Common use of Terms of New Loans and Commitments Clause in Contracts

Terms of New Loans and Commitments. The terms and provisions of Loans made pursuant to the new Commitments shall be identical to the Revolving Loans of the same Class. The increased or new Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by the Loan Parties, the Funding Agent and each Lender making such increased or new Commitment, in form and substance satisfactory to each of them. The Increase Joinder may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Funding Agent, to effect the provisions of this Section 2.23. In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans made pursuant to new Commitments made pursuant to this Agreement, and all references in Loan Documents to Commitments of a Class shall be deemed, unless the context otherwise requires, to include references to new Commitments of such Class made pursuant to this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Novelis Inc.), Security Agreement (Novelis South America Holdings LLC)

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Terms of New Loans and Commitments. The terms and provisions of Loans made pursuant to the new Commitments shall be identical to the Revolving Loans of (it being understood and agreed that the same ClassBorrowers may, at their option, pay customary arrangement and upfront fees (or similar fees) in connection with the increased Commitments). The increased or new Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by the Loan PartiesBorrowers, the Funding Administrative Agent and each Lender making such increased or new Commitment, in form and substance reasonably satisfactory to each of them. The Increase Joinder may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Funding Administrative Agent, to effect the provisions of this Section 2.232.20. In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans made pursuant to new Commitments made pursuant to this Agreement, and all references in Loan Documents to Commitments of a Class shall be deemed, unless the context otherwise requires, to include references to new Commitments of such Class made pursuant to this Agreement.

Appears in 2 contracts

Samples: Revolving Syndicated Facility Agreement (Tronox LTD), Revolving Syndicated Facility Agreement (Tronox LTD)

Terms of New Loans and Commitments. The terms and provisions of Revolving Loans made pursuant to the new Commitments shall be identical to the Revolving Loans of the same ClassLoans. The increased or new Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by the Loan PartiesBorrower, the Funding Agent Administrative Agent, each Additional Lender, and each Lender making such increased or new Commitmentwhose Commitment is to be increased, in form and substance satisfactory to each of them. The Increase Joinder may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Funding Administrative Agent, to effect the provisions of this Section 2.232.18. In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans made pursuant to new Commitments made pursuant to this Agreement, and all references in Loan Documents to Commitments of a Class shall be deemed, unless the context otherwise requires, to include references to new Commitments of such Class made pursuant to this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)

Terms of New Loans and Commitments. The terms and provisions of Loans made pursuant to the new Commitments shall be identical to the terms and provisions of Revolving Loans of the same Classmade pursuant to Commitments as in effect prior to an Increase Effective Date. The increased or new Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by the Loan PartiesBorrowers, the Funding Administrative Agent and each Lender making such increased or new Commitment, in form and substance satisfactory to each of them. The Increase Joinder may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Funding Administrative Agent, to effect the provisions of this Section 2.232.19. In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans made pursuant to new Commitments made pursuant to this Agreement, and all references in Loan Documents to Commitments of a Class shall be deemed, unless the context otherwise requires, to include references to new Commitments of such Class made pursuant to this AgreementCommitments.

Appears in 1 contract

Samples: Credit Agreement (Sciele Pharma, Inc.)

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Terms of New Loans and Commitments. The terms and provisions of Revolving Loans made pursuant to the new Commitments shall be identical to the Revolving Loans of the same ClassLoans. The increased or new Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by the Loan PartiesBorrower, the Funding Administrative Agent and each Lender making such increased or new Commitment, in form and substance satisfactory to each of them. The Increase Joinder may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents (other than amendments that would be adverse to the interests of the Lenders) as may be necessary or appropriate, in the opinion of the Funding Administrative Agent, to effect the provisions of this Section 2.232.21. In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans made pursuant to new Commitments made pursuant to this Agreement, and all references in Loan Documents to Commitments of a Class shall be deemed, unless the context otherwise requires, to include references to new Commitments of such Class made pursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Harry & David Holdings, Inc.)

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