Addition of New Lenders. On the Effective Date, (a) each financial institution listed on the signature pages hereof that was not a party to the Existing Loan Agreement (each, a "New Lender") shall automatically become a party hereto and be entitled to the rights and remedies, and have the obligations, of a "Lender" hereunder, (b) each New Lender with a Revolving Loan Commitment shall deliver to the Administrative Agent immediately available funds to cover such New Lender's Revolving Percentage of all outstanding "Loans" under the Existing Loan Agreement after giving effect to all repayments thereof made on the
Appears in 2 contracts
Sources: Credit Agreement (Intermet Corp), Credit Agreement (Ironton Iron Inc)