Common use of Additional Commitment Lenders Clause in Contracts

Additional Commitment Lenders. The Borrower shall have the right on or before the Existing Termination Date to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) with the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Each Additional Commitment Lender shall enter into an agreement in form and substance satisfactory to the Borrower and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date).

Appears in 10 contracts

Samples: Assignment and Assumption (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Assignment and Assumption (Nicor Inc)

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Additional Commitment Lenders. The Borrower shall have the right on or before the Existing Termination Date to replace each Non-Extending Lender with, and add as "Lenders" under this Agreement in place thereof, one or more Eligible Assignees (each, an "Additional Commitment Lender") with the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Each Additional Commitment Lender shall enter into an agreement in form and substance satisfactory to the Borrower and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s 's Commitment hereunder on such date).

Appears in 6 contracts

Samples: Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Day Credit Agreement (Nicor Inc)

Additional Commitment Lenders. The Borrower Borrowers shall have the right on or before the Existing Termination Date to replace each Non-Extending Lender with, and add as "Lenders" under this Agreement in place thereof, one or more Eligible Assignees (each, an "Additional Commitment Lender") with the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Each Additional Commitment Lender shall enter into an agreement in form and substance satisfactory to the Borrower Borrowers and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s 's Commitment hereunder on such date).

Appears in 6 contracts

Samples: Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

Additional Commitment Lenders. The Borrower Borrowers shall have the right on or before the Existing Termination Date Annual Anniversary to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) with the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Each Additional Commitment Lender shall enter into an agreement in form and substance satisfactory to the Borrower Borrowers and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date).

Appears in 4 contracts

Samples: Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

Additional Commitment Lenders. The Borrower Company shall have the right on or before the Existing Commitment Termination Date to replace each Non-Extending Lender with, and add as "Lenders" under this Agreement in place thereof, one or more Eligible Assignees financial institutions (each, an "Additional Commitment Lender") with the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Each , each of which Additional Commitment Lender Lenders shall enter have entered into an agreement in form and substance satisfactory to the Borrower Company and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Commitment Termination Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s 's Commitment hereunder on such date).

Appears in 1 contract

Samples: International Paper Co /New/

Additional Commitment Lenders. The Borrower Whirlpool shall have the right on or before the Existing Termination Anniversary Date to replace each Non-Extending Non‑Extending Lender with, and add as “Lenders” under this Credit Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) with the approval of the Administrative Agent and the Issuing Banks (which approval approvals shall not be unreasonably withheld). Each , each of which Additional Commitment Lender Lenders shall enter have entered into an agreement in form and substance satisfactory to the Borrower Whirlpool and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination Anniversary Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date).

Appears in 1 contract

Samples: Assignment Agreement (Whirlpool Corp /De/)

Additional Commitment Lenders. The Borrower shall have the right on or before the Existing Termination Extension Date to replace each Non-Extending Non‑Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) with the approval of the Administrative Agent Agent, each L/C Issuer and the Swing Line Bank (which approval approvals shall not be unreasonably withheld). Each , each of which Additional Commitment Lender Lenders shall enter have entered into an agreement in form and substance satisfactory to the Borrower and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination Extension Date, undertake all or a portion of the Commitment of such Non-Extending Lender (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date).

Appears in 1 contract

Samples: Five Year Credit Agreement (Integrys Energy Group, Inc.)

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Additional Commitment Lenders. The Borrower shall have the right on or before the Existing Commitment Termination Date to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) with the approval of the Administrative Agent and the Fronting Bank (which approval approvals shall not be unreasonably withheld). Each , each of which Additional Commitment Lender Lenders shall enter have entered into an agreement in form and substance satisfactory to the Borrower and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Commitment Termination Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date).

Appears in 1 contract

Samples: Credit Agreement (Hanover Insurance Group, Inc.)

Additional Commitment Lenders. The Borrower Company shall have the right on or before the Existing Termination Date Extension Deadline to replace each Non-Extending Lender with, and add as “Revolving Credit Lenders” under this Agreement in place thereof, one or more Eligible Assignees replacement lenders (each, an “Additional Commitment Lender”) with the approval of the Administrative Agent and the L/C Issuer (which approval approvals shall not be unreasonably withheld). Each , each of which Additional Commitment Lender Lenders shall enter have entered into an agreement in form and substance satisfactory to the Borrower Company and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination DateExtension Deadline, undertake a Commitment (and, if any such Additional Commitment Lender is already a Revolving Credit Lender, its Commitment shall be in addition to such Revolving Credit Lender’s Commitment hereunder on such date).

Appears in 1 contract

Samples: Credit Agreement (Donaldson Co Inc)

Additional Commitment Lenders. The Borrower ODEC shall have the right on or before the Existing Termination Maturity Date to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees banks or other financial institutions (each, an “Additional Commitment Lender”) with the approval of the Administrative Agent and the Issuing Lenders (which approval approvals shall not be unreasonably withheld). Each , each of which Additional Commitment Lender Lenders shall enter have entered into an agreement in form and substance satisfactory to the Borrower ODEC and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination Maturity Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date).

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Electric Cooperative)

Additional Commitment Lenders. The Borrower Company shall have the right on or before the Existing Revolving Loan Termination Date to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees Purchasers (each, an “Additional Commitment Lender”) with the approval of the Administrative Agent and the Issuing Bank(s) (which approval approvals shall not be unreasonably withheld). Each , each of which Additional Commitment Lender Lenders shall enter have entered into an agreement in form and substance satisfactory to the Borrower Company and the Administrative Agent pursuant to which such Additional Commitment Lender shall, effective as of the Existing Termination applicable Anniversary Date, undertake a Revolving Loan Commitment (and, if any such Additional Commitment Lender is already a Lender, its Revolving Loan Commitment shall be in addition to such Lender’s Revolving Loan Commitment hereunder on such date).

Appears in 1 contract

Samples: Credit Agreement (Woodward, Inc.)

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