Common use of Acquired Lender Clause in Contracts

Acquired Lender. If any Lender is acquired by or merges with any other Person (including any other Lender) and (i) such Lender is not the surviving Person, and (ii) there exits no Event or Event of Default hereunder, the Borrower may replace such Lender in whole in the event that the surviving Person is not an Eligible Assignee with an Eligible Assignee reasonably acceptable to the Agent pursuant to an Assignment Agreement within 30 days following the date of consummation of any such acquisition or merger.

Acquired Lender. If any Lender lender is acquired by or merges with any other Person (including any other Lender) and (i) such Lender lender is not the surviving Person, and (ii) there exits exists no Event Default or Event of Default hereunder, the Borrower may replace such Lender in whole in the event that the surviving Person is not an Eligible Assignee with an another Eligible Assignee reasonably acceptable to the Administrative Agent pursuant to an Assignment Agreement within 30 thirty days following the date of consummation of any such acquisition or merger.