Common use of ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION Clause in Contracts

ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation: (i) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 14.2, to a Revolving Credit Loan in which all Lenders participate. (ii) The Agent and the Lenders shall “net out” each Lender’s respective contributions towards the Loans, so that each Lender holds that Lender’s Percentage Commitment of the Revolving Credit Loans and advances. (b) Following the initiation of a Liquidation, each Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the Borrower, that Lender’s Percentage Commitment of such honoring.

ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation: (i) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 14.213.1, to a Revolving Credit Loan in which all Lenders participate. (ii) The Agent and the Lenders shall “"net out” " each Lender’s 's respective contributions towards the Revolving Credit Loans, so that each Lender holds that Lender’s 's Revolving Credit Commitment Percentage Commitment of the Revolving Credit Loans and advances. (b) Following the initiation of a Liquidation, each Lender shall contribute, contribute towards any L/C thereafter honored and not immediately reimbursed by the Borrower, Borrower that Lender’s 's Revolving Credit Commitment Percentage Commitment of such honoring.

ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION. (a) At the initiation of a Liquidation: (i) The unpaid principal balance of the SwingLine Loan (if any) shall be converted, pursuant to Section 14.215.2, to a Revolving Credit Loan in which all Lenders participate. (ii) The Agent and the Lenders shall “"net out” " each Lender’s 's respective contributions towards the Loans, so that each Lender holds that Lender’s 's Percentage Commitment of the Revolving Credit Loans and advances. (b) Following the initiation of a Liquidation, each Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the Borrower, that Lender’s 's Percentage Commitment of such honoring.