Common use of Amendments to Revolving Credit Agreement Clause in Contracts

Amendments to Revolving Credit Agreement. To the extent that (i) Borrower requests an amendment, modification or waiver to Articles VIII, IX, X or XI and/or the defined terms used in such Articles (but only the instances in which such defined terms are used in such Articles), (ii) such amendment, modification or waiver has been agreed to under the Revolving Credit Agreement, and (iii) each of the Lenders hereunder is then currently a “Lender” under the Revolving Credit Agreement, then the defined term “Requisite Lenders” hereunder shall mean, for purposes of effectuating the same, corresponding amendment, modification or waiver hereunder: (A) the Lenders under and as defined in this Agreement and the Revolving Credit Agreement having greater than fifty percent (50%) of the aggregate Commitments (under and as defined in this Agreement and the Revolving Credit Agreement), or (B) if the Commitments (under and as defined in this Agreement and the Revolving Credit Agreement) have been terminated or reduced to zero, the Lenders under and as defined in this Agreement and the Revolving Credit Agreement holding greater than fifty percent (50%) of the principal amount of the aggregate outstanding Loans (under and as defined in this Agreement and the Revolving Credit Agreement); provided that, in determining such percentage at any given time, any increase in the dollar amount of Loans under the Revolving Credit Agreement pursuant to Section 2.18 of the Revolving Credit Agreement from and after the Effective Date shall only be counted in the computation of Commitments and Loans (as provided above in this Section 13.7(d)) for purposes of this Section 13.7(d) in an amount equal to the aggregate amount of such increase participated in by the Lenders under this Agreement.

Appears in 4 contracts

Samples: Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.)

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Amendments to Revolving Credit Agreement. To the extent that (i) Borrower requests an amendment, modification or waiver to Articles VIII, IX, X or XI and/or the defined terms used in such Articles (but only the instances in which such defined terms are used in such Articles), (ii) such amendment, modification or waiver has been agreed to under the Revolving Credit Agreement, and (iii) each of the Lenders hereunder is then currently a “Lender” under the Revolving Credit Agreement, then the defined term “Requisite Lenders” hereunder shall mean, for purposes of effectuating the same, corresponding amendment, modification or waiver hereunder: (A) the Lenders under and as defined in this Agreement and the Revolving Credit Agreement having greater than fifty percent (50%) of the aggregate Commitments (under and as defined in this Agreement and the Revolving Credit Agreement), or (B) if the Commitments (under and as defined in this Agreement and the Revolving Credit Agreement) have been terminated or reduced to zero, the Lenders under and as defined in this Agreement and the Revolving Credit Agreement holding greater than fifty percent (50%) of the principal amount of the aggregate outstanding Loans (under and as defined in this Agreement and the Revolving Credit Agreement); provided that, in determining such percentage at any given time, any increase in the dollar amount of Loans under the Revolving Credit Agreement pursuant to Section 2.18 of the Revolving Credit Agreement from and after the Effective Closing Date shall only be counted in the computation of Commitments and Loans (as provided above in this Section 13.7(d)) for purposes of this Section 13.7(d) in an amount equal to the aggregate amount of such increase participated in by the Lenders under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Equity One, Inc.)

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