Common use of Xxxxxx’s Commitment Clause in Contracts

Xxxxxx’s Commitment. Each applicable Lender shall make such Loan in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.3(f) and Section 2.16). Notwithstanding anything contained in this Section 2.3(e) or elsewhere in this Credit Agreement to the contrary, no Lender shall be obligated to provide the Administrative Agent or any Borrower with funds in connection with a Loan in an amount that would result in the Loans then funded by it plus such Xxxxxx’s Lender Pro Rata Share of the Letter of Credit Liability exceeding its Commitment then in effect. The obligation of each Lender to remit its Lender Pro Rata Share of any such Loan requested of it shall be several from that of each other Lender, and the failure of any Lender to so make such amount available to the Administrative Agent shall not relieve any other Lender of its obligation hereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (New PubCo Renewable Power Inc.)

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Xxxxxx’s Commitment. Each applicable Lender shall make such Loan in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.3(f) and Section 2.162.16 ). Notwithstanding anything contained in this Section 2.3(e) or elsewhere in this Credit Agreement to the contrary, no Lender shall be obligated to provide the Administrative Agent or any Borrower with funds in connection with a Loan in an amount that would result in the Loans then funded by it plus such Xxxxxx’s Lender Pro Rata Share of the Letter of Credit Liability exceeding its Commitment then in effect. The obligation of each Lender to remit its Lender Pro Rata Share of any such Loan requested of it shall be several from that of each other Lender, and the failure of any Lender to so make such amount available to the Administrative Agent shall not relieve any other Lender of its obligation hereunder.. CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO 17 C.F.R. SECTION 200.83

Appears in 1 contract

Samples: Revolving Credit Agreement (New PubCo Renewable Power Inc.)

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Xxxxxx’s Commitment. Each applicable Lender shall make such Loan in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.3(f) and Section 2.162.16 ). Notwithstanding anything contained in this Section 2.3(e) or elsewhere in this Credit Agreement to the contrary, no Lender shall be obligated to provide the Administrative Agent or any Borrower with funds in connection with a Loan in an amount that would result in the Loans then funded by it plus such Xxxxxx’s Lender Pro Rata Share of the Letter of Credit Liability exceeding its Commitment then in effect. The obligation of each Lender to remit its Lender Pro Rata Share of any such Loan requested of it shall be several from that of each other Lender, and the failure of any Lender to so make such amount available to the Administrative Agent shall not relieve any other Lender of its obligation hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (MN8 Energy, Inc.)

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