Common use of Additional Lender Clause in Contracts

Additional Lender. Upon the Effective Date the Original Lenders irrevocably sell and assign to the Additional Lender (as defined below), and the Additional Lender hereby irrevocably purchases and assumes from the Original Lenders, a portion of the rights and obligations of the Original Lenders as "Lender" under this Agreement, including their interests in the outstanding "Advances" under this Agreement, as necessary in order to reflect the Commitments set out in Schedule A of this Agreement. The sales, assignments, purchases and assumptions shall be deemed to have been made, and consented to as required by the Borrower, the Agent and the Issuing Banks, on the terms of the Assignment and Assumption. For greater certainty, the assignment fee contemplated by Section 11.2 shall not apply to the assignments contemplated by this Section 1.10. For purposes of this Section 1.10, the "Additional Lenders" means Barclays Bank PLC.