ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation: (b) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate. (c) The Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances. (d) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the Borrower, that Revolving Credit Lender's Revolving Credit Percentage Commitment of such honoring.
Appears in 2 contracts
Sources: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii12-2(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Agent and the Revolving Credit Lenders shall "“net out" ” each Revolving Credit Lender's ’s respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the Borrower, that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of such honoring.
Appears in 2 contracts
Sources: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:: 104
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii13.2(b)(iii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Administrative Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C and Banker's Acceptance thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of such honoring.
Appears in 2 contracts
Sources: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii12.2(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's Revolving Credit Percentage Commitment of such honoring.
Appears in 2 contracts
Sources: Loan and Security Agreement (Jacobson Stores Inc), Loan and Security Agreement (Jacobson Stores Inc)
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii2.24(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Agent and the Revolving Credit Lenders shall "“net out" ” each Revolving Credit Lender's ’s respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contributecontribute (absent any Issuer’s gross negligence or willful misconduct), towards any L/C thereafter honored and not immediately reimbursed by the Borrower, that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of such honoring.
Appears in 2 contracts
Sources: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii13.2(b)(iii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Administrative Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C and Banker's Acceptance thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of such honoring.
Appears in 2 contracts
Sources: Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (DSW Inc.)
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii12-2(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Administrative Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of such honoring.
Appears in 1 contract
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii12.2(b)(iii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Administrative Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C and Banker's Acceptance thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of such honoring.
Appears in 1 contract
Sources: Loan and Security Agreement (Value City Department Stores Inc /Oh)
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii12.2(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the BorrowerLoan Parties, that Revolving Credit Lender's Revolving Credit Percentage Commitment of such honoring.
Appears in 1 contract
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:: 106
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii13.2(b)(iii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Administrative Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C and Banker's Acceptance thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of such honoring.
Appears in 1 contract
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii3.2(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Agent and the Revolving Credit Lenders shall "“net out" ” each Revolving Credit Lender's ’s respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contributecontribute (absent any Issuer’s gross negligence or willful misconduct), towards any L/C thereafter honored and not immediately reimbursed by the Borrower, that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of such honoring.
Appears in 1 contract
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii12:12-2(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Agent and the Revolving Credit Lenders shall "net out" each Revolving Credit Lender's respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's Revolving Credit Commitment Percentage Commitment of such honoring.
Appears in 1 contract
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii14.2(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Administrative Agent and the Revolving Credit Lenders shall "“net out" ” each Revolving Credit Lender's ’s respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the BorrowerLoan Parties, that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of such honoring.
Appears in 1 contract
Sources: Loan and Security Agreement (Casual Male Retail Group Inc)
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Swing Line Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii), converted to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Agent and the Revolving Credit Lenders shall "“net out" ” each Revolving Credit Lender's ’s respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's Revolving Credit ’s Commitment Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, contribute towards any L/C Letter of Credit thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's Revolving Credit ’s Commitment Percentage Commitment of such honoring.
Appears in 1 contract
ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation:
(bi) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 2.2(b)(ii2.24(b)(ii), to a Revolving Credit Loan in which all Revolving Credit Lenders participate.
(cii) The Agent and the Revolving Credit Lenders shall "“net out" ” each Revolving Credit Lender's ’s respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances.
(db) Following the initiation of a Liquidation, each Revolving Credit Lender shall contributecontribute (absent any Issuer’s gross negligence or willful misconduct), towards any L/C thereafter honored and not immediately reimbursed by the BorrowerBorrowers, that Revolving Credit Lender's ’s Revolving Credit Percentage Commitment of such honoring.
Appears in 1 contract