Common use of Substitution of Banks Clause in Contracts

Substitution of Banks. Upon the receipt by the Company from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.15, the Company may: (i) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/)

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Substitution of Banks. Upon the receipt by the Company Borrowers from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 3.1 or ------------- ----------- 3.3, or any determination of illegality under Section 4.153.2, the Company Borrowers may: (i) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrowers to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 2 contracts

Samples: Assignment and Acceptance Agreement (Nuveen John Company), Credit Agreement (Nuveen John Company)

Substitution of Banks. Upon the receipt by the Company Borrowers from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 2.13 or ------------- ----------- Section 4.152.15, the Company Borrowers may: (i) request the Affected Bank to use its best ------------ reasonable efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrowers to acquire and assume all or a ratable part of all of such Affected Bank's ’s Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or any part of such Affected Bank's ’s Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld).

Appears in 2 contracts

Samples: Credit Agreement (Blackrock Fundamental Growth Fund, Inc.), Credit Agreement (Blackrock Funds)

Substitution of Banks. Upon the receipt by the Company either Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 4.1, 4.2 or ------------- ----------- Section 4.154.3, the Company may: (i) request the Affected Bank to use cooperate with the Company in its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) ---------------- request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld).

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Applied Power Inc), Multicurrency Credit Agreement (Applied Power Inc)

Substitution of Banks. Upon the receipt by the Company Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 4.1, 4.2 or ------------- ----------- Section 4.154.3, the Company Borrower may: (i) request the Affected Bank to use cooperate with the Borrower in its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrower to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Apw LTD)

Substitution of Banks. Upon the receipt by the Company from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or Sections 4.01 and ------------- ----------- Section 4.154.03, the Company may: (i) request the Affected Bank to use its best ------------ commercially reasonable efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) ---------------- request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Pledge Agreement (Cb Richard Ellis Services Inc)

Substitution of Banks. Upon the receipt by the Company Co-Borrowers from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.154.04, the Company Co-Borrowers may: (ia) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Co-Borrowers to acquire and assume all or a ratable part of all of such Affected Bank's ’s Loans and Commitment Line Portion (a "Replacement Bank"); or (iib) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's ’s Loans and CommitmentLine Portion; or (iiic) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (ia) or (iiic) shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Avista Corp)

Substitution of Banks. Upon the receipt by If a Bank becomes a Defaulted Bank or the Company receives notice from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 3.01, 3.02 or ------------- ----------- Section 4.153.03 (each such Bank being referred to as an "Affected Bank"), the Company may: (i) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Cihc Inc)

Substitution of Banks. Upon the receipt by the Company from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.154.03, the Company ------------- may: (i) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company and to the Agent (a "Replacement Bank") to acquire and assume all or a ratable part of all ---------------- of such Affected Bank's Loans and Commitment (a "Replacement Bank")Commitment; or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Globalcenter Inc)

Substitution of Banks. Upon the receipt by the Company Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 3.1 or ------------- ----------- 3.3, or any determination of illegality under Section 4.153.2, the Company Borrower may: (ia) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrower to acquire and assume all or a ratable part of all of such Affected Bank's Loans Loan and Commitment (a "Replacement Bank"); or (iib) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; Commitment or (iiic) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (ia) or (iiic) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Bridge Credit Agreement (Nuveen Investments Inc)

Substitution of Banks. Upon the receipt by the Company Borrower from any Bank --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.154.03, the Company ------------- Borrower may: (ia) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrower to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment Uncommitted Line Portion (a "Replacement Bank"); or (iib) request one or more of ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and CommitmentUncommitted Line Portion; or (iiic) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (ia) or (iiic) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Substitution of Banks. Upon the receipt by the Company from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.154.03, the Company may: (i) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Agent to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and CommitmentCommitment but none of the Banks shall have any obligation to do so; or (iii) designate a Replacement BankBank satisfactory to Agent. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

Substitution of Banks. Upon the receipt by the Company from any --------------------- Bank (an "Affected BankAFFECTED BANK") of a claim for compensation under Section SECTION 4.7 or ------------- ----------- Section SECTION 4.15, the Company may: (i) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement BankREPLACEMENT BANK"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Pan Pacific Retail Properties Inc)

Substitution of Banks. Upon the receipt by the Company either Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 3.1, 3.2 or ------------- ----------- Section 4.153.3, the Company may: (i) request the Affected Bank to use cooperate with the Company in its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

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Substitution of Banks. Upon the receipt by the Company Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.154.03, the Company Borrower may: (ia) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrower to acquire and assume all or a ratable part of all of such Affected Bank's ’s Loans and Commitment Uncommitted Line Portion (a "Replacement Bank"); or (iib) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's ’s Loans and CommitmentUncommitted Line Portion; or (iiic) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (ia) or (iiic) shall be subject to the prior written consent of the Agent Agents (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Substitution of Banks. Upon the receipt by the Company any Borrower from any Bank --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 4.1, 4.2 or 4.3, ------------- ----------- Section 4.15, --- --- the Company Borrowers may: (i) request the Affected Bank to use cooperate with the Borrowers in its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrowers to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) ---------------- request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Apw LTD)

Substitution of Banks. Upon the receipt by the Company either Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 3.1, 3.2 or ------------- ----------- Section 4.153.3, the Company may: (i) request the Affected Bank to use cooperate with the Company in its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

Substitution of Banks. Upon the receipt by the Company from any Bank --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or Sections 4.01 and 4.03, ------------- ----------- Section 4.15, the Company may: (i) request the Affected Bank to use its best ------------ commercially reasonable efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the ---------------- other Banks to acquire and assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Pledge Agreement (Cb Commercial Real Estate Services Group Inc)

Substitution of Banks. Upon the receipt by the Company Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.154.03, the Company Borrower may: (ia) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrower to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment Uncommitted Line Portion (a "Replacement Bank"); or (iib) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and CommitmentUncommitted Line Portion; or (iiic) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (ia) or (iiic) shall be subject to the prior written consent of the Agent Agents (which consent shall not be unreasonably withheld)...... 48 4.09

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Substitution of Banks. Upon receiving notice that a Bank (a) has not consented to an extension of the receipt by the Company from any --------------------- Bank Revolving Credit B Loan under Section 2.9, or (b) demands a claim for compensation under Section 4.1 or 4.3 (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.15), the Company may: (i) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment Commitments (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and CommitmentCommitments; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Revolving Credit Agreement (Wisconsin Central Transportation Corp)

Substitution of Banks. Upon the receipt by the Company Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.154.03, the Company Borrower may: (ia) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrower to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment Uncommitted Line Portion (a "Replacement Bank"); or (iib) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and CommitmentUncommitted Line Portion; or (iiic) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (ia) or (iiic) shall be subject to the prior written consent of the Agent Agents (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Substitution of Banks. Upon the receipt by the Company Borrower from any Bank --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or 4.3, the Borrower ------------- ----------- Section 4.15, the Company may: (i) request the Affected Bank Agent to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrower to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment (a "Replacement Bank"); or (ii) request one or more ---------------- of the other Banks to acquire and ----------------- assume all or part of such Affected Bank's Loans and Commitment; or (iii) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (i) or (iii) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Secured Credit Agreement (System Software Associates Inc)

Substitution of Banks. Upon the receipt by the Company Borrower from any --------------------- Bank (an "Affected Bank") of a claim for compensation under Section 4.7 or ------------- ----------- Section 4.154.03, the Company Borrower may: (ia) request the Affected Bank to use its best ------------ efforts to obtain a replacement bank or financial institution satisfactory to the Company Borrower to acquire and assume all or a ratable part of all of such Affected Bank's Loans and Commitment Uncommitted Line Portion (a "Replacement Bank"); or (iib) request one or more ---------------- of the other Banks to acquire and assume all or part of such Affected Bank's Loans and CommitmentUncommitted Line Portion; or (iiic) designate a Replacement Bank. Any such designation of a Replacement Bank under clause (ia) or (iiic) shall be subject to the prior written consent of the Agent (which consent shall not be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

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