Common use of Required Amendments Clause in Contracts

Required Amendments. Each of the parties hereto hereby agrees that, upon the effectiveness of any Supplemental Delayed Draw Term Loan Commitments, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence of such Supplemental Delayed Draw Term Loan Commitments, and any amendment may effect such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effectuate the provisions of this Section 2.01(c), and, for the avoidance of doubt, this Section 2.01(c)(v) shall supersede any provisions in Section 12.01. From and after each Supplemental Delayed Draw Term Loan Commitment Effective Date, the Commitments established pursuant to this Section 2.01(c) shall constitute Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Credit Documents, and shall, without limiting the foregoing, benefit equally and ratably from the guarantees and security interests created by the applicable Security Documents.

Appears in 3 contracts

Sources: Credit Agreement (Rubrik, Inc.), Credit Agreement (Rubrik, Inc.), Credit Agreement (Rubrik, Inc.)

Required Amendments. Each of the parties hereto hereby agrees that, upon the effectiveness of any Supplemental Delayed Draw Term Loan CommitmentsFacility Increase, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence of such Supplemental Delayed Draw Term Loan Commitments, and any amendment may effect such amendments to this Agreement and the other Credit Documents as may shall be amended to the extent necessary or appropriate, in appropriate to reflect the reasonable opinion existence of the Administrative Agent and the Borrower, such Facility Increase to effectuate effect the provisions of this Section 2.01(c), and, for the avoidance of doubt, 2.15(a) (and this Section 2.01(c)(v2.15(a) shall supersede Section 9.5), and any provisions in Section 12.01such amendment (each a “Facility Increase Amendment”) may only be effected with the consent of the other Lenders and the Administrative Agent, such consent not to be unreasonably withheld, conditioned or delayed. From and after each Supplemental Delayed Draw Term Loan Commitment Facility Increase Effective Date, the Commitments Facility Increase established pursuant to this Section 2.01(c2.15(a) shall constitute Commitments and be a part of the Maximum Committed Amount under, and shall be entitled to all the benefits afforded by, this Agreement and the other Credit Documents, and shall, without limiting the foregoing, benefit equally and ratably from the guarantees and security interests created by the applicable Security Collateral Documents.

Appears in 1 contract

Sources: Credit Agreement (F45 Training Holdings Inc.)