Common use of Replacement Lenders Clause in Contracts

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 5 contracts

Samples: Credit Agreement (McMoran Exploration Co /De/), Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (McMoran Exploration Co /De/)

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Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs Additional Costs or any other loss, cost or expense under Section 5.01 hereof 2.18 or has required invoked the Borrower indemnification as to make payments for certain Taxes under set forth in Section 4.06 hereof2.8, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any such Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 3 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Lucas Energy, Inc.), Credit Agreement (Gastar Exploration LTD)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs Additional Costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 3 contracts

Samples: Subordinate Credit Agreement (Crimson Exploration Inc.), Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (Crimson Exploration Inc.)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 2 contracts

Samples: Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated LenderTERMINATED LENDER") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of TerminationNOTICE OF TERMINATION").

Appears in 2 contracts

Samples: Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any such Lender (other than the Agent) (the "Terminated LenderTERMINATED LENDER") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of TerminationNOTICE OF TERMINATION").

Appears in 2 contracts

Samples: Credit Agreement (Castle Dental Centers Inc), Credit Agreement (Castle Dental Centers Inc)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Tranche A Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Tranche B Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Revolving Credit Agreement (Rowan Companies Inc)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated LenderTERMINATED LENDER") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of TerminationNOTICE OF TERMINATION").

Appears in 1 contract

Samples: Credit Agreement (Pentacon Inc)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior 33 written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (McMoran Oil & Gas Co /De/)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (Howell Corp /De/)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Administrative Agent of its incurring additional costs Additional Costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Administrative Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Administrative Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Administrative Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (Georesources Inc)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs Additional Costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Revolving Credit Commitment of any Lender (other than the Agent) (the "Terminated LenderTERMINATED LENDER") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of TerminationNOTICE OF TERMINATION").

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

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Replacement Lenders. (a) If any Lender has notified the Borrower and the Administrative Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Administrative Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any such Lender (other than the Administrative Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Administrative Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Assignment Agreement (Louis Dreyfus Natural Gas Corp)

Replacement Lenders. (ai) If any Lender has notified the Borrower and the Agent of its incurring additional costs Additional Costs or any other loss, cost or expense under Section 5.01 hereof 2.18 or has required invoked the Borrower indemnification as to make payments for certain Taxes under set forth in Section 4.06 hereof2.8, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any such Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (Gastar Exploration LTD)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs Additional Costs or any other loss, cost or expense under Section 5.01 hereof 2.18 or has required invoked the Borrower indemnification as to make payments for certain Taxes under set forth in Section 4.06 hereof2.8, then the Borrower Borrowers may, unless such Lender has notified the Borrower and the Agent Borrowers that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any such Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the Agent)(the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (Buckeye Partners L P)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs Additional Costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior ----------------- written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").. ---------------------

Appears in 1 contract

Samples: Credit Agreement (Aroc Inc)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Revolving Credit Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (Buckeye Partners L P)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated LenderTERMINATED LENDER") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of TerminationNOTICE OF TERMINATION").

Appears in 1 contract

Samples: Credit Agreement (Howell Corp /De/)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Administrative Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Administrative Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Administrative Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Administrative Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (BRL Universal Equipment Corp)

Replacement Lenders. (a) If any Lender has notified the Borrower and the Agent of its incurring additional costs under Section 5.01 hereof or has required the Borrower to make payments for Taxes under Section 4.06 hereof4.06, then the Borrower may, unless such Lender has notified the Borrower and the Agent that the circumstances giving rise to such notice no longer apply, terminate, in whole but not in part, the Commitment of any Lender (other than the Agent) (the "Terminated Lender") at any time upon five (5) Business Days' prior written notice to the Terminated Lender and the Agent (such notice referred to herein as a "Notice of Termination").

Appears in 1 contract

Samples: Credit Agreement (Buckeye GP Holdings L.P.)

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