Common use of Successor Swing Line Lender Clause in Contracts

Successor Swing Line Lender. Any resignation or removal of Chase Co-Administrative Agent pursuant to subsection 9.5A shall also constitute the resignation or removal of Chase or its successor as Swing Line Lender, and any successor Chase Co-Administrative Agent appointed pursuant to subsection 9.5A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event (i) Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Chase Co-Administrative Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the retiring or removed Chase Co-Administrative Agent and Swing Line Lender shall surrender the Swing Line Note held by it to Company for cancellation, and (iii) Company shall issue a new Swing Line Note to the successor Chase Co-Administrative Agent and Swing Line Lender substantially in the form of Exhibit VI annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 2 contracts

Samples: Credit Agreement (Gulf State Credit LLP), Credit Agreement (Sherman Acquisition Corp)

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Successor Swing Line Lender. Any resignation or removal of Chase Co-Administrative Agent pursuant to subsection 9.5A shall also constitute the resignation or removal of Chase BofA or its successor as Swing Line Lender, and any successor Chase Co-Administrative Agent appointed pursuant to subsection 9.5A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event (i) Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Chase Co-Administrative Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the retiring or removed Chase Co-Administrative Agent and Swing Line Lender shall surrender the any Swing Line Note held by it to Company for cancellation, and (iii) if so requested by the successor Agent and Swing Line Lender in accordance with subsection 2.1E, Company shall issue a new Swing Line Note to the successor Chase Co-Administrative Agent and Swing Line Lender substantially in the form of Exhibit VI EXHIBIT V annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Credit Agreement (Oakley Inc)

Successor Swing Line Lender. Any resignation or removal of Chase Co-Administrative Managing Agent pursuant to subsection 9.5A 9.6A shall also constitute the resignation or removal of Chase GE Capital or its successor as Swing Line Lender, Lender and any successor Chase Co-Administrative Managing Agent appointed pursuant to subsection 9.5A 9.6A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event (i) Company Borrower shall prepay any outstanding Swing Line Loans made by the retiring or removed Chase Co-Administrative Managing Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the retiring or removed Chase Co-Administrative Managing Agent and Swing Line Lender shall surrender the Swing Line Note held by it to Company Borrower for cancellation, and (iii) Company Borrower shall issue a new Swing Line Note to the successor Chase Co-Administrative Managing Agent and Swing Line Lender substantially in the form of Exhibit VI IV-A annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Credit Agreement (Hartmarx Corp/De)

Successor Swing Line Lender. Any resignation or removal of Chase Co-Administrative Agent pursuant to subsection 9.5A shall also constitute the resignation or removal of JPMorgan Chase Bank or its successor as Swing Line Lender, and any successor Chase Co-Administrative Agent appointed pursuant to subsection 9.5A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event (i) Company Borrower shall prepay any outstanding Swing Line Loans made by the retiring or removed Chase Co-Administrative Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the retiring or removed Chase Co-Administrative Agent and Swing Line Lender shall surrender the any Swing Line Note held by it to Company Borrower for cancellation, and (iii) Company if so requested by the successor Administrative Agent and Swing Line Lender in accordance with subsection 2.1E, Borrower shall issue a new Swing Line Note to the successor Chase Co-Administrative Agent and Swing Line Lender substantially in the form of Exhibit VI II annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Credit Agreement (Dominos Inc)

Successor Swing Line Lender. Any resignation or removal of Chase Co-Administrative Agent pursuant to subsection 9.5A shall also constitute the resignation or removal of JPMorgan Chase Bank or its successor as Swing Line Lender, and any successor Chase Co-Administrative Agent appointed pursuant to subsection 9.5A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event (i) Company the relevant Borrower or Borrowers shall prepay any outstanding Swing Line Loans made by the retiring or removed Chase Co-Administrative Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the retiring or removed Chase Co-Administrative Agent and Swing Line Lender shall surrender the any Swing Line Note held by it to Company Borrowers for cancellation, and (iii) Company if so requested by the successor Administrative Agent and Swing Line Lender in accordance with subsection 2.1E, Borrowers shall issue a new Swing Line Note to the successor Chase Co-Administrative Agent and Swing Line Lender substantially in the form of Exhibit VI II annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Credit Agreement (Dominos Inc)

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Successor Swing Line Lender. Any resignation or removal of Chase Co-Administrative Agent pursuant to subsection 9.5A shall also constitute the resignation or removal of Chase or its successor as Swing Line Lender, and any successor Chase Co-Administrative Agent appointed pursuant to subsection 9.5A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event (i) Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Chase Co-Administrative Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the retiring or removed Chase Co-Co- Administrative Agent and Swing Line Lender shall surrender the Swing Line Note held by it to Company for cancellation, and (iii) Company shall issue a new Swing Line Note to the successor Chase Co-Administrative Agent and Swing Line Lender substantially in the form of Exhibit VI annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Credit Agreement (Account Portfolios Gp Inc)

Successor Swing Line Lender. Any resignation or removal of Chase Co-Co- Administrative Agent pursuant to subsection 9.5A shall also constitute the resignation or removal of Chase or its successor as Swing Line Lender, and any successor Chase Co-Administrative Agent appointed pursuant to subsection 9.5A shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event (i) Company shall prepay any outstanding Swing Line Loans made by the retiring or removed Chase Co-Co- Administrative Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the retiring or removed Chase Co-Administrative Agent and Swing Line Lender shall surrender the Swing Line Note held by it to Company for cancellation, and (iii) Company shall issue a new Swing Line Note to the successor Chase Co-Administrative 120 Agent and Swing Line Lender substantially in the form of Exhibit VI annexed hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions.

Appears in 1 contract

Samples: Security Agreement (Outsourcing Solutions Inc)

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