Addition of Lenders. With the prior written consent of the Administrative Agent in its sole discretion (other than with respect to any Lender agreed in writing between the Borrower and the Administrative Agent on or prior to the Effective Date), at the request of the Borrower, a new lender may join the Credit Facility as a Lender by delivering a Joinder Agreement to the Administrative Agent, and such new Lender shall assume all rights and obligations of a Lender under this Credit Agreement and the other Loan Documents; provided that: (i) The Lender Commitment of the new Lender shall be in addition to the Lender Commitment of the existing Lenders in effect on the date of such new Lender’s entry into the Credit Facility and the Maximum Commitment shall be increased in a corresponding amount; (ii) the Lender Commitment of the new Lender shall be in a minimum amount of $5,000,000, and, if in a greater amount, in integral multiples of $1,000,000 (in each case, or such lesser amount agreed to by the Borrower and the Administrative Agent in writing); (iii) the new Lender shall provide any required documentation under Section 4.6 of this Credit Agreement; and (iv) the parties shall execute and deliver to the Administrative Agent a Joinder Agreement, the Borrower shall execute such new Notes as the Administrative Agent or any Lender may reasonably request, and the new Lender shall deliver payment of a processing and recordation fee of $3,500 to the Administrative Agent.
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Sources: Revolving Credit Agreement (Stonepeak-Plus Infrastructure Fund LP)
Addition of Lenders. With the prior written consent of the Administrative Agent in its sole discretion (other than with respect to any Lender agreed in writing between the Borrower and the Administrative Agent on or prior to the Effective Date)Letter of Credit Issuer in their reasonable discretion, at the request of the BorrowerBorrowers, a new lender may join the Credit Facility as a Lender by delivering a Joinder Agreement to the Administrative Agent, and such new Lender shall assume all rights and obligations of a Lender under this Credit Agreement and the other Loan Documents; provided that:
(i) The Lender Commitment of the new Lender shall be in addition to the Lender Commitment of the existing Lenders in effect on the date of such new Lender’s entry into the Credit Facility and the Maximum Commitment shall be increased in a corresponding amount;
(ii) the Lender Commitment of the new Lender shall be in a minimum amount of $5,000,00020,000,000, and, if in a greater amount, in integral multiples of $1,000,000 (in each case, or such lesser amount agreed to by the Borrower and the Administrative Agent in writing)10,000,000;
(iii) the if any new Lender is not incorporated under the laws of the United States of America or a state thereof, it shall provide deliver to the Borrowers and the Administrative Agent any certification required documentation under to be delivered pursuant to Section 4.6 of this Credit Agreement4.1 hereof; and
(iv) the applicable joining parties shall execute and deliver to the Administrative Agent a Joinder Agreement, the Borrower Borrowers shall execute such new USActive 58236919.3 Notes as the Administrative Agent or any Lender may reasonably request, and the new Lender shall deliver payment of a processing and recordation fee of $3,500 5,000 to the Administrative Agent.
Appears in 1 contract
Sources: Revolving Credit Agreement (T Series Middle Market Loan Fund LLC)
Addition of Lenders. With the prior written consent of the Administrative Agent in its sole discretion (other than with respect to any Lender agreed in writing between the Borrower and the Administrative Agent on or prior to the Effective Date)discretion, at the request of the BorrowerBorrowers, a new lender may join the Credit Facility as a Lender by delivering a Joinder Agreement to the Administrative Agent, and such new Lender shall assume all rights and obligations of a Lender under this Credit Agreement and the other Loan Documents; provided that:
(i) The Lender Commitment of the new Lender shall be in addition to the Lender Commitment of the existing Lenders in effect on the date of such new Lender’s entry into the Credit Facility and the Maximum Commitment shall be increased in a corresponding amount;
(ii) the Lender Commitment of the new Lender shall be in a minimum amount of $5,000,000, and, if in a greater amount, in integral multiples of $1,000,000 (in each case10,000,000, or such lesser amount agreed to by the Borrower Borrowers and the Administrative Agent in writing)Agent;
(iii) the if any new Lender is not incorporated under the laws of the United States of America or a state thereof, it shall provide any required documentation under deliver to the Borrowers and the Administrative Agent certification as to exemption from deduction or withholding of Taxes in accordance with Section 4.6 of this Credit Agreement4.1(f); and
(iv) the parties shall execute and deliver to the Administrative Agent a Joinder Agreement, the Borrower Borrowers shall execute such new Notes as the Administrative Agent or any Lender may reasonably request, and the new Lender shall deliver payment of a processing and recordation fee of $3,500 to the Administrative Agent, which amount the Administrative Agent may waive in its sole discretion.
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