Common use of Replacement of a Lender Clause in Contracts

Replacement of a Lender. amend the Credit Agreement to include the right to replace a Lender (in whole and at par) if the Obligor becomes obliged to make payment under Illegality, Increased Costs, Tax Gross up or Tax Indemnity provisions to any Lender or if a Lender invokes the provisions of Clause 10 (Market Disruption).

Replacement of a Lender. amend the Credit Agreement to include the right to replace a Lender (in whole and at par) if the Obligor becomes obliged to make payment under Illegality, Increased Costs, Tax Gross up or Tax Indemnity provisions to any Lender or Lender, if a Lender invokes the provisions of Clause 10 11.2 (Market Disruption)) or if a Lender is a defaulting lender.