Affected Lenders. If the Borrowers are obligated to pay to any Lender any amount under Sections 4.9 or 4.10 materially in excess of any such amounts payable to the other Lenders, the Borrowers may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Agent, and such Lender hereby agrees to be so replaced subject to the following:
Appears in 3 contracts
Samples: Credit Agreement (Spinnaker Industries Inc), Credit Agreement (Lynch Corp), Credit Agreement (Spinnaker Industries Inc)
Affected Lenders. If the Borrowers are a Borrower is obligated to pay to any Lender any amount under Sections 4.9 or 4.10 materially in excess of any such amounts payable to the other Lenders, the Borrowers may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Agent, and such Lender hereby agrees to be so replaced subject to the following:
Appears in 1 contract
Samples: Credit Agreement (Safety 1st Inc)
Affected Lenders. If the Borrowers are any Borrower is obligated to pay to any Lender any amount under Sections 4.9 3.10, 4.14 or 4.10 materially in excess of 4.15 hereof or if any Lender is a Defaulting Lender, such amounts payable to the other Lenders, the Borrowers Borrower may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Agent, and such Lender hereby agrees to be so replaced subject to the following:
Appears in 1 contract
Samples: Credit Agreement (Perry-Judds Inc)