Common use of Reallocation of Revolving Credit Loans Clause in Contracts

Reallocation of Revolving Credit Loans. Upon any Incremental Facility Closing Date on which a Revolving Commitment Increase is effected pursuant to this Section 2.14, each of the Revolving Credit Lenders in respect of the Class of Revolving Credit Commitments that is being increased (the “Applicable Revolving Credit Lenders”) shall assign to each of the Incremental Revolving Credit Lenders and each of the Incremental Revolving Credit Lenders shall purchase from each of the Applicable Revolving Credit Lenders, at the principal amount thereof, such interests in the Revolving Credit Loans of the applicable Class outstanding on such Incremental Facility Closing Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Credit Loans will be held by the Applicable Revolving Credit Lenders and Incremental Revolving Credit Lenders ratably in accordance with their Revolving Credit Commitments for such Class after giving effect to the Revolving Commitment Increase, (b) each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit Commitment and each Loan made thereunder shall be deemed, for all purposes, a Revolving Credit Loan, and (c) each Incremental Revolving Credit Lender shall become a Lender with respect to the Incremental Revolving Credit Commitments and all matters relating thereto. The Administrative Agent and the Lenders hereby agree that the minimum borrowing and prepayment requirements in Section 2.02 and 2.05(a) of this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence.

Appears in 8 contracts

Samples: Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Iqvia Holdings Inc.)

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Reallocation of Revolving Credit Loans. Upon any Incremental Facility Closing Date on which a Revolving Commitment Increase is effected pursuant to this Section 2.14, each (A) Each of the Applicable Revolving Credit Lenders in respect of the Class of Revolving Credit Commitments that is being increased (the “Applicable Revolving Credit Lenders”) shall assign to each of the Incremental U.S. Revolving Credit Lenders Lenders, and each of the Incremental U.S. Revolving Credit Lenders Lender shall purchase from each of the Applicable Revolving Credit Lenders, at the principal amount thereof, such interests in the Extended Maturity U.S. Revolving Credit Loans of outstanding at the applicable Class outstanding on such Incremental Facility Closing Date Effective Time as shall be necessary in order that, after giving effect to all such assignments and purchases, such Extended Maturity U.S. Revolving Credit Loans will be held by the Applicable Revolving Credit Lenders and Incremental U.S. Revolving Credit Lenders ratably in accordance with their Extended Maturity U.S. Revolving Credit Commitments for such Class after giving effect to the Revolving Commitment IncreaseIncrease in respect of the Extended Maturity U.S. Revolving Credit Commitments at the Incremental Effective Time. (B) Each of the Applicable Revolving Credit Lenders shall assign to each of the Incremental Japanese Revolving Credit Lenders, (b) and each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit Commitment and each Loan made thereunder shall be deemed, for all purposes, a Revolving Credit Loan, and (c) each Incremental Japanese Revolving Credit Lender shall become a Lender with respect to purchase from each of the Applicable Revolving Credit Lenders, at the principal amount thereof, such interests in the Extended Maturity Japanese Revolving Credit Loans outstanding at the Incremental Effective Time as shall be necessary in order that, after giving effect to all such assignments and purchases, such Extended Maturity Japanese Revolving Credit Loans will be held by Applicable Revolving Credit Lenders and Incremental Japanese Revolving Credit Lenders ratably in accordance with their Extended Maturity Japanese Revolving Credit Commitments after giving effect to the Revolving Commitment Increase in respect of the Extended Maturity Japanese Revolving Credit Commitments at the Incremental Effective Time. (C) Each of the Applicable Revolving Credit Lenders shall assign to each of the Incremental Swiss/Multicurrency Revolving Credit Lenders, and each Incremental Swiss/Multicurrency Revolving Credit Lender shall purchase from each of the Applicable Revolving Credit Lenders, at the principal amount thereof, such interests in the Extended Maturity Swiss/Multicurrency Revolving Credit Loans outstanding at the Incremental Effective Time as shall be necessary in order that, after giving effect to all matters relating thereto. such assignments and purchases, such Extended Maturity Swiss/Multicurrency Revolving Credit Loans will be held by Applicable Revolving Credit Lenders and Incremental Swiss/Multicurrency Revolving Credit Lenders ratably in accordance with their Extended Maturity Swiss/Multicurrency Revolving Credit Commitments after giving effect to the Revolving Commitment Increase in respect of the Extended Maturity Swiss/Multicurrency Revolving Credit Commitments at the Incremental Effective Time. (D) The Administrative Agent and the Lenders hereby agree that the minimum borrowing and prepayment requirements set forth in Section 2.02 and 2.05(a) of this the Fourth Amended and Restated Credit Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentencethis Section 3(c)(vi).

Appears in 1 contract

Samples: Credit Agreement (Quintiles IMS Holdings, Inc.)

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