Common use of Provisions Related to Extended Revolving Credit Commitments Clause in Contracts

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Date in respect of any Class of Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes of Commitments in respect of which the L/C Facility Maturity Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Commitments in respect of such non-terminating Classes up to an aggregate amount not to exceed the aggregate amount of the unutilized Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7. Upon the maturity date of any Class of Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person.

Appears in 4 contracts

Samples: Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.)

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Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Date in respect of any Class of Revolving Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes of Revolving Commitments in respect of which the L/C Facility Maturity Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Revolving Commitments in respect of such non-terminating Classes up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.73.8. Upon the maturity date of any Class of Revolving Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower RepresentativeBorrower, without the consent of any other Person.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.), Credit Agreement (Blue Coat, Inc.), Intercreditor Agreement (Aveanna Healthcare Holdings, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has shall, to the extent such Letters of Credit could have been obtained shall issued under such other tranches, automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 2.03(c) and 3.4(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to the immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7. Upon the maturity date of any Class of Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person2.03(g).

Appears in 3 contracts

Samples: Credit Agreement (Signify Health, Inc.), Credit Agreement (Signify Health, Inc.), Assignment and Assumption (Signify Health, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Date expiration date for Letters of Credit in respect of any Class of Revolving Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which Issuing Bank that issued such Letter of Credit, if one or more other Classes of Revolving Commitments in respect of which the L/C Facility Maturity Date expiration date for Letters of Credit shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Sections 3.3 Section 2.4(d) and 3.4(e)) under (and ratably participated in by Lenders pursuant to) the Revolving Commitments in respect of such non-terminating Classes up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7an amount equal to the Minimum Collateral Amount. Upon the maturity date of any Class of Revolving Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer Issuing Banks and the Borrower RepresentativeBorrower, without the consent of any other Person.

Appears in 2 contracts

Samples: First Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC), Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) then, if consented to by the Letter of Credit Issuer which issued such Letter of Creditapplicable L/C Issuer, (i) if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has shall, to the extent such Letters of Credit could have been obtained shall issued under such other tranches, automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4Section 2.03(c)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to the immediately preceding clause (i), the Borrowers Lead Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.72.03(g). Upon Commencing with the maturity date of any Class tranche of Revolving Credit Commitments, the sublimit for Letters of Credit may shall be reduced as agreed between solely with the Letter of Credit Issuer and the Borrower Representative, without the consent of any other PersonL/C Issuer.

Appears in 1 contract

Samples: First Lien Credit Agreement (ONESPAWORLD HOLDINGS LTD)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the applicable Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.73.8. Upon the maturity date of any Class of Revolving Credit Commitments, the sublimit for Letters of Credit may be reduced as agreed between the applicable Letter of Credit Issuer and the Borrower RepresentativeBorrower, without the consent of any other Person.

Appears in 1 contract

Samples: Credit Agreement (Altus Power, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has shall, to the extent such Letters of Credit could have been obtained shall issued under such other tranches in accordance with the terms of this Agreement at such time, automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 2.03(c) and 3.4(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes non‑terminating tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to the immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.72.03(g). Upon Commencing with the maturity date of any Class tranche of Revolving Credit Commitments, the sublimit for Letters of Credit may shall be reduced as agreed between solely with the Letter of Credit Issuer and the Borrower Representative, without the consent of any other PersonL/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Jason Industries, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the applicable Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.73.8. Upon the maturity date of any Class tranche of Revolving Credit Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person.#89847286v15

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Date in respect of any Class of Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes of Commitments in respect of which the L/C Facility Maturity Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to 4125-0188-8327.12 have been issued (including for purposes of the obligations of the Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Commitments in respect of such non-terminating Classes up to an aggregate amount not to exceed the aggregate amount of the unutilized Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7. Upon the maturity date of any Class of Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person.

Appears in 1 contract

Samples: Credit Agreement (Canada Goose Holdings Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the applicable Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7. Upon the maturity date of any Class of Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person.#8983238089847286v115 -176-

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Date in respect of any Class of Revolving Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes of Revolving Commitments in respect of which the L/C Facility Maturity Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Revolving Commitments in respect of such non-terminating Classes up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.73.8. Upon the maturity date of any Class of Revolving Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower RepresentativeBorrower, without the consent of any other Person.. 171 LEGAL_US_E # 167910103.1167910103.8 SECTION 4 Fees and Commitment Reductions

Appears in 1 contract

Samples: First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit L/C Issuer which issued such Letter of CreditCredit and the Administrative Agent, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the applicable Revolving Credit Lenders to purchase participations therein and to make applicable Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 Section 2.03(c) and 3.4(d)) under (and ratably participated in by applicable Lenders pursuant to) the applicable Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate principal amount of the applicable unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7. Upon the maturity date of any Class of Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person2.03(g).

Appears in 1 contract

Samples: Credit Agreement (Vivint Smart Home, Inc.)

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Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Date maturity date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date expiration of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one (1) or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Date maturity date shall not have so occurred are then in effect, (x) the outstanding Revolving Loans shall be repaid pursuant to Section 2 .7(g) Section 2.7(f) on such maturity date to the extent and in an amount sufficient to permit the reallocation of the Letter of Credit Usage relating to the outstanding Letters of Credit contemplated by clause (y) below and (y) such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4Section 2.3(d)) under (and ratably participated in by Revolving Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder in respect of such non-terminating tranches at such time (it being understood that (1) the participations therein of Revolving Lenders under the maturing tranche shall be correspondingly released and (2) no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7. Upon the maturity date of any Class of Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person.and

Appears in 1 contract

Samples: Loan Agreement

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Date maturity date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date expiration of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Date maturity date shall not have so occurred are then in effect, such Letters Letter of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Sections 3.3 Section 2.8(d) and 3.4(e)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized Commitments thereunder Line Cap at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to the immediately preceding clause (i), the Borrowers shall Cash Collateralize cash collateralize any such Letter of Credit in accordance with Section 3.72.8(k). Upon For the maturity date avoidance of any Class of Commitmentsdoubt, the sublimit for Letters of Credit may under any tranche of Revolving Credit Commitments that has not so then matured shall be reduced as agreed between in the Letter of relevant Extension Amendment with such Revolving Credit Issuer and the Borrower Representative, without the consent of any other PersonLenders.

Appears in 1 contract

Samples: Abl Credit Agreement (GNC Holdings, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has shall, to the extent such Letters of Credit could have been obtained shall issued under such other tranches, automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 2.03(c) and 3.4(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-non- terminating Classes tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to the immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7. Upon the maturity date of any Class of Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person2.03(g).

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has shall, to the extent such Letters of Credit could have been obtained shall issued under such other tranches, automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 2.03(c) and 3.4(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to the immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.7. Upon the maturity date of any Class of Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower Representative, without the consent of any other Person2.03(g).

Appears in 1 contract

Samples: Credit Agreement (Signify Health, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount BrightView Holdings, Inc. has requested confidential treatment of this registration statement and associated correspondence pursuant to Rule 83 of the Securities and Exchange Commission. of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.73.8. Upon the maturity date of any Class tranche of Revolving Credit Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the Borrower RepresentativeBorrower, without the consent of any other Person.

Appears in 1 contract

Samples: Lien Credit Agreement (BrightView Holdings, Inc.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Date in respect of any Class tranche of Revolving Credit Commitments occurs prior to the expiry date expiration of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such Letter of Credit, if one or more other Classes tranches of Revolving Credit 90 Commitments in respect of which the L/C Facility Maturity Date shall not have so occurred are then in effecteffect and such Letter of Credit would otherwise be available under such tranche of Revolving Credit Commitments, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Sections 3.3 Section 2.7(d) and 3.4(e)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes maturingnon‑maturing tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers applicable Revolver Borrower shall Cash Collateralize cash collateralize any such Letter of Credit in accordance with Section 3.72.7(j). Upon For the maturity date avoidance of doubt, commencing with the Maturity Date of any Class tranche of Revolving Credit Commitments, the sublimit for Letters of Credit may under any tranche of Revolving Credit Commitments that has not so then matured shall be reduced as agreed between in the Letter of relevant Permitted Amendment with the applicable Revolving Credit Issuer and the Borrower Representative, without the consent of any other PersonLenders.

Appears in 1 contract

Samples: Credit Agreement (Herbalife Ltd.)

Provisions Related to Extended Revolving Credit Commitments. If the L/C Facility Maturity Letter of Credit Expiration Date in respect of any tranche or Class of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Letter of Credit L/C Issuer which issued such Letter of Credit, if one or more other tranches or Classes of Revolving Credit Commitments in respect of which the L/C Facility Maturity Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 Section 2.03(c) and 3.4(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating tranches or Classes up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers Parent Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 3.72.03(g). Upon Commencing with the maturity date of any tranche or Class of Revolving Credit Commitments, the sublimit for Letters of Credit may shall be reduced as agreed between solely with the Letter of Credit Issuer and the Borrower Representative, without the consent of any other PersonL/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Change Healthcare Holdings, Inc.)

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