Common use of Affected Lenders Clause in Contracts

Affected Lenders. If the Borrowers are obligated to pay to any Lender any amount under this SECTION 15.23, the Borrowers may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 2 contracts

Samples: Loan and Security Agreement (American Tire Distributors Inc), Loan and Security Agreement (Heafner Tire Group Inc)

AutoNDA by SimpleDocs

Affected Lenders. If the Borrowers are Borrower is obligated to pay to any Lender any amount under this SECTION 15.23Sections 4.9 or 4.10 hereof or if any Lender is a Defaulting Lender, the Borrowers Borrower may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 2 contracts

Samples: Credit Agreement (Riverside Group Inc/Fl), Credit Agreement (Wickes Lumber Co /De/)

Affected Lenders. If the Borrowers are obligated to pay to any Lender any amount under SECTION 5.14 or this SECTION 15.235.15, the Borrowers may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Russell Corp)

Affected Lenders. If the Borrowers are obligated to pay to any Lender any amount under Section 4.15 or this SECTION 15.23Section 4.16, the Borrowers may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 1 contract

Samples: Credit and Security Agreement (Mastec Inc)

Affected Lenders. If the Borrowers are Borrower is obligated to pay to any Lender any amount under this SECTION 15.23Sections 3.17. or 3.21., the Borrowers Borrower may, if (i) no Default or Event of Default then existsexists and (ii) Requisite Lenders have not made a claim for indemnification under such Section(s), replace such Lender with another lender acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Shaw Industries Inc)

Affected Lenders. If the Borrowers are Borrower is obligated to pay to any Lender any amount under this SECTION 15.23Sections 4.8 or 4.9 hereof or if any Lender is a Defaulting Lender, the Borrowers Borrower may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Wickes Inc)

AutoNDA by SimpleDocs

Affected Lenders. If the Borrowers are Borrower is obligated to pay to any Lender any amount under this SECTION 15.23Sections 5.8 or 5.9 hereof or if any Lender is a Defaulting Lender, the Borrowers Borrower may, if no Default or Event of Default then exists, replace such Lender with another lender acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Wickes Inc)

Affected Lenders. If the Borrowers are Borrower is obligated to pay to any Lender any amount under this SECTION 15.23Sections 3.16. or 3.20., the Borrowers Borrower may, if (i) no Default or Event of Default then existsexists and (ii) Requisite Lenders have not made a claim for indemnification under such Section(s), replace such Lender with another lender acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Shaw Industries Inc)

Affected Lenders. If the Borrowers are Borrower is obligated to pay to any Lender any amount under this SECTION 15.23Sections 3.8 or 5.9 hereof in excess of any 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 or lenders reasonably acceptable to the Administrative Agent, and such Lender hereby agrees to be so replaced subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Di Giorgio Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.