Common use of Replacement of a GIEK Lender Clause in Contracts

Replacement of a GIEK Lender. With the prior written consent of the GIEK Facility Agent, the Borrower shall have the right, in the absence of a Default or Event of Default, to replace any GIEK Lender that charges a material amount in excess of that being charged by the other GIEK Lenders with respect to contingencies described in

Appears in 4 contracts

Samples: Secured Term Loan Facility Agreement, www.sec.gov, Loan Facility Agreement (Seadrill Partners LLC)

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