Common use of Replacement of Bank Clause in Contracts

Replacement of Bank. If such circumstances as are referred to in clause 15.1 shall arise, the Facility Agent, at the request of the Borrower, will consult with the Borrower with a view to identifying and approaching bank(s) and financial institution(s) acceptable to the Borrower who may be willing to become party to this Agreement as Bank(s) in replacement for the relevant Bank(s).

Replacement of Bank. (a) If such circumstances as are referred to in clause 15.1 shall arise, the Facility Agent, at the request of the Borrower, will consult with the Borrower with a view to identifying and approaching bank(s) and financial institution(s) acceptable to the Borrower who may be willing to become party to this Agreement as Bank(s) in replacement for the relevant Bank(s).