Common use of Assumed Commitment Clause in Contracts

Assumed Commitment. Effective as of the date hereof, the Bank hereby [increases its existing Facility Commitment from $[ ] to $[ ]]12 [assumes a Facility Commitment equal to $[ ]]13 (the “Assumed Commitment”). [From and after the date hereof, the Bank shall be a party to and bound by the provisions of the Credit Agreement and, to the extent of the Assumed Commitment, all the rights and obligations of a Lender under the Credit Agreement.]14

Appears in 2 contracts

Sources: Five Year Credit Agreement (Dun & Bradstreet Corp/Nw), Credit Agreement (Dun & Bradstreet Corp/Nw)

Assumed Commitment. Effective as of the date hereof, the Bank hereby [increases its existing Facility Commitment from $[ ] to $[ ]]12 2 [assumes a Facility Commitment equal to $[ ]]13 3 (the “Assumed Commitment”). [From and after the date hereof, the Bank shall be a party to and bound by the provisions of the Credit Agreement and, to the extent of the Assumed Commitment, all the rights and obligations of a Lender under the Credit Agreement.]14Agreement.]4

Appears in 2 contracts

Sources: Credit Agreement (Dun & Bradstreet Corp/Nw), Credit Agreement (Dun & Bradstreet Corp/Nw)

Assumed Commitment. Effective as of the date hereof, the Bank hereby [increases its existing Facility Commitment from $[ ] to $[ ]]12 1 [assumes a Facility Commitment equal to $[ ]]13 2 (the “Assumed Commitment”). [From and after the date hereof, the Bank shall be a party to and bound by the provisions of the Credit Agreement and, to the extent of the Assumed Commitment, all the rights and obligations of a Lender under the Credit Agreement.]14Agreement.]3

Appears in 1 contract

Sources: Credit Agreement (Moodys Corp /De/)