Common use of Reference Banks Clause in Contracts

Reference Banks. If any Reference Bank assigns its rights and obligations hereunder to an unaffiliated institution, the Borrower shall, in consultation with the Agent, appoint another Bank to act as a Reference Bank hereunder. If the Commitment of any Bank which is also a Reference Bank is terminated pursuant to the terms of this Agreement, the Borrower may, in consultation with the Agent, appoint a replacement Reference Bank.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)

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Reference Banks. If any Reference Bank assigns its rights and obligations hereunder to an unaffiliated institution, the Borrower shall, in consultation with the Administrative Agent, appoint another Bank Lender to act as a Reference Bank hereunder. If the Commitment of any Bank Lender which is also a Reference Bank is terminated pursuant to the terms of this Agreement, the Borrower may, in consultation with the Administrative Agent, appoint a replacement Reference Bank.

Appears in 3 contracts

Samples: Credit Agreement (Martin Marietta Materials Inc), Term Loan Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)

Reference Banks. If any Reference Bank assigns its rights and obligations hereunder to an unaffiliated institution, the Borrower shall, in consultation with the Administrative Agent, appoint another Bank Lender to act as a Reference Bank hereunder. If the Commitment of any Bank Lender which is also a Reference Bank is terminated becomes a Retiring Lender pursuant to the terms of this Agreement, the Borrower may, in consultation with the Administrative Agent, appoint a replacement Reference Bank.

Appears in 2 contracts

Samples: Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)

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Reference Banks. If any Reference Bank assigns its rights and obligations hereunder to an unaffiliated institution, the Borrower shall, in consultation with the Administrative Agent, appoint another Bank Lender to act as a Reference Bank hereunder. If the Commitment all Commitments of any Bank Lender which is also a Reference Bank is are terminated pursuant to the terms of this Agreement, the Borrower may, in consultation with the Administrative Agent, appoint a replacement Reference Bank.

Appears in 1 contract

Samples: Credit Agreement (Martin Marietta Materials Inc)

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