Common use of Applicable Lending Installation Clause in Contracts

Applicable Lending Installation. Each Bank and the Agent may make and book its Loans at any Applicable Lending Installation(s) selected by such Bank or the Agent, as the case may be, and each Bank and the Agent may change its Applicable Lending Installation(s) from time to time. Each Bank may, by written notice to the Agent and the applicable Borrower, designate one or more Applicable Lending Installations which are to make and book Loans and for whose account Loan payments are to be made. The Agent may, by written notice to the applicable Borrower, designate one or more Applicable Lending Installations for whose accounts Loan payments are to be made and through which its functions are to be performed. All terms of this Agreement shall apply to any such Applicable Lending Installation(s) and the Notes shall be deemed held by each Bank and the Agent, as the case may be, for the benefit of such Applicable Lending Installation. Each Bank agrees to designate a different Applicable Lending Installation if such designation would avoid the need for, or reduce the amount of any compensation, which may be required to be paid by the Borrower pursuant

Appears in 1 contract

Samples: Bridge Credit Agreement (Invacare Corp)

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Applicable Lending Installation. Each Bank and the Agent may make and book its Loans at any Applicable Lending Installation(s) selected by such Bank or the Agent, as the case may be, and each Bank and the Agent may change its Applicable Lending Installation(s) from time to time. Each Bank may, by written notice to the Agent and the applicable Borrower, designate one or more Applicable Lending Installations which are to make and book Loans and for whose account Loan payments are to be made. The Agent may, by written notice to the applicable Borrower, designate one or more Applicable Lending Installations for whose accounts Loan payments are to be made and through which its functions are to be performed. All terms of this Agreement shall apply to any such Applicable Lending Installation(s) and the Notes shall be deemed held by each Bank and the Agent, as the case may be, for the benefit of such Applicable Lending Installation. Each Bank agrees to designate a different Applicable Lending Installation if such designation would avoid the need for, or reduce the amount of any compensation, which may be required to be paid by any Borrower pursuant to Section 3.4 or 3.6, provided that such designation would not, in the Borrower pursuantjudgment of such Bank, be otherwise disadvantageous to such Bank in any material manner.

Appears in 1 contract

Samples: Credit Agreement (Invacare Corp)

Applicable Lending Installation. Each Bank and the Agent may make and book its Loans and, in the case of the Agent, issue Letters of Credit, at any Applicable Lending Installation(s) selected by such Bank or the Agent, as the case may be, and each Bank and the Agent may change its Applicable Lending Installation(s) from time to time. Each Bank may, by written notice to the Agent and the applicable Borrower, designate one or more Applicable Lending Installations which are to make and book Loans and for whose account Loan payments are to be made. The Agent may, by written notice to the applicable Borrower, designate one or more Applicable Lending Installations which are to issue and book Letters of Credit and for whose accounts Loan payments and Letter of Credit reimbursements are to be made and through which its functions are to be performed. All terms of this Agreement shall apply to any such Applicable Lending Installation(s) and the Notes shall be deemed held by each Bank and the Agent, as the case may be, for the benefit of such Applicable Lending Installation. Each Bank agrees to designate a different Applicable Lending Installation if such designation would avoid the need for, or reduce the amount of any compensation, which may be required to be paid by any Borrower pursuant to Section 3.4 or 3.6, provided that such designation would not, in the Borrower pursuantjudgment of such Bank, be otherwise disadvantageous to such Bank in any material manner.

Appears in 1 contract

Samples: Credit Agreement (Invacare Corp)

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Applicable Lending Installation. Each Bank and the Agent may make and book its Loans and, in the case of the Agent, issue Letters of Credit, at any Applicable Lending Installation(s) selected by such Bank or the Agent, as the case may be, and each Bank and the Agent may change its Applicable Lending Installation(s) from time to time. Each Bank may, by written notice to the Agent and the applicable Borrower, designate one or more Applicable Lending Installations which are to make and book Loans and for whose account Loan payments are to be made. The Agent may, by written notice to the applicable Borrower, designate one or more Applicable Lending Installations which are to issue and book Letters of Credit and for whose accounts Loan payments and Letter of Credit reimbursements are to be made and through which its functions are to be performed. All terms of this Agreement shall apply to any such Applicable Lending Installation(s) and the Notes shall be deemed held by each Bank and the Agent, as the case may be, for the benefit of such Applicable Lending Installation). Each Bank agrees to designate a different Applicable Lending Installation if such designation would avoid the need for, or reduce the amount of any compensation, which may be required to be paid by any Borrower pursuant to Section 3.4 or 3.6, provided that such designation would not, in the Borrower pursuantjudgment of such Bank, be otherwise disadvantageous to such Bank in any material manner.

Appears in 1 contract

Samples: Credit Agreement (Invacare Corp)

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