{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-administrative-agent", "type": "definition", "offset": [43, 67]}, {"key": "additional-costs", "type": "clause", "offset": [85, 101]}, {"key": "the-borrower", "type": "definition", "offset": [137, 149]}, {"key": "payment-for-taxes", "type": "clause", "offset": [158, 175]}, {"key": "in-respect-of", "type": "definition", "offset": [219, 232]}, {"key": "mexican-taxes", "type": "definition", "offset": [233, 246]}, {"key": "default-exists", "type": "clause", "offset": [415, 429]}, {"key": "the-revolving-commitment", "type": "clause", "offset": [468, 492]}, {"key": "terminated-lender", "type": "definition", "offset": [556, 573]}, {"key": "the-advances", "type": "clause", "offset": [586, 598]}, {"key": "at-any-time", "type": "clause", "offset": [614, 625]}, {"key": "notice-to-the", "type": "clause", "offset": [664, 677]}, {"key": "in-order-to", "type": "clause", "offset": [788, 799]}, {"key": "termination-of-the", "type": "clause", "offset": [811, 829]}, {"key": "commitment-of-the", "type": "clause", "offset": [840, 857]}, {"key": "repayment-of", "type": "clause", "offset": [884, 896]}, {"key": "the-company-shall", "type": "clause", "offset": [932, 949]}, {"key": "an-agreement", "type": "clause", "offset": [961, 973]}, {"key": "other-lenders", "type": "clause", "offset": [991, 1004]}, {"key": "revolving-commitments", "type": "definition", "offset": [1047, 1068]}, {"key": "assignment-of-the", "type": "clause", "offset": [1083, 1100]}, {"key": "other-persons", "type": "definition", "offset": [1162, 1175]}, {"key": "the-requirements", "type": "clause", "offset": [1194, 1210]}, {"key": "eligible-assignees", "type": "clause", "offset": [1232, 1250]}, {"key": "parties-to-this-agreement", "type": "clause", "offset": [1263, 1288]}, {"key": "place-of", "type": "definition", "offset": [1292, 1300]}, {"key": "agree-to", "type": "clause", "offset": [1328, 1336]}, {"key": "aggregate-amount", "type": "definition", "offset": [1398, 1414]}, {"key": "equal-to", "type": "definition", "offset": [1426, 1434]}, {"key": "all-amounts-due", "type": "clause", "offset": [1565, 1580]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [1606, 1643]}, {"key": "the-company-must", "type": "clause", "offset": [1734, 1750]}, {"key": "by-accepting", "type": "clause", "offset": [1766, 1778]}, {"key": "an-assignment-and-acceptance", "type": "clause", "offset": [1779, 1807]}, {"key": "the-lenders", "type": "clause", "offset": [1809, 1820]}, {"key": "replacement-lenders", "type": "definition", "offset": [2034, 2053]}, {"key": "commitments-of-the", "type": "clause", "offset": [2113, 2131]}, {"key": "commitment-and-advances", "type": "clause", "offset": [2257, 2280]}, {"key": "termination-shall", "type": "clause", "offset": [2321, 2338]}, {"key": "termination-date", "type": "definition", "offset": [2424, 2440]}, {"key": "delivery-of", "type": "clause", "offset": [2821, 2832]}, {"key": "pro-rata", "type": "clause", "offset": [2957, 2965]}, {"key": "rights-and-obligations-under-this-agreement", "type": "clause", "offset": [3262, 3305]}, {"key": "without-limitation", "type": "clause", "offset": [3318, 3336]}, {"key": "participation-interest", "type": "definition", "offset": [3380, 3402]}, {"key": "in-letters-of-credit", "type": "clause", "offset": [3403, 3423]}, {"key": "unpaid-principal-amount", "type": "definition", "offset": [3483, 3506]}, {"key": "fees-accrued", "type": "clause", "offset": [3533, 3545]}, {"key": "in-all-respects", "type": "clause", "offset": [3681, 3696]}, {"key": "a-lender", "type": "definition", "offset": [3755, 3763]}, {"key": "terms-of", "type": "definition", "offset": [3780, 3788]}, {"key": "pay-to", "type": "definition", "offset": [3881, 3887]}, {"key": "assignment-fee", "type": "definition", "offset": [3917, 3931]}, {"key": "responsible-for-payment", "type": "clause", "offset": [3986, 4009]}, {"key": "breakage-fees", "type": "definition", "offset": [4017, 4030]}, {"key": "termination-and-replacement", "type": "clause", "offset": [4047, 4074]}], "samples": [{"hash": "lWJwFaWDCKT", "uri": "/contracts/lWJwFaWDCKT#lender-replacement", "label": "Credit Agreement (Global Industries LTD)", "score": 18.0, "published": true}, {"hash": "5ZGMsjvu2wv", "uri": "/contracts/5ZGMsjvu2wv#lender-replacement", "label": "Credit Agreement (Global Industries LTD)", "score": 18.0, "published": true}], "snippet": "If any Lender has notified the Company and the Administrative Agent of its incurring additional costs under Section 2.09 or has required the Borrower to make payment for taxes under Section 2.11(a) (other than payments in respect of Mexican Taxes), then the Company may, unless such Lender has notified the Company and the Administrative Agent that the circumstances giving rise to such notice no longer apply or a Default exists, terminate, in whole but not in part, the Revolving Commitment of any such Lender (other than the Administrative Agent) (the \"Terminated Lender\") and repay the Advances of such Lender at any time upon five Business Days prior written notice to the Terminated Lender and the Administrative Agent (such notice referred to herein as a \"Notice of Termination\"). In order to effect the termination of the Revolving Commitment of the Terminated Lender and the repayment of such Terminated Lender's Advances, the Company shall (i) obtain an agreement with one or more other Lenders to increase their Revolving Commitment or Revolving Commitments and accept an assignment of the Terminated Lender's Advances or (ii) request any one or more other Persons otherwise meeting the requirements of Section 9.03(a) (\"Eligible Assignees\") to become parties to this Agreement in place of such Terminated Lender and agree to accept a Revolving Commitment or Revolving Commitments in an aggregate amount or amounts equal to the Revolving Commitment held by the Terminated Lender and accept an assignment of the Terminated Lender's Advances and (iii) pay all amounts due to the Terminated Lender pursuant to the provisions of Section 2.09 and 2.11(a); provided, however, that such one or more Eligible Assignees selected by the Company must become parties by accepting an Assignment and Acceptance (the Lenders or other Eligible Assignees that agree to accept in whole or in part the Revolving Commitment of the Terminated Lender and accept an assignment of the Terminated Lender's Advances being referred to herein as the \"Replacement Lenders\"), such that the aggregate increased or accepted Revolving Commitments of the Replacement Lenders and Advances assigned to the Replacement Lenders under clauses (i) and (ii) above equal to the Revolving Commitment and Advances of the Terminated Lender. The Notice of Termination shall include the name of the Terminated Lender, the date the termination will occur (the \"Termination Date\"), and the Replacement Lender or Replacement Lenders to which the Terminated Lender will assign its Revolving Commitment and Advances and, if there will be more than one Replacement Lender, the portion of the Terminated Lender's Revolving Commitment and Advances to be assigned to each Replacement Lender. On the Termination Date, (i) the Terminated Lender shall by execution and delivery of an Assignment and Acceptance assign its Revolving Commitment and Advances to the Replacement Lender or Replacement Lenders (pro rata, if there is more than one Replacement Lender, in proportion to the portion of the Terminated Lender's Revolving Commitment and Advances to be assigned to each Replacement Lender) indicated in the Notice of Termination and shall assign to the Replacement Lender or Replacement Lenders all of its rights and obligations under this Agreement, including, without limitation, each of its Advances then outstanding and participation interest in Letters of Credit (if any) then outstanding pro rata at a price equal to the unpaid principal amount thereon plus interest and fees accrued and unpaid to the Termination Date, and (ii) the Replacement Lender or Replacement Lenders will thereupon succeed to and be substitute in all respects for the Terminated Lender with like effect as if becoming a Lender pursuant to the terms of Section 9.03. For each assignment made under this Section 2.13 the Replacement Lender shall pay to the Administrative Agent the assignment fee provided for in Section 9.03(b). The Company shall be responsible for payment of all breakage fees associated with termination and Replacement Lenders, as set forth in Section 2.08.", "size": 9, "hash": "08ab29de4655c76d04b99393942b158e", "id": 1}, {"snippet_links": [{"key": "pursuant-to-section", "type": "definition", "offset": [36, 55]}, {"key": "additional-amount", "type": "definition", "offset": [104, 121]}, {"key": "governmental-authority", "type": "definition", "offset": [143, 165]}, {"key": "the-account", "type": "clause", "offset": [170, 181]}, {"key": "each-case", "type": "definition", "offset": [230, 239]}, {"key": "lending-office", "type": "definition", "offset": [304, 318]}, {"key": "in-accordance-with", "type": "clause", "offset": [319, 337]}, {"key": "defaulting-lender", "type": "definition", "offset": [377, 394]}, {"key": "a-non", "type": "clause", "offset": [398, 403]}, {"key": "consenting-lender", "type": "definition", "offset": [404, 421]}, {"key": "sole-expense", "type": "definition", "offset": [453, 465]}, {"key": "notice-to", "type": "definition", "offset": [483, 492]}, {"key": "the-administrative-agent", "type": "definition", "offset": [509, 533]}, {"key": "without-recourse", "type": "clause", "offset": [579, 595]}, {"key": "the-restrictions", "type": "clause", "offset": [631, 647]}, {"key": "contained-in", "type": "definition", "offset": [648, 660]}, {"key": "required-by", "type": "definition", "offset": [675, 686]}, {"key": "rights-to-payments", "type": "clause", "offset": [758, 776]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [846, 884]}, {"key": "a-lender", "type": "definition", "offset": [977, 985]}, {"key": "provided-that", "type": "clause", "offset": [1012, 1025]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1031, 1049]}, {"key": "assignment-fee", "type": "definition", "offset": [1092, 1106]}, {"key": "payment-of", "type": "clause", "offset": [1172, 1182]}, {"key": "equal-to", "type": "definition", "offset": [1193, 1201]}, {"key": "principal-of", "type": "definition", "offset": [1218, 1230]}, {"key": "participations-in-letters-of-credit", "type": "clause", "offset": [1245, 1280]}, {"key": "accrued-fees", "type": "definition", "offset": [1308, 1320]}, {"key": "payable-to", "type": "definition", "offset": [1343, 1353]}, {"key": "section-59", "type": "clause", "offset": [1431, 1442]}, {"key": "the-assignee", "type": "clause", "offset": [1449, 1461]}, {"key": "to-the-extent", "type": "clause", "offset": [1463, 1476]}, {"key": "accrued-interest-and-fees", "type": "clause", "offset": [1511, 1536]}, {"key": "in-the-case", "type": "clause", "offset": [1555, 1566]}, {"key": "resulting-from", "type": "definition", "offset": [1631, 1645]}, {"key": "claim-for-compensation", "type": "definition", "offset": [1648, 1670]}, {"key": "payments-required", "type": "definition", "offset": [1693, 1710]}, {"key": "made-pursuant-to", "type": "clause", "offset": [1717, 1733]}, {"key": "reduction-in", "type": "definition", "offset": [1781, 1793]}, {"key": "conflict-with-applicable-law", "type": "clause", "offset": [1866, 1894]}, {"key": "the-applicable", "type": "clause", "offset": [1992, 2006]}, {"key": "consented-to", "type": "definition", "offset": [2027, 2039]}, {"key": "applicable-amendment", "type": "definition", "offset": [2044, 2064]}, {"key": "waiver-or-consent", "type": "clause", "offset": [2066, 2083]}, {"key": "assignment-or-delegation", "type": "clause", "offset": [2133, 2157]}, {"key": "assignment-and-delegation", "type": "clause", "offset": [2287, 2312]}, {"key": "cease-to-apply", "type": "clause", "offset": [2313, 2327]}], "samples": [{"hash": "pDS7Nlx6aE", "uri": "/contracts/pDS7Nlx6aE#lender-replacement", "label": "Credit Agreement (Jack in the Box Inc /New/)", "score": 25.213552475, "published": true}, {"hash": "aDYPbCOkVn3", "uri": "/contracts/aDYPbCOkVn3#lender-replacement", "label": "Credit Agreement (Jack in the Box Inc /New/)", "score": 23.8528404236, "published": true}], "snippet": "If any Lender requests compensation pursuant to Section 5.10, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.11, and, in each case, such Lender has declined or is unable to designate a different Lending Office in accordance with Section 5.12(a), or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 14.10), all of its interests, rights (other than its existing rights to payments pursuant to Section 5.10 or Section 5.11) and obligations under this Agreement and the other Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:\n(i) the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section 14.10;\n(ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in Letters of Credit, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 5.9) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts);\n(iii) in the case of any such assignment resulting from a claim for compensation under Section 5.10 or payments required to be made pursuant to Section 5.11, such assignment will result in a reduction in such compensation or payments thereafter;\n(iv) such assignment does not conflict with Applicable Law; and\n(v) in the case of any assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.", "size": 7, "hash": "cab01eac5c3173470de8d9f18240f1d6", "id": 2}, {"snippet_links": [{"key": "the-parent", "type": "definition", "offset": [0, 10]}, {"key": "in-accordance-with", "type": "clause", "offset": [42, 60]}, {"key": "the-restrictions", "type": "clause", "offset": [76, 92]}, {"key": "contained-in", "type": "definition", "offset": [93, 105]}, {"key": "section-121", "type": "clause", "offset": [106, 118]}, {"key": "section-33", "type": "definition", "offset": [185, 196]}, {"key": "amounts-owing", "type": "clause", "offset": [227, 240]}, {"key": "section-31", "type": "definition", "offset": [253, 264]}, {"key": "for-its-own-account", "type": "clause", "offset": [280, 299]}, {"key": "the-account", "type": "clause", "offset": [307, 318]}, {"key": "to-pay-taxes", "type": "clause", "offset": [374, 386]}, {"key": "in-respect-of", "type": "definition", "offset": [387, 400]}, {"key": "any-advance", "type": "clause", "offset": [432, 443]}, {"key": "requested-by", "type": "definition", "offset": [444, 456]}, {"key": "the-required-lenders", "type": "clause", "offset": [463, 483]}, {"key": "the-advances", "type": "clause", "offset": [494, 506]}, {"key": "pursuant-to-the", "type": "definition", "offset": [525, 540]}, {"key": "borrowing-notice", "type": "definition", "offset": [546, 562]}, {"key": "a-non", "type": "clause", "offset": [571, 576]}, {"key": "extending-lender", "type": "clause", "offset": [577, 593]}, {"key": "protesting-lender", "type": "definition", "offset": [604, 621]}, {"key": "defaulting-lender", "type": "definition", "offset": [634, 651]}, {"key": "provided-that", "type": "clause", "offset": [653, 666]}, {"key": "applicable-law", "type": "definition", "offset": [715, 729]}, {"key": "default-shall", "type": "definition", "offset": [792, 805]}, {"key": "at-the-time", "type": "clause", "offset": [838, 849]}, {"key": "in-the-case", "type": "clause", "offset": [877, 888]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [908, 926]}, {"key": "prior-to", "type": "definition", "offset": [952, 960]}, {"key": "repayment-of-amounts", "type": "clause", "offset": [1059, 1079]}, {"key": "the-assignee", "type": "clause", "offset": [1192, 1204]}, {"key": "pay-to", "type": "definition", "offset": [1211, 1217]}, {"key": "the-lender", "type": "clause", "offset": [1218, 1228]}, {"key": "obligations-owing", "type": "clause", "offset": [1263, 1280]}, {"key": "date-of-replacement", "type": "definition", "offset": [1303, 1322]}, {"key": "notwithstanding-any-provision", "type": "clause", "offset": [1386, 1415]}, {"key": "agreement-to", "type": "definition", "offset": [1424, 1436]}, {"key": "assignment-and-assumption", "type": "definition", "offset": [1455, 1480]}, {"key": "execution-by", "type": "definition", "offset": [1558, 1570]}], "samples": [{"hash": "9WVwNRulQjK", "uri": "/contracts/9WVwNRulQjK#lender-replacement", "label": "Credit Agreement (Cameron International Corp)", "score": 24.4989738464, "published": true}, {"hash": "4n8GxA3y6XA", "uri": "/contracts/4n8GxA3y6XA#lender-replacement", "label": "Credit Agreement (Cameron International Corp)", "score": 24.1430530548, "published": true}, {"hash": "jckGDNsMCTT", "uri": "/contracts/jckGDNsMCTT#lender-replacement", "label": "Credit Agreement (Cameron International Corp)", "score": 22.4373722076, "published": true}], "snippet": "The Parent shall be permitted to replace (in accordance with and subject to the restrictions contained in Section 12.1) any Lender which (a) makes an assertion of the type described in Section 3.3 or requests reimbursement for amounts owing pursuant to Section 3.1 or 3.2 (either for its own account or for the account of any of its participants), (b) requires any Borrower to pay Taxes in respect of such Lender, (c) fails to make any Advance requested by it if the Required Lenders have made the Advances requested of them pursuant to the same Borrowing Notice, (d) is a Non-Extending Lender, (e) is a Protesting Lender or (f) is a Defaulting Lender; provided that (i) such replacement does not conflict with any applicable law, rule, regulation, or directive, (ii) no Default or Unmatured Default shall have occurred and be continuing at the time of such replacement, (iii) in the case of any replacement pursuant to clause (a), (b), or (c) hereof, prior to any such replacement, such Lender being replaced shall not have eliminated the continued need for repayment of amounts owing pursuant to Section 3.1 or 3.2, as applicable; and (iv) the Parent shall repay (or cause to be repaid) or the assignee shall pay to the Lender being replaced, the amount of the Obligations owing to such Lender on the date of replacement (including any amounts owing under Sections 3.1, 3.2 and 3.4). Notwithstanding any provision in this Agreement to the contrary, the Assignment and Assumption pursuant to which a Defaulting Lender is replaced shall be effective without execution by such Defaulting Lender.", "size": 5, "hash": "c157c2463c724e431716eefcf126861f", "id": 3}, {"snippet_links": [{"key": "the-parent", "type": "definition", "offset": [0, 10]}, {"key": "replace-with", "type": "clause", "offset": [33, 45]}, {"key": "eligible-assignee", "type": "definition", "offset": [49, 66]}, {"key": "section-33", "type": "definition", "offset": [132, 143]}, {"key": "amounts-owing", "type": "clause", "offset": [174, 187]}, {"key": "section-31", "type": "definition", "offset": [200, 211]}, {"key": "for-its-own-account", "type": "clause", "offset": [227, 246]}, {"key": "the-account", "type": "clause", "offset": [254, 265]}, {"key": "to-pay-taxes", "type": "clause", "offset": [321, 333]}, {"key": "in-respect-of", "type": "definition", "offset": [334, 347]}, {"key": "any-advance", "type": "clause", "offset": [381, 392]}, {"key": "requested-by", "type": "definition", "offset": [393, 405]}, {"key": "the-required-lenders", "type": "clause", "offset": [412, 432]}, {"key": "the-advances", "type": "clause", "offset": [443, 455]}, {"key": "pursuant-to-the", "type": "definition", "offset": [474, 489]}, {"key": "borrowing-notice", "type": "definition", "offset": [495, 511]}, {"key": "provided-that", "type": "clause", "offset": [513, 526]}, {"key": "applicable-law", "type": "definition", "offset": [575, 589]}, {"key": "default-shall", "type": "definition", "offset": [652, 665]}, {"key": "at-the-time", "type": "clause", "offset": [698, 709]}, {"key": "prior-to", "type": "definition", "offset": [737, 745]}, {"key": "repayment-of-amounts", "type": "clause", "offset": [844, 864]}, {"key": "pay-to", "type": "definition", "offset": [1005, 1011]}, {"key": "the-lender", "type": "clause", "offset": [1012, 1022]}, {"key": "obligations-owing", "type": "clause", "offset": [1057, 1074]}, {"key": "date-of-replacement", "type": "definition", "offset": [1097, 1116]}], "samples": [{"hash": "eE4ov8xvQZj", "uri": "/contracts/eE4ov8xvQZj#lender-replacement", "label": "Credit Agreement (Cooper Cameron Corp)", "score": 21.0, "published": true}], "snippet": "The Parent shall be permitted to replace with an Eligible Assignee any Lender which (a) makes an assertion of the type described in Section 3.3 or requests reimbursement for amounts owing pursuant to Section 3.1 or 3.2 (either for its own account or for the account of any of its participants), (b) requires any Borrower to pay Taxes in respect of such Lender or (c) fails to make any Advance requested by it if the Required Lenders have made the Advances requested of them pursuant to the same Borrowing Notice; provided that (a) such replacement does not conflict with any applicable law, rule, regulation, or directive, (ii) no Default or Unmatured Default shall have occurred and be continuing at the time of such replacement, (iii) prior to any such replacement, such Lender being replaced shall not have eliminated the continued need for repayment of amounts owing pursuant to Section 3.1 or 3.2, as applicable; and (iv) the Parent shall repay (or cause to be repaid) or the Eligible Assignee shall pay to the Lender being replaced, the amount of the Obligations owing to such Lender on the date of replacement (including any amounts owing under Sections 3.1, 3.2 and 3.4).", "size": 5, "hash": "97335ade25b728a8929aa71db475789c", "id": 4}, {"snippet_links": [{"key": "operation-of", "type": "clause", "offset": [60, 72]}, {"key": "with-respect-to", "type": "clause", "offset": [86, 101]}, {"key": "to-the-borrower", "type": "clause", "offset": [150, 165]}, {"key": "additional-or-increased-costs", "type": "clause", "offset": [166, 195]}, {"key": "change-of", "type": "clause", "offset": [223, 232]}, {"key": "to-pay", "type": "clause", "offset": [306, 312]}, {"key": "covered-taxes", "type": "definition", "offset": [313, 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{"key": "in-connection-with", "type": "clause", "offset": [1171, 1189]}, {"key": "in-the-case", "type": "clause", "offset": [1501, 1512]}, {"key": "a-lender", "type": "definition", "offset": [1529, 1537]}, {"key": "consent-to", "type": "definition", "offset": [1541, 1551]}, {"key": "proposed-change", "type": "clause", "offset": [1554, 1569]}, {"key": "discharge-or-termination", "type": "clause", "offset": [1579, 1603]}, {"key": "to-this-agreement", "type": "clause", "offset": [1617, 1634]}, {"key": "approved-by", "type": "definition", "offset": [1650, 1661]}, {"key": "the-required-lenders", "type": "clause", "offset": [1662, 1682]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1862, 1880]}, {"key": "the-right", "type": "clause", "offset": [1886, 1895]}, {"key": "sole-expense", "type": "definition", "offset": [1903, 1915]}, {"key": "no-event-of-default", "type": "clause", "offset": [1935, 1954]}, {"key": "after-giving", "type": "clause", "offset": [1982, 1994]}, {"key": "resulting-from", "type": "definition", "offset": [2066, 2080]}, {"key": "claim-for-compensation", "type": "definition", "offset": [2083, 2105]}, {"key": "payments-required", "type": "definition", "offset": [2128, 2145]}, {"key": "made-pursuant-to", "type": "clause", "offset": [2152, 2168]}, {"key": "reduction-in", "type": "definition", "offset": [2213, 2225]}, {"key": "replaced-lender", "type": "definition", "offset": [2511, 2526]}, {"key": "replacement-lenders", "type": "definition", "offset": [2587, 2606]}, {"key": "provided-that", "type": "clause", "offset": [2610, 2623]}, {"key": "at-the-time", "type": "clause", "offset": [2625, 2636]}, {"key": "assignment-and-assumption-agreement", "type": "definition", "offset": [2731, 2766]}, {"key": "applicable-portion", "type": "definition", "offset": [2860, 2878]}, {"key": "the-loan", "type": "clause", "offset": [2882, 2890]}, {"key": "pay-to", "type": "definition", "offset": [2929, 2935]}, {"key": "equal-to", "type": "definition", "offset": [2985, 2993]}, {"key": "principal-of", "type": "definition", "offset": [2998, 3010]}, {"key": "accrued-interest-on", "type": "definition", "offset": [3020, 3039]}, {"key": "acquired-portion", "type": "definition", "offset": [3045, 3061]}, {"key": "payable-to", "type": "definition", "offset": [3120, 3130]}, {"key": "lender-hereunder", "type": "clause", "offset": [3140, 3156]}, {"key": "assignment-and-delegation", "type": "clause", "offset": [3206, 3231]}, {"key": "cease-to-apply", "type": "clause", "offset": [3387, 3401]}, {"key": "the-execution", "type": "clause", "offset": [3412, 3425]}, {"key": "payment-of", "type": "clause", "offset": [3485, 3495]}, {"key": "applicable-amount", "type": "definition", "offset": [3500, 3517]}, {"key": "the-assignment", "type": "definition", "offset": [3580, 3594]}, {"key": "the-register", "type": "clause", "offset": [3598, 3610]}, {"key": "the-administrative-agent", "type": "definition", "offset": [3614, 3638]}, {"key": "delivery-to-the", "type": "clause", "offset": [3672, 3687]}, {"key": "by-the-borrower", "type": "clause", "offset": [3746, 3761]}, {"key": "prior-to", "type": "definition", "offset": [3974, 3982]}, {"key": "indemnification-provisions", "type": "definition", "offset": [4043, 4069]}], "samples": [{"hash": "2Q7H5pWTc9f", "uri": "/contracts/2Q7H5pWTc9f#lender-replacement", "label": "Loan Agreement (Ecopetrol S.A.)", "score": 34.2375068665, "published": true}], "snippet": "(a) (i) Upon the occurrence of any event giving rise to the operation of Section 2.09 with respect to any Lender that results in such Lender charging to the Borrower additional or increased costs, (ii) upon any adoption or change of the type described in Section 2.11, or (iii) the Borrower being required to pay Covered Taxes or additional amounts to any Lender or any Governmental Authority pursuant to Section 4.01, then such Lender shall use reasonable efforts to designate a different lending office for funding its Disbursements or booking its Loan hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to Sections 2.09 or 4.01, as the case may be, in the future, or would eliminate or reduce the effect of any adoption or change described in Section 2.11 or would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable and documented costs and expenses incurred by any Lender in connection with any such designation or assignment.\n(b) (i) Upon the occurrence of any event giving rise to the operation of Section 2.09 with respect to any Lender that results in such Lender charging to the Borrower additional or increased costs, (ii) upon any adoption or change of the type described in Section 2.11, (iii) in the case of a refusal by a Lender to consent to a proposed change, waiver, discharge or termination with respect to this Agreement which has been approved by the Required Lenders as provided in Section 11.06(b), or (iv) the Borrower being required to pay Covered Taxes or additional amounts to any Lender or any Governmental Authority pursuant to Section 4, the Borrower shall have the right at its sole expense and effort, if (A) no Event of Default then exists or would exist after giving effect to such replacement, (B) in the case of any such assignment \u200b \u200b resulting from a claim for compensation under Section 2.09 or payments required to be made pursuant to Section 4, such assignment will result in a reduction in such compensation or payments and (C) in the case of any such assignment resulting from any adoption or change of the type described in Section 2.11, such assignment would eliminate or reduce the effect of any adoption or change described in Section 2.11, to replace such Lender (the \u201cReplaced Lender\u201d) with one or more Eligible Transferees (collectively, the \u201cReplacement Lenders\u201d); provided that, at the time of any replacement pursuant to this Section 2.12, each Replacement Lender shall enter into an Assignment and Assumption Agreement pursuant to Section 11.03(b)(ii), pursuant to which the Replacement Lender shall acquire the applicable portion of the Loan due to the Replaced Lender, and shall pay to the Replaced Lender in respect thereof an amount equal to the principal of, and all accrued interest on, the acquired portion of the Loan of the Replaced Lender plus all other amounts payable to Replaced Lender hereunder. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.\n(c) Upon the execution of the respective Assignment and Assumption Agreement, the payment of any applicable amount referred to in the proviso to Section 2.12(b), recordation of the assignment on the Register by the Administrative Agent pursuant to Section 11.03(e) and delivery to the Replacement Lender(s) of the appropriate Note(s) executed by the Borrower, each Replacement Lender shall become a Lender hereunder and the Replaced Lender shall cease to constitute a Lender hereunder, but shall continue to be entitled to any amounts that have accrued and remain unpaid prior to such assignment under Section 2.09, 2.10, Section 4 and the indemnification provisions under Sections 10.07 and 11.08 of this Agreement, each of which shall survive as to such Replaced Lender.", "size": 4, "hash": "17d2d898f2c67c07880afd82b3a6c796", "id": 5}, {"snippet_links": [{"key": "the-borrower", "type": "definition", "offset": [7, 19]}, {"key": "at-any-time", "type": "clause", "offset": [25, 36]}, {"key": "written-request", "type": "definition", "offset": [41, 56]}, {"key": "lender-request", "type": "clause", "offset": [90, 104]}, {"key": "an-amendment-or-waiver", "type": "clause", "offset": [116, 138]}, {"key": "consent-of", "type": "clause", "offset": [171, 181]}, {"key": "each-lender", "type": "clause", "offset": [182, 193]}, {"key": "section-1615", "type": "clause", "offset": [206, 219]}, {"key": "a-copy-of-the", "type": "clause", "offset": [221, 234]}, {"key": "by-the-agent", "type": "clause", "offset": [278, 290]}, {"key": "lender-may", "type": "definition", "offset": [312, 322]}, {"key": "sole-discretion", "type": "definition", "offset": [331, 346]}, {"key": "notice-to-the-agent", "type": "clause", "offset": [359, 378]}, {"key": "response-notice", "type": "clause", "offset": [402, 417]}, {"key": "business-days-of", "type": "clause", "offset": [432, 448]}, {"key": "receipt-of", "type": "clause", "offset": [461, 471]}, {"key": "response-period", "type": "clause", "offset": [524, 539]}, {"key": "provide-a", "type": "definition", "offset": [615, 624]}], "samples": [{"hash": "bJJgnRknRVF", "uri": "/contracts/bJJgnRknRVF#lender-replacement", "label": "Credit Agreement (Agnico Eagle Mines LTD)", "score": 21.2299785614, "published": true}, {"hash": "e18YNpKTTGQ", "uri": "/contracts/e18YNpKTTGQ#lender-replacement", "label": "Credit Agreement (Agnico Eagle Mines LTD)", "score": 20.2347698212, "published": true}], "snippet": "19.3.1 The Borrower may, at any time, by written request to the Agent (each, a \u201cUnanimous Lender Request\u201d), request an amendment or waiver that requires the prior written consent of each Lender pursuant to Section 16.15. A copy of the Unanimous Lender Request shall be provided by the Agent to each Lender. Each Lender may, in its sole discretion, by written notice to the Agent (the \u201cUnanimous Lender Response Notice\u201d), within ten Business Days of the Agent\u2019s receipt of the Unanimous Lender Request (the \u201cUnanimous Lender Response Period\u201d), approve or decline the Unanimous Lender Request. If any Lender does not provide a Unanimous Lender Response Notice within the Unanimous Lender Response Period, such Lender shall be deemed to have declined the Unanimous Lender Request.", "size": 2, "hash": "ea08ca84e1389154fd81776bd534ccbf", "id": 6}, {"snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "amounts-owing", "type": "clause", "offset": [90, 103]}, {"key": "pursuant-to-section", "type": "definition", "offset": [104, 123]}, {"key": "defaulting-lender", "type": "definition", "offset": [147, 164]}, {"key": "replacement-bank", "type": "definition", "offset": [173, 189]}, {"key": "other-financial-institution", "type": "definition", "offset": [193, 220]}, {"key": "provided-that", "type": "clause", "offset": [222, 235]}, {"key": "applicable-law", "type": "definition", "offset": [284, 298]}, {"key": "default-shall", "type": "definition", "offset": [316, 329]}, {"key": "at-the-time", "type": "clause", "offset": [362, 373]}, {"key": "institution-shall", "type": "clause", "offset": [452, 469]}, {"key": "all-loans", "type": "clause", "offset": [488, 497]}, {"key": "other-amounts", "type": "clause", "offset": [502, 515]}, {"key": "disputed-amounts", "type": "definition", "offset": [532, 548]}, {"key": "replaced-lender", "type": "definition", "offset": [590, 605]}, {"key": "prior-to-the", "type": "clause", "offset": [606, 618]}, {"key": "date-of-replacement", "type": "definition", "offset": [619, 638]}, {"key": "eligible-assignee", "type": "definition", "offset": [692, 709]}, {"key": "in-accordance-with", "type": "clause", "offset": [779, 797]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [798, 823]}, {"key": "waiver-of", "type": "clause", "offset": [887, 896]}, {"key": "the-administrative-agent", "type": "definition", "offset": [927, 951]}, {"key": "other-lender", "type": "definition", "offset": [959, 971]}], "samples": [{"hash": "igbnnlshqbE", "uri": "/contracts/igbnnlshqbE#lender-replacement", "label": "Loan Agreement (Fifth Third Bancorp)", "score": 21.0, "published": true}, {"hash": "5Rr2ks3sUZn", "uri": "/contracts/5Rr2ks3sUZn#lender-replacement", "label": "Amendment and Restatement Agreement (Fifth Third Bancorp)", "score": 21.0, "published": true}], "snippet": "The Borrower shall be permitted to replace any Lender that (i) requests reimbursement for amounts owing pursuant to Section 10.1 or (ii) becomes a Defaulting Lender, with a replacement bank or other financial institution, provided that (A) such replacement does not conflict with any Applicable Law, (B) no Event of Default shall have occurred and be continuing at the time of such replacement, (C) the Borrower shall repay (or the replacement bank or institution shall purchase, at par) all Loans and other amounts (other than any disputed amounts), pursuant to Section 10.1 owing to such replaced Lender prior to the date of replacement, (D) the replacement bank or institution shall be an Eligible Assignee, (E) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 10.10 and (F) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender.", "size": 2, "hash": "c05307230952f75d7fc7d4fb66df69ac", "id": 7}, {"snippet_links": [{"key": "pursuant-to-section", "type": "definition", "offset": [0, 19]}, {"key": "existing-credit-agreement", "type": "clause", "offset": [35, 60]}, {"key": "the-lender", "type": "clause", "offset": [62, 72]}, {"key": "effective-immediately", "type": "definition", "offset": [98, 119]}, {"key": "prior-to-the", "type": "clause", "offset": [120, 132]}, {"key": "first-amendment-effective-date", "type": "definition", "offset": [151, 181]}, {"key": "any-non", "type": "clause", "offset": [224, 231]}, {"key": "consenting-lender", "type": "definition", "offset": [232, 249]}, {"key": "an-assignment-and-assumption", "type": "clause", "offset": [263, 291]}, {"key": "the-administrative-agent", "type": "definition", "offset": [293, 317]}, {"key": "fronting-bank", "type": "definition", "offset": [326, 339]}, {"key": "processing-and-recordation-fee", "type": "definition", "offset": [362, 392]}, {"key": "with-respect-to", "type": "clause", "offset": [480, 495]}], "samples": [{"hash": "izIRvVgz79h", "uri": "/contracts/izIRvVgz79h#lender-replacement", "label": "Term Loan Credit Agreement (NGL Energy Partners LP)", "score": 35.6009597778, "published": true}], "snippet": "Pursuant to Section 3.07(b) of the Existing Credit Agreement, the Lender Replacement shall become effective immediately prior to the occurrence of the First Amendment Effective Date (as defined below), regardless of whether any Non-Consenting Lender has executed an Assignment and Assumption. The Administrative Agent and the Fronting Bank hereby agree that the processing and recordation fee described in Section 10.07(b)(ii)(B) of the Existing Credit Agreement is hereby waived with respect to the Lender Replacement.", "size": 2, "hash": "2daad4e632e9fc83825a65252fdfe1ed", "id": 8}, {"snippet_links": [{"key": "the-borrower-hereby", "type": "clause", "offset": [0, 19]}, {"key": "the-administrative-agent", "type": "definition", "offset": [29, 53]}, {"key": "the-credit-agreement", "type": "clause", "offset": [88, 108]}, {"key": "prior-to-the", "type": "clause", "offset": [121, 133]}, {"key": "tenth-amendment-effective-date", "type": "definition", "offset": [134, 164]}, {"key": "term-loans", "type": "definition", "offset": [246, 256]}, {"key": "by-non", "type": "clause", "offset": [283, 289]}, {"key": "extending-lenders", "type": "definition", "offset": [290, 307]}, {"key": "extended-loans", "type": "definition", "offset": [314, 328]}, {"key": "pursuant-to-section", "type": "definition", "offset": [337, 356]}, {"key": "with-respect-to", "type": "clause", "offset": [444, 459]}, {"key": "effective-on-the", "type": "clause", "offset": [562, 578]}, {"key": "other-transactions", "type": "clause", "offset": [637, 655]}, {"key": "loans-to", "type": "clause", "offset": [700, 708]}, {"key": "term-loan-lenders", "type": "definition", "offset": [729, 746]}, {"key": "ratable-basis", "type": "definition", "offset": [752, 765]}, {"key": "in-accordance-with", "type": "clause", "offset": [766, 784]}, {"key": "shares-of", "type": "clause", "offset": [798, 807]}, {"key": "schedule-a", "type": "clause", "offset": [834, 844]}, {"key": "the-lenders", "type": "clause", "offset": [897, 908]}, {"key": "party-hereto", "type": "definition", "offset": [909, 921]}, {"key": "consent-to", "type": "definition", "offset": [929, 939]}, {"key": "the-assignments", "type": "clause", "offset": [948, 963]}], "samples": [{"hash": "gjaKojwhOFU", "uri": "/contracts/gjaKojwhOFU#lender-replacement", "label": "Credit Agreement (Life Time Group Holdings, Inc.)", "score": 34.3579750061, "published": true}], "snippet": "The Borrower hereby notifies the Administrative Agent and \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 who are party to the Credit Agreement immediately prior to the Tenth Amendment Effective Date and not party to this Tenth Amendment (each, a \u201cNon-Extending Lender\u201d) that hold Term Loans (all such Term Loans held by Non-Extending Lenders, \u201cNon-Extended Loans\u201d) that, pursuant to Section 3.07 of the Credit Agreement, it has elected to replace each such Non-Extending Lender with respect to such Non-Extended Loans by assignment. Each such Non-Extending Lender shall hereby be deemed to have, effective on the Tenth Amendment Effective Date contemporaneously with the other transactions described herein, assigned its Non-Extended Loans to the New Refinancing Term Loan Lenders on a ratable basis in accordance with the pro rata shares of such Lenders set forth on Schedule A hereto. The Borrower, the Administrative Agent, and the Lenders party hereto hereby consent to each of the assignments described in the preceding sentence.", "size": 1, "hash": "aba7108670435349e486d11d460ccd42", "id": 9}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [82, 97]}, {"key": "payment-due", "type": "definition", "offset": [102, 113]}, {"key": "reasonable-efforts", "type": "definition", "offset": [177, 195]}, {"key": "lending-office", "type": "definition", "offset": [221, 235]}, {"key": "for-funding", "type": "clause", "offset": [236, 247]}, {"key": "loans-hereunder", "type": "clause", "offset": [263, 278]}, {"key": "rights-and-obligations", "type": "definition", "offset": [296, 318]}, {"key": "the-judgment", "type": "clause", "offset": [387, 399]}, {"key": "amounts-payable", "type": "clause", "offset": [477, 492]}, {"key": "pursuant-to-section", "type": "definition", "offset": [493, 512]}, {"key": "the-future", "type": "clause", "offset": [524, 534]}, {"key": "replaceable-lender", "type": "definition", "offset": [839, 857]}, {"key": "the-company", "type": "clause", "offset": [861, 872]}, {"key": "another-bank", "type": "definition", "offset": [890, 902]}, {"key": "replacement-lender", "type": "clause", "offset": [907, 925]}, {"key": "existing-lender", "type": "clause", "offset": [950, 965]}, {"key": "replace-the", "type": "clause", "offset": [990, 1001]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [1021, 1051]}, {"key": "assignment-agreement", "type": "clause", "offset": [1166, 1186]}, {"key": "the-borrowers", "type": "definition", "offset": [1216, 1229]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1234, 1258]}, {"key": "transfer-to", "type": "clause", "offset": [1273, 1284]}, {"key": "credit-risk", "type": "definition", "offset": [1378, 1389]}, {"key": "the-letters-of-credit", "type": "clause", "offset": [1406, 1427]}, {"key": "in-accordance-with", "type": "clause", "offset": [1454, 1472]}, {"key": "the-provisions", "type": "clause", "offset": [1473, 1487]}], "samples": [{"hash": "4dAIzNxbreI", "uri": "/contracts/4dAIzNxbreI#lender-replacement", "label": "Credit Agreement (Platinum Entertainment Inc)", "score": 18.0, "published": true}], "snippet": "(i) If any Borrower or Guarantor is required to make any reduction or withholding with respect to any payment due any Lender under this Section 13.1, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (x) would eliminate or reduce amounts payable pursuant to Section 13.1(a) in the future and (y) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender.\n(ii) If any Borrower or Guarantor is required to make any reduction or withholding with respect to any payment due any Lender under this Section 13.1 (in any such case a \"REPLACEABLE LENDER\"), the Company may require that another bank (a \"REPLACEMENT LENDER\"), which bank may be an existing Lender, be substituted for and replace the Replaceable Lender for purposes of this Agreement. If a Replacement Lender is so substituted for the Replaceable Lender, the Replaceable Lender shall enter into an Assignment Agreement with the Replacement Lender, the Borrowers and the Administrative Agent to assign and transfer to the Replacement Lender the Replaceable Lender's Commitments, Loans and participations in the credit risk with respect to the Letters of Credit hereunder pursuant to and in accordance with the provisions and requirements of", "size": 1, "hash": "cc1b2eb683bcfcf18387253b0ec6285c", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtsZW5kZXItcmVwbGFjZW1lbnQjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["the-advances-and-the-letters-of-credit", "The Advances and the Letters of Credit"], ["the-credits", "The Credits"], ["the-advances", "The Advances"], ["miscellaneous", "Miscellaneous"], ["the-loan", "The Loan"]], "children": [["right-to-replace", "Right to Replace"], ["procedure", "Procedure"], ["replacement-allocation", "Replacement Allocation"], ["first-right-of-refusal-replacement", "First Right of Refusal; Replacement"], ["affected-lenders-assignment-and-acceptance", "Affected Lender\u2019s Assignment and Acceptance"]], "title": "Lender Replacement", "size": 52, "id": "lender-replacement", "related": [["mitigation-obligations-replacement-of-lenders", "Mitigation Obligations; Replacement of Lenders", "Mitigation Obligations; Replacement of Lenders"], ["card-replacement", "Card Replacement", "Card Replacement"], ["card-replacement-fee", "Card Replacement Fee", "Card Replacement Fee"], ["replacement-lenders", "Replacement Lenders", "Replacement Lenders"], ["mitigation-of-obligations-replacement-of-lenders", "Mitigation of Obligations Replacement of Lenders", "Mitigation of Obligations Replacement of Lenders"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00", "also_ask": ["What are the key triggers that should allow borrower-initiated lender replacement?", "Which lender consent rights are essential to negotiate in lender replacement provisions?", "What are the most common pitfalls that render lender replacement clauses unenforceable?", "How do lender replacement rights in this agreement compare to market standards?", "What drafting elements are critical to ensure smooth operational execution of lender replacement?"], "drafting_tip": "Specify the conditions for lender replacement to prevent disputes; define the replacement process to ensure clarity; require notice to all parties to maintain transparency.", "explanation": "The Lender Replacement clause allows a borrower to replace an existing lender under certain circumstances, typically when the lender fails to meet its obligations or becomes problematic for the borrower. In practice, this clause may be triggered if the lender refuses to consent to amendments, increases costs, or is subject to regulatory issues, enabling the borrower to find a new lender to take over the loan. Its core function is to provide flexibility and protection for the borrower, ensuring that the financing arrangement remains workable and that the borrower is not unduly disadvantaged by an uncooperative or impaired lender."}, "json": true, "cursor": ""}}