Common use of Collection Allocation Mechanism Clause in Contracts

Collection Allocation Mechanism. 2.1 Notwithstanding any other provisions of this Agreement or any Loan Document, on the CAM Exchange Date, (i) to the extent provided for in the Credit Agreement, all Revolving Commitments shall automatically and without further act be terminated and all Loans then outstanding shall automatically become due and payable and (ii) the Lenders shall automatically and without further act be deemed to have exchanged interests in the Revolving Commitments and the extensions of credit made thereunder such that in lieu of the interest of each Lender in the Tranche 1 Revolving Commitments and the extensions of credit made thereunder or the Tranche 2 Revolving Commitments and the extensions of credit made thereunder, as the case may be, in which it shall participate as of such date, such Lender shall hold an interest in every one of the Revolving Commitments and the extensions of credit made thereunder (including each L/C Reserve Account established pursuant to Section 2.3 below), whether or not such Lender shall previously have participated therein, equal to such Lender’s CAM Percentage thereof; provided that such CAM Exchange will not affect the aggregate amount of the obligations of the Loan Parties to the Lenders under the Loan Documents. Each Lender hereby consents and agrees to the CAM Exchange and agrees that the CAM Exchange shall be binding upon its successors and assigns and any person that acquires a participation in its interests in any of the Revolving Commitments and the extensions of credit made thereunder.

Collection Allocation Mechanism. 2.1 Notwithstanding any other provisions of this Agreement or any Loan Document, on (a) On the CAM Exchange Date, (i) to the extent provided for in the Credit Agreement, all Revolving Commitments shall automatically and without further act be terminated as provided in Article VIII, (ii) each Revolving Lender shall immediately be deemed to have acquired (and all shall promptly make payment therefor to the Administrative Agent in accordance with Section 2.04(c)) participations in the Swingline Loans then outstanding shall automatically become due and payable in an amount equal to such Revolving Lender's Swingline Exposure on such date and (iiiii) the Lenders shall automatically and without further act (and without regard to the provisions of Section 10.04) be deemed to have exchanged interests in the Loans (other than the Swingline Loans) and B/A Drawings and, in the case of the Revolving Commitments Lenders, participations in Swingline Loans and the extensions Letters of credit made thereunder Credit such that in lieu of the interest of each Lender in the Tranche 1 Revolving Commitments each Loan, B/A Drawing and the extensions Letter of credit made thereunder or the Tranche 2 Revolving Commitments and the extensions of credit made thereunder, as the case may be, Credit in which it shall participate as of such datedate (including such Lender's interest in the Obligations of each Credit Party in respect of each such Loan, B/A Drawing and Letter of Credit), such Lender shall hold an interest in every one of the Revolving Commitments Loans (other than the Swingline Loans) and B/A Drawings and a participation in every one of the extensions Swingline Loans and Letters of credit made thereunder Credit (including the Obligations of each LCredit Party in respect of each such Loan and B/C A Drawing and each LC Reserve Account established pursuant to Section 2.3 2.21(c) below), whether or not such Lender shall previously have participated therein, equal to such Lender’s 's CAM Percentage thereof; provided that such CAM Exchange will not affect the aggregate amount of the obligations of the Loan Parties to the Lenders under the Loan Documents. Each Lender and each Credit Party hereby consents and agrees to the CAM Exchange Exchange, and each Lender agrees that the CAM Exchange shall be binding upon its successors and assigns and any person that acquires a participation in its interests in any Loan or B/A Drawing. Each Credit Party agrees from time to time to execute and deliver to the Administrative Agent all such Notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests of the Revolving Commitments Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any Notes originally received by it in connection with its Loans hereunder to the extensions Administrative Agent against delivery of credit made thereundernew Notes evidencing its interests in the Loans; PROVIDED, HOWEVER, that the failure of any Credit Party to execute or deliver or of any Lender to accept any such Note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange.

Collection Allocation Mechanism. 2.1 Notwithstanding any other provisions of this Agreement or any Loan Document, on (a) On the -------------------------------- CAM Exchange Date, (i) to the extent provided for in the Credit Agreement, all Revolving Commitments shall automatically and without further act be terminated as provided in Article VIII, (ii) each Revolving Lender shall immediately be deemed to have acquired (and all shall promptly make payment therefor to the Administrative Agent in accordance with Section 2.04(c)) participations in the Swingline Loans then outstanding shall automatically become due and payable in an amount equal to such Revolving Lender's Swingline Exposure on such date and (iiiii) the Lenders shall automatically and without further act (and without regard to the provisions of Section 10.04) be deemed to have exchanged interests in the Loans (other than the Swingline Loans) and B/A Drawings and, in the case of the Revolving Commitments Lenders, participations in Swingline Loans and the extensions Letters of credit made thereunder Credit such that in lieu of the interest of each Lender in the Tranche 1 Revolving Commitments each Loan, B/A Drawing and the extensions Letter of credit made thereunder or the Tranche 2 Revolving Commitments and the extensions of credit made thereunder, as the case may be, Credit in which it shall participate as of such datedate (including such Lender's interest in the Obligations of each Credit Party in respect of each such Loan, B/A Drawing and Letter of Credit), such Lender shall hold an interest in every one of the Revolving Commitments Loans (other than the Swingline Loans) and B/A Drawings and a participation in every one of the extensions Swingline Loans and Letters of credit made thereunder Credit (including the Obligations of each LCredit Party in respect of each such Loan and B/C A Drawing and each LC Reserve Account established pursuant to Section 2.3 2.21(c) below), whether or not such Lender shall previously have participated therein, equal to such Lender’s 's CAM Percentage thereof; provided that such CAM Exchange will not affect the aggregate amount of the obligations of the Loan Parties to the Lenders under the Loan Documents. Each Lender and each Credit Party hereby consents and agrees to the CAM Exchange Exchange, and each Lender agrees that the CAM Exchange shall be binding upon its successors and assigns and any person that acquires a participation in its interests in any Loan or B/A Drawing. Each Credit Party agrees from time to time to execute and deliver to the Administrative Agent all such Notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests of the Revolving Commitments Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any Notes originally received by it in connection with its Loans hereunder to the extensions Administrative Agent against delivery of credit made thereundernew Notes evidencing its interests in the Loans; provided, however, that the failure of any Credit Party to execute or -------- ------- deliver or of any Lender to accept any such Note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange.

Collection Allocation Mechanism. 2.1 Notwithstanding any other provisions of this Agreement or any Loan Document, on (a). On the CAM Exchange -------------------------------- Date, (i) to the extent provided for in the Credit Agreement, all Revolving Commitments shall automatically and without further act be terminated as provided in Article VIII, (ii) each Revolving Lender shall immediately be deemed to have acquired (and all shall promptly make payment therefor to the Administrative Agent in accordance with Section 2.04(c)) participations in the Swingline Loans then outstanding shall automatically become due and payable in an amount equal to such Revolving Lender's Swingline Exposure on such date and (iiiii) the Lenders shall automatically and without further act (and without regard to the provisions of Section 10.04) be deemed to have exchanged interests in the Loans (other than the Swingline Loans) and B/A Drawings and, in the case of the Revolving Commitments Lenders, participations in Swingline Loans and the extensions Letters of credit made thereunder Credit such that in lieu of the interest of each Lender in the Tranche 1 Revolving Commitments each Loan, B/A Drawing and the extensions Letter of credit made thereunder or the Tranche 2 Revolving Commitments and the extensions of credit made thereunder, as the case may be, Credit in which it shall participate as of such datedate (including such Lender's interest in the Obligations of each Credit Party in respect of each such Loan, B/A Drawing and Letter of Credit), such Lender shall hold an interest in every one of the Revolving Commitments Loans (other than the Swingline Loans) and B/A Drawings and a participation in every one of the extensions Swingline Loans and Letters of credit made thereunder Credit (including the Obligations of each LCredit Party in respect of each such Loan and B/C A Drawing and each LC Reserve Account established pursuant to Section 2.3 2.21(c) below), whether or not such Lender shall previously have participated therein, equal to such Lender’s 's CAM Percentage thereof; provided that such CAM Exchange will not affect the aggregate amount of the obligations of the Loan Parties to the Lenders under the Loan Documents. Each Lender and each Credit Party hereby consents and agrees to the CAM Exchange Exchange, and each Lender agrees that the CAM Exchange shall be binding upon its successors and assigns and any person that acquires a participation in its interests in any Loan or B/A Drawing. Each Credit Party agrees from time to time to execute and deliver to the Administrative Agent all such Notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests of the Revolving Commitments Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any Notes originally received by it in connection with its Loans hereunder to the extensions Administrative Agent against delivery of credit made thereundernew Notes evidencing its interests in the Loans; provided, however, that the failure of any Credit Party to execute or -------- ------- deliver or of any Lender to accept any such Note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange.