Common use of Replacement of Defaulting Lenders Clause in Contracts

Replacement of Defaulting Lenders. If any Lender is a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to be replaced in accordance with Section 2.15.

Appears in 3 contracts

Samples: Credit Agreement (Rowan Companies Inc), Credit Agreement (Basic Energy Services Inc), Credit Agreement (Rowan Companies Inc)

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Replacement of Defaulting Lenders. If any Lender is a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to may replace such Lender and the Administrative Agent, require such Lender to be replaced in accordance with Section 2.152.16(b).

Appears in 3 contracts

Samples: Credit Agreement (CSG Systems International Inc), Credit Agreement (CSG Systems International Inc), Credit Agreement (CSG Systems International Inc)

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