Common use of Retained Interest Clause in Contracts

Retained Interest. Effective as of the Assignment Date, (i) the Assigning Lender’s Commitment Amount shall be the amount designated as the “Retained Commitment Amount” opposite the Assigning Lender’s signature below (and the Assigning Lender shall be relieved of all of its obligations under the Credit Agreement to the extent of the reduction in its Commitment Amount in accordance herewith), (ii) the principal amount of Advances under Section 2.1 owing to the Assigning Lender shall be the amount designated as the “Retained Committed Advances” opposite the Assigning Lender’s signature below, and (iii) the Assigning Lender’s Percentage shall be the percentage designated as the “Retained Percentage” opposite the Assigning Lender’s signature below.

Appears in 2 contracts

Samples: Credit Agreement (Sensient Technologies Corp), Credit Agreement (Sensient Technologies Corp)

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Retained Interest. Effective as of the Assignment Effective Date, (i) the Assigning LenderBank’s Commitment Amount shall be the amount designated as the “Retained Commitment Amount” opposite the Assigning LenderBank’s signature below (and the Assigning Lender Bank shall be relieved of all of its obligations under the Credit Agreement to the extent of the reduction in its Commitment Amount in accordance herewith), (ii) the principal amount of Advances under Section 2.1 owing to the Assigning Lender Bank shall be the amount designated as the “Retained Committed Advances” opposite the Assigning LenderBank’s signature below, and (iii) the Assigning LenderBank’s Percentage shall be the percentage designated as the “Retained Percentage” opposite the Assigning LenderBank’s signature below.

Appears in 1 contract

Samples: Credit Agreement (Northern States Power Co)

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Retained Interest. Effective as of the Assignment Effective Date, (i) the Assigning LenderBank’s Commitment Amount shall be the amount designated as the “Retained Commitment Amount” opposite the Assigning LenderBank’s signature below (and and, if the Effective Date is prior to the Commitment Termination Date, the Assigning Lender Bank shall be relieved of all of its obligations under the Credit Agreement to the extent of the reduction in its Commitment Amount in accordance herewith), (ii) the principal amount of Advances under Section 2.1 owing to the Assigning Lender Bank shall be the amount designated as the “Retained Committed Advances” opposite the Assigning LenderBank’s signature below, and (iii) the Assigning LenderBank’s Percentage shall be the percentage designated as the “Retained Percentage” opposite the Assigning LenderBank’s signature below.

Appears in 1 contract

Samples: Credit Agreement (Xcel Energy Inc)

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