Common use of Reallocation of Commitments Clause in Contracts

Reallocation of Commitments. The Lenders (as defined in the Existing Credit Agreement) have agreed among themselves to reallocate the Aggregate Commitment (under, and as defined in, the Existing Credit Agreement) as contemplated by this Agreement and to adjust their interests in such Aggregate Commitment and the Loans accordingly. On the Closing Date and after giving effect to such reallocation and adjustment of such Aggregate Commitment and such Loans, the Lenders shall hold the Commitments set forth on Schedule 1.01(b). The outstanding Loans (under, and as defined in, the Existing Credit Agreement) and the funds delivered to the Administrative Agent on the Closing Date by the Lenders shall be allocated such that after giving effect to such allocation each of the Lenders shall hold the Commitments set forth on Schedule 1.01(b) and such Lenders shall own the Loans consistent with their percentage of the Commitments set forth on Schedule 1.01(b). The Borrowers shall pay any funding indemnification amounts required by Section 3.05 of the Existing Credit Agreement in the event the payment of any principal of any Eurocurrency Rate Loan (under, and as defined in, the Existing Credit Agreement) or the conversion of any Eurocurrency Rate Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.25.

Appears in 1 contract

Samples: Credit Agreement (Powell Industries Inc)

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Reallocation of Commitments. The Lenders (as defined in the Existing Credit Agreement) have agreed among themselves to reallocate the Aggregate Commitment (under, and as defined in, in the Existing Credit Agreement) as contemplated by this Agreement and to adjust their interests in such the Aggregate Commitment and the Loans (as defined in the Existing Credit Agreement) accordingly. On the Closing Date and after giving effect to such reallocation and adjustment of such Aggregate Commitment and such Loans, the Lenders shall hold the Commitments set forth on Schedule 1.01(b1.1(a). The outstanding Loans (under, and as defined in, in the Existing Credit Agreement) and the funds delivered to the Administrative Agent on the Closing Date by the Lenders shall be allocated such that after giving effect to such allocation each of the Lenders shall hold the Commitments set forth on Schedule 1.01(b1.1(a) and such Lenders shall own the Loans consistent with their percentage of the Commitments set forth on Schedule 1.01(b1.1(a). The Borrowers Borrower shall pay any funding indemnification amounts required by Section 3.05 2.17 of the Existing Credit Agreement in the event the payment of any principal of any Eurocurrency Rate Eurodollar Loan (under, and as defined in, in the Existing Credit Agreement) or the conversion of any Eurocurrency Rate Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.2513.26.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

Reallocation of Commitments. The Lenders (as defined in the Existing Credit Agreement) have agreed among themselves to reallocate the Aggregate Commitment (under, and as defined in, in the Existing Credit Agreement) as contemplated by this Agreement and to adjust their interests in such the Aggregate Commitment and the Revolving Loans (as defined in the Existing Credit Agreement) accordingly. On the Closing Date and after giving effect to such reallocation and adjustment of such Aggregate Commitment and such Loans, the Lenders shall hold the Commitments set forth on Schedule 1.01(b1.1(a). The outstanding Revolving Loans (under, and as defined in, in the Existing Credit Agreement) and the funds delivered to the Administrative Agent on the Closing Date by the Lenders shall be allocated such that after giving effect to such allocation each of the Lenders shall hold the Commitments set forth on Schedule 1.01(b1.1(a) and such Lenders shall own the Loans consistent with their percentage of the Commitments set forth on Schedule 1.01(b1.1(a). The Borrowers Borrower shall pay any funding indemnification amounts required by Section 3.05 2.16 of the Existing Credit Agreement in the event the payment of any principal of any Eurocurrency Rate Eurodollar Loan (under, and as defined in, in the Existing Credit Agreement) or the conversion of any Eurocurrency Rate Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.2513.26.

Appears in 1 contract

Samples: Credit Agreement (Concho Resources Inc)

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Reallocation of Commitments. The Lenders Banks (as defined in the Existing Credit Agreement) have agreed among themselves to reallocate the Maximum Aggregate Commitment Amount (under, and as defined in, in the Existing Credit Agreement) as contemplated by this Agreement and to adjust their interests in such the Aggregate Commitment and the Revolving Loans (as defined in the Existing Credit Agreement) accordingly. On the Closing Date and after giving effect to such reallocation and adjustment of such Aggregate Commitment and such Loans, the Lenders shall hold the Commitments set forth on Schedule 1.01(b1.1(a). The outstanding Revolving Loans (under, and as defined in, in the Existing Credit Agreement) and the funds delivered to the Administrative Agent on the Closing Date by the Lenders shall be allocated such that after giving effect to such allocation each of the Lenders shall hold the Commitments set forth on Schedule 1.01(b1.1(a) and such Lenders shall own the Loans consistent with their percentage of the Commitments set forth on Schedule 1.01(b1.1(a). The Borrowers Borrower shall pay any funding indemnification amounts required by Section 3.05 13.1 of the Existing Credit Agreement in the event the payment of any principal of any Eurocurrency Rate Eurodollar Loan (under, and as defined in, in the Existing Credit Agreement) or the conversion of any Eurocurrency Rate Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 11.25.13.26. 137

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

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