Replacement of Term Lenders. If the Borrowers are entitled to replace a Term Lender pursuant to the provisions of Section 3.06, or is a Non-Consenting Lender referred to in Section 9.01, then (x) the Borrowers may, at their sole expense and effort, upon notice to such Term Lender and the Administrative Agent and (y) the Administrative Agent may upon notice to such Term Lender, require such Term Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 9.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Term Lender, if a Term Lender accepts such assignment), provided that:
Appears in 4 contracts
Samples: Credit Agreement (Intersections Inc), Credit Agreement (Intersections Inc), Credit Agreement (Intersections Inc)
