Change of Applicable Lending Office. Each Bank agrees that, upon the occurrence of any event giving rise to the operation of Section 2.10(a)(ii), 2.10(a)(iii), 2.10(c) or 4.04 with respect to such Bank, it will, if requested by any Borrower, use reasonable efforts (subject to overall policy considerations of such Bank) to designate another Applicable Lending Office for any Loans affected by such event, provided that such designation is made on such terms that such Bank and its Applicable Lending Office will suffer no economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event giving rise to the operation of any such Section. Nothing in this Section 2.12 shall affect or postpone any of the obligations of any Borrower or Designee or the right of any Bank provided in Section 2.10 or 4.04.
Appears in 2 contracts
Sources: Credit Agreement (Financial Security Assurance Holdings LTD), Credit Agreement (Financial Security Assurance Holdings LTD/Ny/)
Change of Applicable Lending Office. Each Bank agrees ----------------------------------- that, upon the occurrence of any event giving rise to the operation of Section 2.10(a)(ii1.11(a) (ii) or (iii), 2.10(a)(iii1.11(c), 2.10(c1.11(d) or 4.04 4.03 with respect to such Bank, it will, if requested by any Borrowerthe Company, use reasonable efforts (subject to overall policy considerations of such Bank) to designate another Applicable Lending Office lending office for any Loans affected by such event, provided that such designation is made on such terms that such Bank and its Applicable Lending Office will lending office suffer no economic, legal or regulatory disadvantagedisadvantage (as determined by such Bank in its sole discretion), with the object of avoiding the consequence of the event giving rise to the operation of any such Section. Nothing in this Section 2.12 1.13 shall affect or postpone any of the obligations of any Borrower or Designee the Company or the right of any Bank provided in Section 2.10 1.11 or 4.044.03.
Appears in 1 contract
Sources: Revolving Credit Agreement (Sunoco Logistics Partners Lp)
Change of Applicable Lending Office. Each Bank agrees that, upon the occurrence of any event giving rise to the operation of Section 2.10(a)(ii1.10(a)(ii) or (iii), 2.10(a)(iiiSection 1.10(c), 2.10(c) Section 2.06 or Section 4.04 with respect to such Bank, it will, if requested by any the applicable Borrower, use reasonable efforts (subject to overall policy considerations of such Bank) to designate another Applicable Lending Office lending office for any Loans or Letters of Credit affected by such event; provided, provided that such designation is made on such terms that such Bank and its Applicable Lending Office will lending office suffer no economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event giving rise to the operation of any such Section. Nothing in this Section 2.12 1.12 shall affect or postpone any of the obligations of any Borrower or Designee or the right of any Bank provided in Section 2.10 or Sections 1.10, 2.06 and 4.04.
Appears in 1 contract