Common use of Replacement Lender Clause in Contracts

Replacement Lender. If the Borrower becomes obligated to pay additional amounts to any Lender described in Section 9.2, 9.3 or 9.5, the Borrower may designate a financial institution reasonably acceptable to the Administrative Agent to replace such Lender by purchasing for cash and receiving an assignment of such Lender's pro rata share of such Lender's obligations under the Loan Documents and the Rights of such Lender under the Loan Documents without recourse to or warranty by, or expense to, such Lender, for a purchase price equal to the outstanding amounts owing to such Lender (including such additional amounts owing to such Lender pursuant to Section 9.3 or 9.

Appears in 1 contract

Samples: Term Credit Agreement (Pillowtex Corp)

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Replacement Lender. If the Borrower becomes obligated to pay additional amounts to any Lender described in Section 9.2, 9.3 or 9.5, the Borrower may designate a financial institution reasonably acceptable to the Administrative Agent to replace such Lender by purchasing for cash and receiving an assignment of such Lender's pro rata share of such Lender's obligations under the Loan Documents Commitment and the Rights of such Lender under the Loan Documents without recourse to or warranty by, or expense to, such Lender, for a purchase price equal to the outstanding amounts owing to such Lender (including such additional amounts owing to such Lender pursuant to Section 9.3 or 9.

Appears in 1 contract

Samples: Credit Agreement (Netcom Systems Inc)

Replacement Lender. If the Borrower becomes obligated to pay additional amounts to any Lender described in Section 9.2, SECTION 9.3 or 9.5, the Borrower may designate a financial institution reasonably acceptable to the Administrative Agent Lender to replace such Lender by purchasing for cash and receiving an assignment of such Lender's pro rata share of such Lender's obligations under share of the Loan Documents Revolving Credit Commitment and the Rights of such Lender under the Loan Documents without recourse to or warranty by, or expense to, such Lender, for a purchase price equal to the outstanding amounts owing to such Lender (including such additional amounts owing to such Lender pursuant to Section SECTION 9.3 or 9.

Appears in 1 contract

Samples: Credit Agreement (Power One Inc)

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Replacement Lender. If the Borrower becomes obligated to pay additional amounts to any Lender described in Section 9.2SECTION 9.3, 9.3 9.4 or 9.59.6, the Borrower Borrowers may designate a financial institution reasonably acceptable to the Administrative Agent to replace such Lender by purchasing for cash and receiving an assignment of such Lender's pro rata Specified Percentage share of such Lender's obligations under share of the Loan Documents Revolving Credit Commitment and the Rights of such Lender under the Loan Documents without recourse to or warranty by, or expense to, such Lender, for a purchase price equal to the outstanding amounts owing to such Lender (including such additional amounts owing to such Lender pursuant to Section 9.3 SECTION 9.3, 9.4 or 9.

Appears in 1 contract

Samples: Credit Agreement (Power One Inc)

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