Common use of Removal and Replacement of Lenders Clause in Contracts

Removal and Replacement of Lenders. (a) Under any circumstances set forth herein providing that the Borrower shall have the right to remove or replace a Lender as a party to this Agreement, the Borrower may, upon notice to such Lender and the Administrative Agent, (i) remove such Lender by terminating such Lender’s Commitment or (ii) replace such Lender by causing such Lender to assign its Commitment (and Commitment Amount) (without payment of any assignment fee) pursuant to

Appears in 1 contract

Samples: Credit Agreement (Comstock Oil & Gas, LP)

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Removal and Replacement of Lenders. (a) Under any circumstances set forth herein providing that the Borrower shall have the right to remove or replace replace, as the case may be, a Lender as a party to this Agreement, the Borrower may, upon notice to such Lender and the Administrative Agent, (i) remove such Lender by terminating such Lender’s Commitment and repay in full all principal, interest, fees, and other amounts owing or (ii) replace accrued to such Lender by causing such Lender through the date of termination (including any amounts payable pursuant to assign its Commitment (and Commitment Amount) (without payment of any assignment fee) pursuant toSection 3.05), 364-Day Revolving Credit Agreement

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Alltel Corp)

Removal and Replacement of Lenders. (a) Under any circumstances set forth herein providing that the Borrower shall have the right to remove or replace a Lender as a party to this Agreement, the Borrower may, upon notice to such Lender and the Administrative Agent, (i) remove such Lender by terminating such Lender’s Commitment or (ii) replace such Lender by causing such Lender to assign its Commitment (and Commitment Amountpursuant to Section 10.07(b) (without payment of any assignment fee) pursuant toto one or more

Appears in 1 contract

Samples: Credit Agreement (FMC Technologies Inc)

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Removal and Replacement of Lenders. (a) Under any circumstances set forth herein providing that the Borrower shall have the right to remove or replace replace, as the case may be, a Lender as a party to this Agreement, the Borrower may, upon notice to such Lender and the Administrative Agent, (i) remove such Lender by terminating such Lender’s Commitment and repay in full all principal, interest, fees, and other amounts owing or (ii) replace such Lender by causing such Lender to assign its Commitment (and Commitment Amount) (without payment of any assignment fee) pursuant toaccrued

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Alltel Corp)

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