. The Lenders party to the Original Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in on the Original Credit Agreement) as contemplated by date this Agreement. On the Effective Date and Amendment becomes effective and, after giving effect to such reallocation and adjustment of the Aggregate Commitmentreallocation, the Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 and 2.01 attached to this Amendment. With respect to such reallocation, each Lender shall own fund its portion of the Loans, as determined by the Administrative Agent, to the Administrative Agent such that, after giving effect thereto, the principal amount of each Lender's outstanding Loans shall be and be deemed to be equal to its Applicable Percentage of the aggregate outstanding principal amount of all Loans. The reallocation and adjustment to the Commitments of each Lender as contemplated by this Section 11.17 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto as if each of the Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Commitments. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C) of the Credit Agreement with respect to the assignments and reallocations of the Commitments contemplated by this Section 11.172. To the extent requested by any Lender, and in accordance with Section 2.16, the Borrowers Borrower shall pay to such Lender, within the time period prescribed by Section 2.162.16 of the Credit Agreement, any amounts required to be paid by the Borrowers Borrower under Section 2.16 of the Credit Agreement in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.172.

Appears in 1 contract

Samples: Credit Agreement (Clayton Williams Energy Inc /De)

Reallocation of Commitments and Loans. The Lenders (including the Departing Lenders) party to the Original Existing Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in the Original Existing Credit Agreement) as contemplated by this Agreement. On the Effective Closing Date and after giving effect to such reallocation and adjustment of the Aggregate Total Commitment, the Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 1.1(a) and each Lender shall own its Applicable Percentage of the outstanding Loans. The reallocation and adjustment to the Commitments of each Lender as contemplated by this Section 11.17 13.26 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A G hereto as if each of the Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each The Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Commitments. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C13.6(b)(ii)(C) with respect to the assignments and reallocations of the Commitments contemplated by this Section 11.1713.26. To the extent requested by any Lender, and in accordance with Section 2.162.11, the Borrowers Borrower shall pay to such Lender, within the time period prescribed by Section 2.162.11, any amounts required to be paid by the Borrowers Borrower under Section 2.16 2.11 in the event the payment of any principal of any Eurodollar LIBOR Loan or the conversion of any Eurodollar LIBOR Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.1713.26. After giving effect to this Section 13.26, as of the Closing Date, each Departing Lender shall cease to be a Lender under this Agreement or have any rights or obligations hereunder (except with respect to any indemnification obligations of the Borrower and the other Credit Parties and any other provisions which by their terms expressly survive repayment of the Loans and the termination of the Credit Documents).

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

Reallocation of Commitments and Loans. The Lenders party to the Original Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in the Original Credit Agreement) as contemplated by this AgreementAgreement and to adjust their interests in the Revolving Commitment and the Loans accordingly. On the Effective Date and after giving effect to such reallocation and adjustment of the Aggregate Commitment, the Revolving Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 2.01 and each Lender shall own its Applicable Percentage of the outstanding Loans. The reallocation and adjustment to the Revolving Commitments of each Lender as contemplated by this Section 11.17 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto as if each of the Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each The Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Revolving Commitments. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C) with respect to the assignments and reallocations of the Revolving Commitments contemplated by this Section 11.17. To the extent requested by any Lender, and in accordance with Section 2.162.17, the Borrowers Borrower shall pay to such Lender, within the time period prescribed by Section 2.162.17, any amounts required to be paid by the Borrowers Borrower under Section 2.16 2.17 in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.17.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Reallocation of Commitments and Loans. The Lenders party to the Original Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in on the Original Credit Agreement) as contemplated by date this Agreement. On the Effective Date and Amendment becomes effective and, after giving effect to such reallocation and adjustment of the Aggregate Commitmentreallocation, the Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 and 2.01 attached to this Amendment. With respect to such reallocation, each Lender shall own fund its portion of the Revolving Loans, as determined by the Administrative Agent, to the Administrative Agent such that, after giving effect thereto, the principal amount of each Lender’s outstanding Revolving Loans shall be and be deemed to be equal to its Applicable Percentage of the aggregate outstanding principal amount of all Revolving Loans. The reallocation and adjustment to the Commitments of each Lender as contemplated by this Section 11.17 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto as if each of the Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Commitments. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C10.06(b)(iv) of the Credit Agreement with respect to the assignments and reallocations of the Commitments contemplated by this Section 11.173. To the extent requested by any Lender, and in accordance with Section 2.162.16 of the Credit Agreement, the Borrowers Borrower shall pay to such Lender, within the time period prescribed by Section 2.162.16 of the Credit Agreement, any amounts required to be paid by the Borrowers Borrower under Section 2.16 of the Credit Agreement in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.173.

Appears in 1 contract

Samples: Credit Agreement (Concho Resources Inc)

Reallocation of Commitments and Loans. The Lenders party to the Original Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in the Original Credit Agreement) as contemplated by this Agreement, and to, among other things, allow certain financial institutions identified by the Lead Arranger in consultation with the Borrower, to become a party to this Agreement as a Lender (each, a “New Lender”) by acquiring an interest in the Aggregate Commitment. On the Effective Date and after giving effect to such reallocation and adjustment of the Aggregate Commitment, the Commitment and Applicable Percentage of each Lender Lender, including each New Lender, shall be as set forth on Schedule 1.01 2.01 and each Lender Lender, including each New Lender, shall own its Applicable Percentage of the outstanding Loans. The reallocation and adjustment to the Commitments of each Lender Lender, including each New Lender, as contemplated by this Section 11.17 11.19 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto as if each of the Lenders Lenders, including each New Lender, had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each The Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the CommitmentsCommitments and each New Lender’s acquisition of an interest in the Aggregate Commitment. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C) with respect to the assignments and reallocations of the Commitments contemplated by this Section 11.1711.19. To the extent requested by any Lender, and in accordance with Section 2.16, the Borrowers Borrower shall pay to such Lender, within the time period prescribed by Section 2.16, any amounts required to be paid by the Borrowers Borrower under Section 2.16 in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.1711.19.

Appears in 1 contract

Samples: Credit Agreement (Clayton Williams Energy Inc /De)

Reallocation of Commitments and Loans. The Lenders (including the Departing Lenders) party to the Original Existing Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in the Original Existing Credit Agreement) as contemplated by this Agreement. On the Effective Date and after giving effect to such reallocation and adjustment of the Aggregate Commitment, the Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 and each Lender shall own its Applicable Percentage of the outstanding Loans. The reallocation and adjustment to the Commitments of each Lender as contemplated by this Section 11.17 11.18 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto as if each of the Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Commitments. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C) with respect to the assignments and reallocations of the Commitments contemplated by this Section 11.1711.18. To the extent requested by any Lender, and in accordance with Section 2.16, the Borrowers Borrower shall pay to such Lender, within the time period prescribed by Section 2.16, any amounts required to be paid by the Borrowers Borrower under Section 2.16 in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.1711.18.

Appears in 1 contract

Samples: Credit Agreement (ANTERO RESOURCES Corp)

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Reallocation of Commitments and Loans. The Lenders party to the Original Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in the Original Credit Agreement) as contemplated by this AgreementAmendment. On the Amendment Effective Date and after giving effect to such reallocation and adjustment the increase of the Aggregate CommitmentCommitment contemplated by Section 4, the Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 2.01 attached hereto and each Lender shall own its Applicable Percentage of the outstanding Loans. The reallocation and adjustment to the Commitments of each Lender as contemplated by this Section 11.17 5 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto to the Credit Agreement as if each of the Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each The Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Commitments. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C) of the Credit Agreement with respect to the assignments and reallocations of the Commitments contemplated by this Section 11.175. To the extent requested by any Lender, and in accordance with Section 2.162.16 of the Credit Agreement, the Borrowers Borrower shall pay to such Lender, within the time period prescribed by Section 2.162.16 of the Credit Agreement, any amounts required to be paid by the Borrowers Borrower under Section 2.16 of the Credit Agreement in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.175.

Appears in 1 contract

Samples: Credit Agreement (Clayton Williams Energy Inc /De)

Reallocation of Commitments and Loans. The Lenders party to the Original Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in and Administrative Agent and the Original Credit Agreement) as contemplated by this AgreementBorrowers hereby consent to such reallocation. On the Effective Date date this Amendment becomes effective and after giving effect to such reallocation and adjustment of the Aggregate Commitment, the Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 and each Lender shall own its Applicable Percentage of this Amendment. Any reallocation among the outstanding Loans. The reallocation and adjustment to the Commitments of each Lender as contemplated by this Section 11.17 Lenders shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto to the Credit Agreement as if each of the such Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Commitmentsreallocation. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 11.04(b)(ii)(C) of the Credit Agreement with respect to the assignments and reallocations of the Commitments contemplated by this Section 11.173. To the extent requested by any Lender, and Lender in accordance with Section 2.162.16 of the Credit Agreement, the Borrowers shall pay to such Lender, within the time period prescribed by Section 2.162.16 of the Credit Agreement, any amounts required to be paid by the Borrowers under Section 2.16 of the Credit Agreement in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.173.

Appears in 1 contract

Samples: Credit Agreement (Antero Resources Finance Corp)

Reallocation of Commitments and Loans. The Lenders party to the Original Credit Agreement have agreed among themselves to reallocate their respective Commitments (as defined in the Original Credit Agreement) as contemplated by this AgreementAgreement and to adjust their interests in the Revolving Commitment and the Loans accordingly. On the Effective Date and after giving effect to such reallocation and adjustment of the Aggregate Commitment, the Revolving Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01 2.01 and each Lender shall own its Applicable Percentage of the outstanding Loans. The reallocation and adjustment to the Revolving Commitments of each Lender as contemplated by this Section 11.17 shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A hereto as if each of the Lenders had executed an Assignment and Assumption with respect to such reallocation and adjustment. Each The Borrower and the Administrative Agent hereby consent to such reallocation and adjustment of the Revolving Commitments. The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section EXCO CREDIT AGREEMENT – Page 127 11.04(b)(ii)(C) with respect to the assignments and reallocations of the Revolving Commitments contemplated by this Section 11.17. To the extent requested by any Lender, and in accordance with Section 2.162.17, the Borrowers Borrower shall pay to such Lender, within the time period prescribed by Section 2.162.17, any amounts required to be paid by the Borrowers Borrower under Section 2.16 2.17 in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.17.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

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