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)
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:
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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
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
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)
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:
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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)