Common use of Affected Lenders Clause in Contracts

Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 or 5.1, and the Requisite Lenders are not also doing the same, (b) the obligation of any Lender to make LIBOR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Loans shall be suspended pursuant to Section 5.1(c) or 5.3 but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 or (c) a Lender is a Defaulting Lender or a Non-Consenting Lender, then, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the Affected Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 or Section 5.1 and rights to indemnification under Section 13.9) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Appears in 2 contracts

Samples: Term Loan Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust)

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Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 3.10. or 5.1., and the Requisite Lenders are not also doing the same, same or (b) the obligation of any Lender to make LIBOR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Loans shall be suspended pursuant to Section 5.1(c5.1.(c) or 5.3 5.3. but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 5.7., or (c) a Lender is a Defaulting Lender or a Non-Consenting Lender, thenthen the Borrower may, at its sole expense and effort, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the Affected such Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 or Section 5.1 and rights to indemnification under Section 13.9) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:Section

Appears in 2 contracts

Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)

Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 3.10. or 5.1., and the Requisite Lenders are not also doing the same, same or (b) the obligation of any Lender to make LIBOR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Loans shall be suspended pursuant to Section 5.1(c5.1.(c) or 5.3 5.3. but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 5.7., or (c) a Lender is a Defaulting 77 Lender or a Non-Consenting Lender, thenthen the Borrower may, at its sole expense and effort, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the Affected such Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b13.5.(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 3.10. or Section 5.1 5.1. and rights to indemnification under Section 13.9.) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Appears in 2 contracts

Samples: Credit Agreement (NetSTREIT Corp.), Credit Agreement (NetSTREIT Corp.)

Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 3.10. or 5.1., and the Requisite Lenders are not also doing the same, same or (b) the obligation of any Lender to make LIBOR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Loans shall be suspended pursuant to Section 5.1(c5.1.(c) or 5.3 5.3. but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 5.7., or (c) a Lender is a Defaulting Lender or a Non-Consenting Lender, thenthen the Borrower may, at its sole expense and effort, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the Affected such Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b13.5.(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 3.10. or Section 5.1 5.1. and rights to indemnification under Section 13.9.) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Appears in 2 contracts

Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)

Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 3.10. or 5.1., and the Requisite Lenders are not also doing the same, same or (b) the obligation of any Lender to make LIBOR SOFR Loans of any Type or to Continue, or to Convert Base Rate Loans into, LIBOR SOFR Loans shall be suspended pursuant to Section 5.1(c5.1.(c) or 5.3 5.3. but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 5.7., or (c) a Lender is a Defaulting Lender or a Non-Consenting Lender, thenthen the Borrower may, at its sole expense and effort, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the Affected such Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b13.5.(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 3.10. or Section 5.1 5.1. and rights to indemnification under Section 13.9.) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Appears in 2 contracts

Samples: Term Loan Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)

Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 3.10. or 5.1., and the Requisite Lenders are not also doing the same, same or (b) the obligation of any Lender to make LIBOR SOFR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR SOFR Loans shall be suspended pursuant to Section 5.1(c5.1.(c) or 5.3 5.2.(b) but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 5.7., or (c) a Lender is a Defaulting Lender or a Non-Consenting Lender, thenthen the Borrower may, at its sole expense and effort, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the such Affected Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b13.5.(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 3.10. or Section 5.1 5.1. and rights to indemnification under Section 13.9.) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Appears in 1 contract

Samples: Credit Agreement (Four Springs Capital Trust)

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Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 3.10. or 5.1., and the Requisite Lenders are not also doing the same, same or (b) the obligation of any Lender to make LIBOR LIBORTerm SOFR Loans or Daily SOFR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR LIBORTerm SOFR Loans or Daily SOFR Loans shall be suspended pursuant to Section 5.1(c5.1.(c) or 5.3 5.35.2.(b) but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 5.7., or (c) a Lender is a Defaulting Lender or a Non-Consenting Lender, thenthen the Borrower may, at its sole expense and effort, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the such Affected Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b13.5.(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 3.10. or Section 5.1 5.1. and rights to indemnification under Section 13.9.) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Appears in 1 contract

Samples: Credit Agreement (NETSTREIT Corp.)

Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 3.10. or 5.1., and the Requisite Lenders are not also doing the same, same or (b) the obligation of any Lender to make LIBOR Term SOFR Loans or Daily SOFR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Term SOFR Loans or Daily SOFR Loans shall be suspended pursuant to Section 5.1(c5.1.(c) or 5.3 5.2.(b) but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 5.7., or (c) a Lender is a Defaulting Lender or a Non-Consenting Lender, thenthen the Borrower may, at its sole expense and effort, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the such Affected Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b13.5.(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 3.10. or Section 5.1 5.1. and rights to indemnification under Section 13.9.) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Appears in 1 contract

Samples: Credit Agreement (NETSTREIT Corp.)

Affected Lenders. If (a) a Lender requests compensation pursuant to Section 3.10 3.10. or 5.1., and the Requisite Lenders are not also doing the same, same or (b) the obligation of any Lender to make LIBOR Term SOFR Loans or Daily SOFR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Term SOFR Loans or Daily SOFR Loans shall be suspended pursuant to Section 5.1(c5.1.(c) or 5.3 5.2.(b) but the obligation of the Requisite Lenders shall not have been suspended under such Sections, and in the case of clause (a) or (b) such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.7 5.7., or (c) a LEGAL 4867-4266-3982v.3 Lender is a Defaulting Lender or a Non-Consenting Lender, thenthen the Borrower may, at its sole expense and effort, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected Lender”), and upon such demand the such Affected Lender shall promptly, assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 13.5(b13.5.(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.10 3.10. or Section 5.1 5.1. and rights to indemnification under Section 13.9.) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

Appears in 1 contract

Samples: Credit Agreement (NETSTREIT Corp.)

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