Replacement Revolving Commitments Sample Clauses
Replacement Revolving Commitments. (a) The Borrower may at any time and from time to time, with the consent of the Administrative Agent (not to be unreasonably withheld or delayed), request the establishment of one or more additional Classes of Revolving Commitments (“Replacement Revolving Commitments”) to replace all or a portion of any existing Classes of Revolving Commitments under this Agreement (“Replaced Revolving Commitments”); provided that:
(i) substantially concurrently with the effectiveness of the Replacement Revolving Commitments, all or an equivalent portion of the Revolving Commitments in effect immediately prior to such effectiveness shall be terminated, and all or an equivalent portion of the Revolving Loans and Swingline Loans then outstanding, together with all interest thereon, and all other amounts accrued for the benefit of the Revolving Lenders, shall be repaid or paid (it being understood, however, than any Letters of Credit issued and outstanding under the Replaced Revolving Commitments shall be deemed to have been issued under the Replacement Revolving Commitments if the amount of such Letters of Credit would exceed the remaining amount of commitments under the Replaced Revolving Commitments after giving effect to the reduction contemplated hereby);
(ii) such Replacement Revolving Commitments shall be in an aggregate amount not greater than the aggregate amount of Replaced Revolving Commitments to be replaced plus any accrued interest, fees, costs and expenses related thereto (including any upfront fees);
(iii) the final maturity date of such Replacement Revolving Commitments shall be later than the maturity date of the Replaced Revolving Commitments;
(iv) the L/C Sublimit and the Swingline Sublimit under such Replacement Revolving Commitments shall be as agreed between the Borrower, the Lenders providing such Replacement Revolving Commitments, the Administrative Agent, the L/C Issuer (or any replacement L/C Issuer) and the Swingline Lender (or any replacement Swingline Lender); provided that in no event may the Swingline Sublimit of any Swingline Lender or the L/C Sublimit of any L/C Issuer be increased without its consent;
(A) the pricing, rate floors, discounts, fees and optional prepayment or redemption provisions applicable to such Replacement Revolving Commitments shall be as agreed between the Borrower and the Replacement Revolving Lenders so long as, in the case of any optional prepayment or redemption provisions, such Replacement Revolving Lenders do not p...
Replacement Revolving Commitments. (i) As of the Third Amendment Closing Date, (A) the Replacement Revolving Credit Commitments shall be “Commitments”, “Initial Revolving Credit Commitments” and “Revolving Credit Commitments”, and (B) the Revolving Loans to be made under the Replacement Revolving Credit Commitments shall be “Loans”, “Initial Revolving Loans” and “Revolving Loans”, in each case under, and for all purposes of, the Credit Agreement and the other Loan Documents. The Replacement Revolving Credit Commitments (and the Revolving Loans and the other extensions of credit made thereunder) shall have the same terms as the Existing Revolving Credit Commitments (and the Revolving Loans and the other extensions of credit made thereunder) outstanding immediately prior to the Third Amendment Closing Date, other than to the extent expressly provided in this Agreement. Upon the Third Amendment Closing Date, the Replacement Revolving Credit Commitments shall be treated as part of the same Class for all purposes of the Credit Agreement and the other Loan Documents.
(ii) Notwithstanding anything herein or in the Credit Agreement to the contrary, the aggregate amount of the Replacement Revolving Credit Commitments shall not exceed the aggregate amount of the Existing Revolving Credit Commitments outstanding immediately prior to the Third Amendment Closing Date (except as a result of the effectiveness of the Revolving Commitment Increase pursuant to Section 4 hereof).
Replacement Revolving Commitments. The Replacement Revolving Commitments, the Revolving Loans made thereunder, the Replacement L/C Commitments and the L/C Obligations thereunder shall be subject to the following terms and conditions, as applicable:
Replacement Revolving Commitments. (i) Subject to the terms and conditions set forth herein, each Replacement Revolving Lender agrees to provide the Replacement Revolving Commitments to the Company on the Amendment Effective Date in a principal amount not to exceed its Replacement Revolving Commitment as set forth opposite its name under the heading “Replacement Revolving Commitment” on Schedule III hereto.
(ii) Commencing on the Amendment Effective Date, for all purposes under the Amended Credit Agreement and the other Loan Documents, (i) the Replacement Revolving Commitments shall be “Revolving Commitments” and (ii) each Replacement Revolving Lender shall be a “Revolving Lender” with outstanding “Revolving Commitments” under the Amended Credit Agreement.
Replacement Revolving Commitments
Replacement Revolving Commitments