Common use of Replacement of Non-Consenting Lender Clause in Contracts

Replacement of Non-Consenting Lender. If, in connection with any proposed change, waiver, amendment, consent, discharge or termination to any of the provisions of this Agreement as contemplated by this Section 9.02 requiring (i) the consent of “each Lender” or “each Lender affected thereby” or (ii) the consent of “two-thirds of the Revolving Credit Exposure and unused Commitments”, the consent of the Required Lenders shall have been obtained but the consent of one or more Lenders whose consent is required for such proposed change, waiver, amendment, consent, discharge or termination (each a “Non-Consenting Lender”) is not obtained, then (so long as no Event of Default has occurred and is continuing) the Borrower shall have the right, at its sole cost and expense, to replace each such Non-Consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.18(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge or termination.

Appears in 5 contracts

Sources: Senior Secured Revolving Credit Agreement (North Haven Private Income Fund LLC), Senior Secured Revolving Credit Agreement (North Haven Private Income Fund LLC), Senior Secured Revolving Credit Agreement (North Haven Private Income Fund a LLC)

Replacement of Non-Consenting Lender. If, in connection with any proposed change, waiver, amendment, consent, discharge or termination to any of the provisions of this Agreement as contemplated by this Section 9.02 requiring (i) the consent of “each Lender” or “each Lender affected thereby” or (ii) the consent of “two-thirds of the holders of the total Revolving Credit Exposure Exposures with respect to the applicable Borrower and unused Commitments”, the consent of Subcommitments with respect to such Borrower” that has been approved by the Required Lenders shall have been obtained but Lenders, the consent of one or more Lenders whose consent is required for such proposed change, waiver, amendment, consent, discharge or termination (each a “Non-Consenting Lender”) is not obtained, or if any Lender shall decline to consent to the addition of a “Borrower” pursuant to Section 9.19, then (so long as no Event of Default has occurred and is continuingcontinuing with respect to any Borrower) the Borrower Borrowers shall have the right, at its their sole cost and expense, to replace each such Nonnon-Consenting consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.18(b2.19(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge discharge, termination or terminationaddition.

Appears in 4 contracts

Sources: Senior Secured Revolving Credit Agreement (FS Investment Corp III), Senior Secured Revolving Credit Agreement (FS Investment Corp II), Senior Secured Revolving Credit Agreement (Corporate Capital Trust, Inc.)

Replacement of Non-Consenting Lender. If, in connection with any proposed change, waiver, amendment, waiver or consent, discharge such proposed amendment, waiver or termination to any of the provisions of this Agreement as contemplated by this Section 9.02 requiring (i) consent requires the consent of “each Lender” or “each Lender affected thereby” or (ii) ”, and the consent of the Required Lenders is obtained (provided, that if the definition of Required Lenders” provides that the threshold for consent of the Required Lenders is higher than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time, and in such case the consent of the Lenders having Revolving Credit Exposures and unused Commitments representing more than two-thirds of the sum of the total Revolving Credit Exposure Exposures and unused Commitments”Commitments at such time is obtained, then the consent of the Required Lenders shall be deemed to have been obtained for purposes of this Section 9.02(d)), but the consent of one or more other necessary Lenders is not obtained (any such Lender whose consent is required for such proposed change, waiver, amendment, consent, discharge or termination (each necessary but not obtained being referred to herein as a “Non-Consenting Lender”) is not obtained), then (so long as then, provided that no Default or Event of Default has shall have occurred and is be continuing) , the Borrower shall have the right, at its sole cost and expense, to replace each such Non-Consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.18(b2.17(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge or termination.

Appears in 3 contracts

Sources: Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp)

Replacement of Non-Consenting Lender. If, in connection with any proposed change, waiver, amendment, consent, discharge waiver or termination to any of the provisions of this Agreement as contemplated by this Section 9.02 consent requiring (i) the consent of “each Lender” or “each Lender affected thereby,” or (ii) the consent of “two-thirds of the Revolving holders of the total Credit Exposure Exposures and unused Commitments”, the consent of the Required Lenders shall have been obtained is obtained, but the consent of one or more other necessary Lenders is not obtained (any such Lender whose consent is required for such proposed change, waiver, amendment, consent, discharge or termination (each necessary but not obtained being referred to herein as a “Non-Consenting Lender”) is not obtained), then (so long as no Event of Default has occurred and is continuing) the Borrower shall have the right, at its sole cost and expense, to replace each such Non-Consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.18(b2.15(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge or termination.

Appears in 2 contracts

Sources: Senior Secured Credit Agreement (First Trust Private Credit Fund), Senior Secured Credit Agreement (First Trust Enhanced Private Credit Fund)

Replacement of Non-Consenting Lender. If, in connection with any proposed change, waiver, amendment, consent, discharge or termination to any of the provisions of this Agreement as contemplated by this Section 9.02 requiring (i) the consent of “each Lender” or “each Lender affected thereby” or (ii) the consent of “two-thirds of the Revolving Credit Exposure and unused Revolving Commitments”, the consent of the Required Lenders shall have been obtained but the consent of one or more Lenders whose consent is required for such proposed change, waiver, amendment, consent, discharge or termination (each a “Non-Consenting Lender”) is not obtained, then (so long as no Event of Default has occurred and is continuing) the Borrower shall have the right, at its sole cost and expense, to replace each such Non-Consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.18(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge or termination.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (North Haven Private Income Fund a LLC)

Replacement of Non-Consenting Lender. If, in connection with any proposed change, waiver, amendment, consent, discharge or termination to any of the provisions of this Agreement as contemplated by this Section 9.02 requiring (i) 9.02, the consent of “each Lender” or “each Lender affected thereby”, or (ii) the consent of “two-thirds of the Revolving holders of the total Credit Exposure and unused Commitments”, the consent of the Required Lenders shall have been obtained is obtained, but the consent of one or more other necessary Lenders is not obtained (any such Lender whose consent is required for such proposed change, waiver, amendment, consent, discharge or termination (each necessary but not obtained being referred to herein as a “Non-Consenting Lender”) is not obtained), then (so long as no Event of Default has occurred and is continuing) the Borrower shall have the right, at its sole cost and expense, to replace each such Nonnon-Consenting consenting Lender or Lenders with one (1) or more replacement Lenders pursuant to Section 2.18(b2.19(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge discharge, termination or terminationaddition.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Lord Abbett Private Credit Fund S)

Replacement of Non-Consenting Lender. If, in connection with any proposed change, waiver, amendment, consent, discharge waiver or termination to any of the provisions of this Agreement as contemplated by this Section 9.02 consent requiring (i) the consent of “each Lender” or “each Lender directly and adversely affected thereby” (or phrases of a similar meaning), or (ii) the consent of “two-thirds of the holders of the total Revolving Credit Exposure Exposures and unused Commitments”, the consent of the Required Lenders shall have been obtained is obtained, but the consent of one or more other necessary Lenders is not obtained (any such Lender whose consent is required for such proposed change, waiver, amendment, consent, discharge or termination (each necessary but not obtained being referred to herein as a “Non-Consenting Lender”) is not obtained), then (so long as no Event of Default has occurred and is continuing) the Borrower shall have the right, at its sole cost and expense, to replace each such Non-Consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.18(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge or termination.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Capital Southwest Corp)