Common use of Affected Lenders Clause in Contracts

Affected Lenders. If any Borrower is obligated to pay to any Lender (whether in its capacity as a Lender or an Issuing Bank) or any Serving Affiliate of such Lender any amount under SECTIONS 2.8 OR 4.7, or if any Lender is a Defaulting Lender, the Borrowers may, if no Default or Event of Default then exists, replace such Lender or Serving Affiliate with another lender acceptable to the Agent, and such Lender hereby agrees to be so replaced or to cause such Serving Affiliate to be replaced, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Grant Prideco Inc)

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Affected Lenders. If any Borrower is obligated to pay to any Lender (whether in its capacity as a Lender or an Issuing Bank) or any Serving Affiliate of such Lender any amount under SECTIONS 2.8 OR 4.74.9, or if any Lender is a Defaulting Lender, the Borrowers may, if no Default or Event of Default then exists, replace such Lender or Serving Affiliate with another lender reasonably acceptable to the Agent, and such Lender hereby agrees to be so replaced or to cause such Serving Affiliate to be replaced, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

Affected Lenders. If any Borrower is obligated to pay to any Lender (whether in its capacity as a Lender or an Issuing Bank) or any Serving Affiliate of such Lender any amount under SECTIONS 2.8 OR 4.72.8, 4.9 or 4.3(C)(I)(B), or if any Lender is a Defaulting Lender, the Borrowers may, if no Default or Event of Default then exists, replace such Lender or Serving Affiliate with another lender acceptable to the Agent, and such Lender hereby agrees to be so replaced or to cause such Serving Affiliate to be replaced, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Hines Horticulture Inc)

Affected Lenders. If any Borrower is obligated to pay to any Lender (whether in its capacity as a Lender or an Issuing BankLender) or any Serving Affiliate of such Lender any amount under SECTIONS 2.8 2.7 OR 4.7, or if any Lender is a Defaulting Lender, the Borrowers Borrower may, if no Default or Event of Default then exists, replace such Lender or Serving Affiliate with another lender reasonably acceptable to the Agent, and such Lender hereby agrees to be so replaced or to cause such Serving Affiliate to be replaced, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Weider Nutrition International Inc)

Affected Lenders. If any Borrower is obligated to pay to any Lender (whether in its capacity as a Lender or an Issuing BankLender) or any Serving Affiliate of such Lender any amount under SECTIONS Sections 2.8 OR or 4.7, or if any Lender is a Defaulting Lender, the Borrowers Borrower may, if no Default or Event of Default then exists, replace such Lender or Serving Affiliate with another lender reasonably acceptable to the Agent, and such Lender hereby agrees to be so replaced or to cause such Serving Affiliate to be replaced, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Loehmanns Holdings Inc)

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Affected Lenders. If any Borrower is obligated to pay to any Lender (whether in its capacity as a Lender or an Issuing Bank) or any Serving Affiliate of such Lender any amount under SECTIONS 2.8 OR 4.7or 4.9, or if any Lender is a Defaulting Lender, the Borrowers may, if no Default or Event of Default then exists, replace such Lender or Serving Affiliate with another lender reasonably acceptable to the Agent, and such Lender hereby agrees to be so replaced or to cause such Serving Affiliate to be replaced, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

Affected Lenders. If any Borrower is obligated to pay to any Lender (whether in its capacity as a Lender or an Issuing BankLender) or any Serving Affiliate of such Lender any amount under SECTIONS Sections 2.8 OR 4.7or 4.9, or if any Lender is a Defaulting Lender, the Borrowers may, if no Default or Event of Default then exists, replace such Lender or Serving Affiliate with another lender reasonably acceptable to the Agent, and such Lender hereby agrees to be so replaced or to cause such Serving Affiliate to be replaced, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Bway Corp)

Affected Lenders. If any Borrower is obligated to pay to any Lender ---------------- (whether in its capacity as a Lender or an Issuing BankLender) or any Serving Affiliate of such Lender any amount under SECTIONS Sections 2.8 OR 4.7or 4.9, or if any Lender is a Defaulting Lender, the Borrowers may, if no Default or Event of Default then exists, replace such Lender or Serving Affiliate with another lender acceptable to the Agent, and such Lender hereby agrees to be so replaced or to cause such Serving Affiliate to be replaced, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Bway Corp)

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