Common use of Administrative Agent’s Discretion to Allocate Clause in Contracts

Administrative Agent’s Discretion to Allocate. Notwithstanding the provisions of Sections 3.2 and 9.6(b) with respect to the funding of Loans and Bankers’ Acceptances and reimbursing with respect to Letters in accordance with each relevant Lender’s Pro Rata Share, the Administrative Agent shall be entitled to reallocate the funding or reimbursement obligations among the relevant Lenders in order to ensure, to the greatest extent practicable, that after such funding the aggregate amount of credit extended hereunder by each Lender coincides with such Lender’s Pro Rata Share of the aggregate amount of credit extended under a particular Credit Facility by all of the relevant Lenders, provided that no such allocation shall result in the aggregate amount of credit extended hereunder by any Lender exceeding such Lender’s Individual Commitment under such Credit Facility.

Administrative Agent’s Discretion to Allocate. Notwithstanding the provisions of Sections 3.2 and 9.6(b9.7(b) with respect to the funding of Loans and Bankers’ Acceptances and reimbursing with respect to Letters in accordance with each relevant Lender’s 's Pro Rata Share, the Administrative Agent shall be entitled to reallocate the funding or reimbursement obligations among the relevant Lenders in order to ensure, to the greatest extent practicable, that after such funding the aggregate amount of credit extended hereunder by each relevant Lender coincides with such Lender’s Xxxxxx's Pro Rata Share of the aggregate amount of credit extended under a particular Credit Facility by all of the relevant Lenders, provided that no such allocation shall result in the aggregate amount of credit extended hereunder by any relevant Lender exceeding such Lender’s Xxxxxx's Individual Commitment under such the relevant Credit Facility.. Fourth Amended and Restated Credit Agreement - Equinox

Administrative Agent’s Discretion to Allocate. Notwithstanding the provisions of Sections 3.2 and 9.6(b) with respect to the funding of Loans and Bankers’ ' Acceptances and reimbursing with respect to Letters in accordance with each relevant Lender’s 's Pro Rata Share, the Administrative Agent shall be entitled to reallocate the funding or reimbursement obligations among the relevant Lenders in order to ensure, to the greatest extent practicable, that after such funding the aggregate amount of credit extended hereunder by each Lender coincides with such Lender’s 's Pro Rata Share of the aggregate amount of credit extended under a particular Credit Facility by all of the relevant Lenders, provided that no such allocation shall result in the aggregate amount of credit extended hereunder by any Lender exceeding such Lender’s 's Individual Commitment under such Credit Facility.