Common use of Successor Swing Line Lender Clause in Contracts

Successor Swing Line Lender. Any resignation of Administrative Agent pursuant to subsection 11.5A shall also constitute the resignation of it or its successor as Swing Line Lender, and any successor Administrative Agent appointed pursuant to subsection 11.5A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Administrative Agent in its capacity as Swing Line Lender.

Appears in 3 contracts

Samples: Credit Agreement (Griffiths Pile Driving Inc), Credit Agreement (NACG Holdings Inc.), Credit Agreement (Nacg Finance LLC)

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Successor Swing Line Lender. Any resignation of the Administrative Agent pursuant to subsection 11.5A 9.5A shall also constitute the resignation of it CSFB or its successor as the Swing Line Lender, and any successor Administrative Agent appointed pursuant to subsection 11.5A 9.5A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Administrative Agent in its capacity as Swing Line Lender shall be transferred to the successor Swing Line Lender.

Appears in 2 contracts

Samples: Chinese Security Agreement (Chippac LTD), Credit Agreement (Chippac Inc)

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