Common use of Replacement of Non-Extending Lenders Clause in Contracts

Replacement of Non-Extending Lenders. If any Lender is a Non-Extending Lender under §3.4, then BGI, Xxxxxx Luxembourg and/or Xxxxxx Switzerland, as the case may be, may at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, this §15), all of its interests, rights and obligations under this Credit Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: (a) the applicable Borrower, shall have paid to the Administrative Agent the assignment fee specified in this §15; (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and Letter of Credit Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under §16.3) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); (c) such assignment does not conflict with applicable laws.

Replacement of Non-Extending Lenders. If any Lender is a Non-Extending Lender under §3.4, then BGI, Xxxxxx Germany, Xxxxxx Luxembourg and/or Xxxxxx Switzerland, as the case may be, may at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, this §15), all of its interests, rights and obligations under this Credit Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: (a) the applicable Borrower, shall have paid to the Administrative Agent the assignment fee specified in this §15; (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and Letter of Credit Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under §16.3) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); (c) such assignment does not conflict with applicable laws.

Replacement of Non-Extending Lenders. If any Lender is On or before the applicable Extension Date the Borrower may require a Non-Extending Lender under §3.4, then BGI, Xxxxxx Luxembourg and/or Xxxxxx Switzerland, as the case may be, may at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegateassign, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, this §15Section 10.07, and pursuant to an Assignment and Assumption or other form satisfactory to the Administrative Agent), all of its interests, rights and obligations under this Credit Agreement and the related Loan Documents to an assignee Eligible Assignee (each, an “Additional Commitment Lender”) that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment)) effective as of the applicable Extension Date, provided that: : (ai) the applicable Borrower, Borrower shall have paid to the Administrative Agent the assignment fee specified in this §15; Section 10.07(b); (bii) such Non-Extending Lender shall have received payment of an amount equal to the outstanding principal of its Loans and Letter of Credit L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under §16.3Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers Borrower; and (in the case of all other amounts); (ciii) such assignment does not conflict with applicable lawsLaws.

Replacement of Non-Extending Lenders. If any Lender is a Non-Extending Lender under §3.4, then BGI, Xxxxxx Luxembourg BGI and/or Xxxxxx Switzerland, as the case may be, may at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, this §15), all of its interests, rights and obligations under this Credit Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: (a) the applicable Borrower, shall have paid to the Administrative Agent the assignment fee specified in this §15; (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and Letter of Credit Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under §16.3) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers Borrower (in the case of all other amounts); (c) such assignment does not conflict with applicable laws.