Common use of Reallocation of Lender Pro Rata Shares; No Novation Clause in Contracts

Reallocation of Lender Pro Rata Shares; No Novation. The Loans (as defined in the Existing Credit Agreement) made under the Existing Credit Agreement shall be deemed to be made under this Agreement on the date hereof, without executing any other documentation, and all such Loans currently outstanding shall be reallocated among the Lenders as follows:

Appears in 3 contracts

Samples: Credit Agreement (Sun Communities Inc), Credit Agreement (Sun Communities Inc), Credit Agreement (Sun Communities Inc)

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Reallocation of Lender Pro Rata Shares; No Novation. The Committed Loans (as defined in the Existing Credit Agreement) made under the Existing Credit Agreement shall be deemed to be made under this Agreement on the date hereof, without executing any other documentation, and all such Committed Loans currently outstanding shall be reallocated among the Lenders as follows:

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

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Reallocation of Lender Pro Rata Shares; No Novation. The On the Effective Date, the Loans (as defined in the Existing Credit Agreement) and related Obligations made under the Existing Credit Agreement shall be deemed to be have been made under this Agreement on the date hereofAgreement, without executing the execution by the Borrower or the Lenders of any other documentation, and all such Loans currently outstanding shall be deemed to have been simultaneously reallocated among the Lenders as follows:

Appears in 1 contract

Samples: Credit Agreement (Lexington Realty Trust)

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