Replacement Banks. Upon the election of any Bank to request reimbursement by a Borrower for amounts due under Section 8.01 or Section 2.11 hereof, or in the case of a Delinquent Bank, the Borrowers may find a replacement Bank which shall be reasonably satisfactory to the Agent and the Borrowers (a “Replacement Bank”). Each Bank agrees that, should it be identified for replacement pursuant to this Section 8.02, it will promptly execute and deliver (against payment to such Bank of all sums owing to it under the Loan Documents, whether or not then due) all documents and instruments reasonably required by the Borrowers to assign such Bank’s Loans and Commitment to the applicable Replacement Bank.
Appears in 4 contracts
Samples: Credit Agreement (Putnam Sustainable Leaders Fund), Credit Agreement (Putnam Diversified Income Trust), Credit Agreement (Putnam Massachusetts Tax Exempt Income Fund/Ma/)
Replacement Banks. Upon the election of any Bank to request reimbursement by a the Borrower for amounts due under Section 8.01 or Section 2.11 hereofupon the suspension of any Bank’s obligation to make, convert to or in the case of a Delinquent Bankcontinue LIBOR Loans, the Borrowers Borrower may find a replacement Bank which shall be reasonably satisfactory to the Agent and the Borrowers Borrower (a “Replacement Bank”). Each Bank agrees that, should it be identified for replacement pursuant to this Section 8.028.05, it will promptly execute and deliver (against payment to such Bank of all sums owing to it under the Loan Documents, whether or not then due, including the Term Loan Prepayment Indemnity) all documents and instruments reasonably required by the Borrowers Borrower to assign such Bank’s Loans Loan(s) and Commitment Commitment(s) to the applicable Replacement Bank.
Appears in 1 contract
Samples: Credit Agreement (Neuberger Berman Real Estate Securities Income Fund Inc)
Replacement Banks. Upon the election of any Bank to request reimbursement by a the Borrower for amounts due under Section 8.01 or Section 2.11 hereofupon the suspension of any Bank’s obligation to make, convert to or in the case of a Delinquent Bankcontinue LIBOR Loans, the Borrowers Borrower may find a replacement Bank which shall be reasonably satisfactory to the Agent and the Borrowers Borrower (a “Replacement Bank”). Each Bank agrees that, should it be identified for replacement pursuant to this Section 8.028.05, it will promptly execute and deliver (against payment to such Bank of all sums owing to it under the Loan Documents, whether or not then due) all documents and instruments reasonably required by the Borrowers Borrower to assign such Bank’s Loans and Commitment to the applicable Replacement Bank.
Appears in 1 contract
Samples: Credit Agreement (Neuberger Berman Real Estate Securities Income Fund Inc)
Replacement Banks. Upon the election of any Bank to request reimbursement by a the Borrower for amounts due under Section 8.01 or Section 2.11 hereofupon the suspension of any Bank’s obligation to make, convert to or in the case of a Delinquent Bankcontinue LIBOR Loans, the Borrowers Borrower may find a replacement Bank which shall be reasonably satisfactory to the Agent and the Borrowers Borrower (a “Replacement Bank”). Each Bank agrees that, should it be identified for replacement pursuant to this Section 8.028.06, it will promptly execute and deliver (against payment to such Bank of all sums owing to it under the Loan Documents, whether or not then due) all documents and instruments reasonably required by the Borrowers Borrower to assign such Bank’s Loans and Commitment to the applicable Replacement Bank.
Appears in 1 contract
Samples: Credit Agreement (Credit Suisse High Yield Bond Fund)
Replacement Banks. Upon the election of any Bank to request reimbursement by a the Borrower for amounts due under Section 8.01 or Section 2.11 hereofupon the suspension of any Bank’s obligation to make, convert to or in the case of a Delinquent Bankcontinue SOFR Loans, the Borrowers Borrower may find a replacement Bank which shall be reasonably satisfactory to the Agent and the Borrowers Borrower (a “Replacement Bank”). Each Bank agrees that, should it be identified for replacement pursuant to this Section 8.028.05, it will promptly execute and deliver (against payment to such Bank of all sums owing to it under the Loan Documents, whether or not then due, including the Term Loan Prepayment Indemnity) all documents and instruments reasonably required by the Borrowers Borrower to assign such Bank’s Loans Loan(s) and Commitment Revolving Commitment(s) to the applicable Replacement Bank.
Appears in 1 contract
Samples: Credit Agreement (Neuberger Berman Real Estate Securities Income Fund Inc)
Replacement Banks. Upon the election of any Bank to request reimbursement by a Borrower for amounts due under Section 8.01 or Section 2.11 hereof, or in the case of a Delinquent Bank, the Borrowers may find a replacement Bank which shall be reasonably satisfactory to the Agent and the Borrowers (a “Replacement Bank”). Each Bank agrees that, should it be identified for replacement pursuant to this Section 8.02, it will (at the Borrowers’ expense) promptly execute and deliver (against payment to such Bank of all sums owing to it under the Loan Documents, whether or not then due) all documents and instruments reasonably required by the Borrowers to assign such Bank’s Loans and Commitment to the applicable Replacement Bank.
Appears in 1 contract
Samples: Credit Agreement (Allianz Funds)