Common use of Increasing Lenders Clause in Contracts

Increasing Lenders. Each increase in the Aggregate Commitments pursuant to Section 2.12(a) may be provided by the Lenders (other than any Defaulting Lender) or any Eligible Assignees designated by the Borrower that are willing to provide such increase (together with any existing Lender participating in such increase, each, an “Increasing Lender”) and to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent (each, a “Joinder Agreement”), pursuant to which such Increasing Lender shall become a party to this Agreement. Nothing contained herein shall constitute, or otherwise be deemed to be, a commitment on the part of any existing Lender to increase its commitments hereunder. (c)

Appears in 2 contracts

Samples: Credit Agreement (Franklin Resources Inc), Credit Agreement (Franklin Resources Inc)

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Increasing Lenders. Each increase in the Aggregate Commitments pursuant to Section 2.12(a) may be provided by the Lenders (other than any Defaulting Lender) or any Eligible Assignees designated by the Borrower that are willing to provide such increase (together with any existing Lender participating in such increase, each, an “Increasing Lender”) and to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent (each, a “Joinder Agreement”), pursuant to which such Increasing Lender shall become a party to this Agreement. Nothing contained herein shall constitute, or otherwise be deemed to be, a commitment on the part of any existing Lender to increase its commitments hereunder. (c).

Appears in 1 contract

Samples: Credit Agreement (Cohen & Steers, Inc.)

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Increasing Lenders. Each increase in the Aggregate Commitments principal amount of the Term Loans pursuant to Section 2.12(a) may be provided by the Lenders (other than any Defaulting Lender) or any Eligible Assignees designated by the Borrower that are willing to provide such increase (together with any existing Lender participating in such increase, each, an “Increasing Lender”) and to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent (each, a “Joinder Agreement”), pursuant to which such Increasing Lender shall become a party to this Agreement. Nothing contained herein shall constitute, or otherwise be deemed to be, a commitment on the part of any existing Lender to increase its Term Loans or any other commitments hereunder. (c)

Appears in 1 contract

Samples: Term Loan Credit Agreement (Franklin Resources Inc)

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