Addition of New Lenders Sample Clauses

Addition of New Lenders. Each Lender party to this Amendment that was not previously a party to the Reimbursement Agreement (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to become a Lender under the Reimbursement Agreement, (ii) from and after the date hereof, it shall be bound by the provisions of the Reimbursement Agreement as a Lender thereunder and, to the extent of its L/C Commitment shown on SCHEDULE 1 hereto, shall have the obligations of a Lender thereunder, (iii) it has received a copy of the Reimbursement Agreement, together with copies of the most recent financial statements delivered pursuant thereto, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment and it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (iv) if it is a Foreign Lender, it has separately delivered to the Administrative Agent and the Credit Parties any documentation required to be delivered by it pursuant to the terms of the Reimbursement Agreement, duly completed and executed by such new Lender; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms all of the obligations that by the terms of the Credit Documents are required to be performed by it as a Lender. Upon the effectiveness of this Amendment the aggregate Letter of Credit Participating Interests shall be reallocated among all of the Lenders Pro Rata based upon the L/C Commitments shown on SCHEDULE 1, it being intended that the new Lender's L/C Commitments and Letter of Credit Participating Interests shall be pari passu with those of the other Lenders.
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Addition of New Lenders. Subject to Section 2.02(c), the Borrower may, with the prior written consent of the Administrative Agent and the LC Bank, add additional Persons as Lenders. Each new Lender shall become a party hereto, by executing and delivering to the Administrative Agent, the LC Bank and the Borrower, an assumption agreement (each, an “Assumption Agreement”) in the form of Exhibit C hereto.
Addition of New Lenders. To reflect the fact that certain financial institutions which are not currently Short Term Lenders may desire to become Short Term Lenders under the Credit Agreement, any such financial institution signing below as an "Applicant Financial Institution" (and defined herein as such) shall become a "Short Term Lender" under the Credit Agreement as of the Effective Date, and shall be deemed approved by each of the Company and the Managing Administrative Agent pursuant to Paragraph 14(a) of the Credit Agreement, on the following terms and conditions:
Addition of New Lenders. The parties hereto hereby confirm and agree that, from and after the date hereof, each of the New Lenders shall be a Lender for all purposes of the Credit Agreement and the other Documents having the Commitment set forth opposite its name on Schedule A hereto and all references herein or therein to “Lenders” or a “Lender” shall be deemed to include the New Lenders.
Addition of New Lenders. On the Effective Date, (a) each financial institution listed on the signature pages hereof that was not a party to the Existing Loan Agreement (each, a "New Lender") shall automatically become a party hereto and be entitled to the rights and remedies, and have the obligations, of a "Lender" hereunder, (b) each New Lender with a Revolving Loan Commitment shall deliver to the Administrative Agent immediately available funds to cover such New Lender's Revolving Percentage of all outstanding "Loans" under the Existing Loan Agreement after giving effect to all repayments thereof made on the
Addition of New Lenders. The parties hereto confirm and agree that, from and after the date hereof, each of BNP Paribas (Canada), HSBC Bank Canada, Rabobank Nederland, Canadian Branch and Société Générale (Canada) (collectively, the “New Lenders” and, individually, a “New Lender”) shall be a Lender for all purposes of the Credit Agreement and other Loan Documents having the Individual Commitment set forth opposite its name on Schedule A hereto and all references herein or therein to “Lenders” or “a Lender” shall be deemed to include each of the New Lenders.
Addition of New Lenders. On May 21, 1999, subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Credit Agreements shall be and hereby are amended to add certain parties as Lenders thereunder as follows:
Addition of New Lenders. As of the date hereof, each New Lender will be a Lender under the Original Agreement. Each Existing Lender and each New Lender hereby agree that it shall have a Percentage Share in the amount set forth opposite such Lender’s name on the Lenders Schedule attached hereto as Schedule 3 under the heading “Percentage Share”. By its execution and delivery of this Amendment, each New Lender hereby assumes all of the rights and obligations of a Lender under the Credit Agreement to the extent of its Percentage Share.
Addition of New Lenders. The parties hereto acknowledge that Borrower has asked Agent to identify one or more financial institutions that wish to become additional Lenders under this Agreement. Such additional Lenders would have commitments in an aggregate amount of up to $50,000,000. Lenders agree that, if Agent is successful in identifying such additional Lenders, the amount of the Commitment, on March 31, 2000, will be reduced to the sum of $150,000,000 plus the amount of the Commitments of such additional Lenders (rather than to $150,000,000 as is now contemplated by the definition of "Commitment"). If any such additional Lenders become parties to this Agreement prior to the scheduled Commitment reduction on March 31, 2000, then each Lender's Pro Rata share shall be recalculated accordingly. The parties hereto further acknowledge that they will negotiate in good faith to reach agreement on such other amendments to the Loan Documents as may be necessary to give effect to the addition of such other Lenders.
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