Common use of Term Loan Amendment Clause in Contracts

Term Loan Amendment. (i) Term Commitments shall become Commitments under this Agreement pursuant to an amendment (a “Term Loan Amendment”) to this Agreement in compliance with this Section 2.09 and executed by the Borrower, each Term Lender providing such Term Commitments and the Administrative Agent. Any corresponding amendments to the other Loan Documents necessary or appropriate in connection with and in compliance with this Section 2.09 shall be effective once executed by the Borrower and the Administrative Agent (without the consent of any Lender). The Term Loan Amendment may, without the consent of any other Lender, effect such amendments to this Agreement as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.09 (including introducing additional or tightening existing mandatory prepayments, representations and warranties, covenants or events of default for the benefit of all Lenders). The Borrower will use the proceeds of the Term Loans for any purpose not prohibited by this Agreement. No Lender shall be obligated to provide any Term Loans unless it so agrees.

Appears in 2 contracts

Samples: Credit Agreement (PDC Energy, Inc.), Credit Agreement (Permian Resources Corp)

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Term Loan Amendment. (i) New Term Commitments shall become Commitments under this Agreement pursuant to an amendment (a “Term Loan Amendment”) to this Agreement in compliance with this Section 2.09 2.11 and executed by the Borrower, each Term Lender Bank providing such New Term Commitments and the Administrative Agent. Any corresponding amendments to the other Loan Documents Papers necessary or appropriate in connection with and in compliance with this Section 2.09 2.11 shall be effective once executed by the Borrower and the Administrative Agent (without the consent of any LenderBank). The Term Loan Amendment may, without the consent of any other LenderBank, effect such amendments to this Agreement as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.09 2.11 (including introducing additional or tightening existing mandatory prepayments, representations and warranties, covenants or events of default for the benefit of all LendersBanks). The Borrower will use the proceeds of the Term Loans for any purpose not prohibited by this Agreement. No Lender Bank shall be obligated to provide any Term Loans unless it so agrees.

Appears in 1 contract

Samples: Credit Agreement (Vital Energy, Inc.)

Term Loan Amendment. (i) Term Commitments shall become Commitments under this Agreement pursuant to an amendment (a “Term Loan Amendment”) to this Agreement in compliance with this Section 2.09 2.17 and executed by the Borrower, each Term Lender Bank providing such Term Commitments and the Administrative Agent. Any corresponding amendments to the other Loan Documents Papers necessary or appropriate in connection with and in compliance with this Section 2.09 2.17 shall be effective once executed by the Borrower Xxxxxxxx and the Administrative Agent (without the consent of any LenderBank). The Term Loan Amendment may, without the consent of any other LenderBank, effect such amendments to this Agreement as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.09 2.17 (including introducing additional or tightening existing mandatory prepayments, representations and warranties, covenants or events of default for the benefit of all LendersBank). The Borrower will use the proceeds of the Term Loans for any purpose not prohibited by this Agreement. No Lender Bank shall be obligated to provide any Term Loans unless it so agrees.

Appears in 1 contract

Samples: Credit Agreement (Laredo Petroleum, Inc.)

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Term Loan Amendment. (i) Term Commitments shall become Commitments under this Agreement pursuant to an amendment (a “Term Loan Amendment”) to this Agreement in compliance with this Section 2.09 2.17 and executed by the Borrower, each Term Lender providing such Term Commitments and the Administrative Agent. Any corresponding amendments to the other Loan Credit Documents necessary or appropriate in connection with and in compliance with this Section 2.09 2.17 shall be effective once executed by the Borrower and the Administrative Agent (without the consent of any Lender). The Term Loan Amendment may, without the consent of any other Lender, effect such amendments to this Agreement as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.09 2.17 (including introducing additional or tightening existing mandatory prepayments, representations and warranties, covenants or events of default for the benefit of all Lenders). The Borrower will use the proceeds of the Term Loans for any purpose not prohibited by this Agreement. No Lender shall be obligated to provide any Term Loans unless it so agrees.

Appears in 1 contract

Samples: Credit Agreement (California Resources Corp)

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