Replacement of a Lender. The Borrower shall have the right, in the absence of a Default or Event of Default, to replace any Lender that charges a material amount in excess of that being charged by the other Lenders with respect to contingencies described in (a) Clause 15 (Tax gross-up and indemnities); and (b) Clause 16 (Increased Costs).
Appears in 7 contracts
Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement
Replacement of a Lender. The Borrower shall have the right, in the absence of a Default or Event of Default, to replace any Lender that charges a material amount in excess of that being charged by the other Lenders with respect to contingencies described in
(a) Clause 15 (Tax gross-up and indemnities); and
(b) Clause 16 (Increased Costs).
Appears in 3 contracts
Samples: Senior Secured Term Loan and Revolving Credit Facility Agreement, Senior Secured Term Loan and Revolving Credit Facility Agreement (Seadrill Partners LLC), Senior Secured Term Loan and Revolving Credit Facility Agreement (Seadrill Partners LLC)
Replacement of a Lender. The Borrower shall have the right, in the absence of a Default or Event of Default, to replace any Lender that charges a material amount in excess of that being charged by the other Lenders with respect to contingencies described in
(a) Clause 15 13 (Tax gross-up and indemnities); and
(b) Clause 16 14 (Increased Costs).
Appears in 2 contracts
Samples: Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.), Senior Secured Credit Facility Agreement (Ocean Rig UDW Inc.)
