Substitution of Lender. If (i) the obligation of any Lender to make Term SOFR Loans has been suspended pursuant to Section 8.02 or (ii) any Lender has demanded compensation under Section 8.03 or 8.04, the Borrower shall have the right, with the assistance of the Administrative Agent, to seek a mutually satisfactory substitute bank or banks (which may be one or more of the Lenders) to purchase the Loans and assume the Commitment of such Lender.
Appears in 5 contracts
Sources: 364 Day Revolving Credit Agreement (Consolidated Edison Co of New York Inc), 364 Day Senior Unsecured Delayed Draw Term Loan Credit Agreement (Consolidated Edison Co of New York Inc), 364 Day Revolving Credit Agreement (Consolidated Edison Co of New York Inc)
Substitution of Lender. If (i) the obligation of any Lender to make Term SOFR Loans has been suspended pursuant to Section 8.02 or (ii) any Lender has demanded compensation under Section 8.03 or 8.04, the Borrower shall have the right, with the assistance of the Administrative Agent, to seek a #95372686v23 mutually satisfactory substitute bank or banks (which may be one or more of the Lenders) to purchase the Loans and assume the Commitment of such Lender.
Appears in 1 contract
Sources: 364 Day Revolving Credit Agreement (Consolidated Edison Co of New York Inc)
Substitution of Lender. If (i) the obligation of any Lender to make Term SOFR Loans has been suspended pursuant to Section 8.02 or (ii) any Lender has demanded compensation under Section 8.03 or 8.04, the Borrower Borrowers shall have the right, with the assistance of the Administrative Agent, to seek a mutually satisfactory substitute bank or banks (which may be one or more of the Lenders) to purchase the Loans and assume the Commitment of such Lender.
Appears in 1 contract
Sources: Credit Agreement (Consolidated Edison Co of New York Inc)