Common use of Successor Swing Line Lender Clause in Contracts

Successor Swing Line Lender. In the event of a resignation or removal of any Swing Line Lender pursuant to subsection 11.2A, (i) Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Swing Line Lender, (ii) upon such prepayment, the retiring or removed Swing Line Lender shall surrender any Swing Line Notes held by it to Borrowers' Agent for cancellation, and (iii) if so requested by the successor Swing Line Lender in accordance with subsection 2.1E, the Domestic Borrowers shall issue a new Swing Line Note to the successor Swing Line Lender substantially in the form of Exhibit VII annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

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Successor Swing Line Lender. In the event of a resignation or removal of any Swing Line Lender pursuant to subsection 11.2A, (i) Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Swing Line Lender, (ii) upon such prepayment, the retiring or removed Swing Line Lender shall surrender any Swing Line Notes held by it to Borrowers' Agent Company for cancellation, and (iii) if so requested by the successor Swing Line Lender in accordance with subsection 2.1E, the Domestic Borrowers Company shall issue a new Swing Line Note to the successor Swing Line Lender substantially in the form of Exhibit VII annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

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Successor Swing Line Lender. In the event of a resignation or removal of any Swing Line Lender pursuant to subsection 11.2A10.2A, (i) Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Swing Line Lender, (ii) upon such prepayment, the retiring or removed Swing Line Lender shall surrender any Swing Line Notes held by it to Borrowers' ’ Agent for cancellation, and (iii) if so requested by the successor Swing Line Lender in accordance with subsection 2.1E, the Domestic Borrowers shall issue a new Swing Line Note to the successor Swing Line Lender substantially in the form of Exhibit VII VI annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

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