Equalization of Outstanding Obligations. On the Restatement Effective Date, all Revolving Loans, Swing Loans and Letters of Credit outstanding under, and as defined in, the Prior Credit Agreement shall remain outstanding as the initial Borrowing of U.S. Revolving Loans, U.S. Swing Loans and U.S. Letters of Credit under this Agreement, and the Lenders each agree to make such purchases and sales of the outstanding Revolving Loans and interests in outstanding U.S. Swing Loans and U.S. Letters of Credit among themselves so that each Lender is then holding its Percentage of outstanding Revolving Loans and interests in Swing Loans and Letters of Credit. Such purchases and sales shall be arranged through the Administrative Agent and each Lender hereby agrees to execute such further instruments and documents, if any, as the Administrative Agent may reasonably request in connection therewith. The first payment of interest and Letter of Credit fees received by the Administrative Agent after the Restatement Effective Date shall be paid to the Lenders in amounts adjusted to reflect the adjustments to the respective Percentages of the Revolving Loans, Swing Loans and Letter of Credit as of the Restatement Effective Date. The parties hereto acknowledge and agree that the minimum borrowing, pro rata borrowing, pro rata payment and funding indemnity requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to this Section and that any prepayment or breakage fees in connection with such transactions are hereby waived.
Equalization of Outstanding Obligations. On the Restatement Effective Date, all Revolving Loans, Swing Loans and Letters of Credit outstanding under, and as defined in, the Prior Credit Agreement shall remain outstanding as the initial Borrowing of U.S. Revolving Loans, U.S. Swing Loans and U.S. Letters of Credit under this Agreement, and the Lenders each agree to make such purchases and sales of the outstanding Revolving Loans and interests in outstanding U.S. Swing Loans and U.S. Letters of Credit among themselves so that each Lender is then holding its Percentage of outstanding Revolving Loans and interests in Swing Loans and Letters of Credit. Such purchases and sales shall be arranged through the Administrative Agent and each Lender hereby agrees to execute such further instruments and documents, if any, as the Administrative Agent may reasonably request in connection therewith. The first payment of interest and Letter of Credit fees received by the Administrative Agent after the Restatement Effective Date shall be paid to the Lenders in amounts adjusted to reflect the adjustments to the respective Percentages of the Revolving Loans, Swing Loans and Letter of Credit as of the Restatement Effective Date.
Equalization of Outstanding Obligations. Upon the satisfaction of the conditions precedent set forth in Section 4.02 hereof, all Loans outstanding under, and as defined in, the Existing Agreement, including all Eurodollar Loans, shall remain outstanding as part of the initial Borrowing of Loans under this Agreement. On the Restatement Effective Date, the Lenders each agree to make such purchases and sales of interests in the outstanding Loans between themselves so that each Lender is then holding its Applicable Adjusted Percentage of outstanding Loans. Such purchases and sales shall be arranged through the Administrative Agent, and each Lender hereby agrees to execute such further instruments and documents, if any, as the Administrative Agent may reasonably request in connection therewith.
Equalization of Outstanding Obligations. Upon the satisfaction of the conditions precedent set forth in Section 7.2 hereof, all Loans outstanding under, and as defined in, the Prior Credit Agreement shall remain outstanding as part of the initial Borrowing of Loans under this Agreement. On the Closing Date, the Lenders each agree to make such purchases and sales of interests in the outstanding Loans between themselves so that each Lender is then holding its Percentage of outstanding Loans. Such purchases and sales shall be arranged through the Administrative Agent and each Lender hereby agrees to execute such further instruments and documents, if any, as the Agent may reasonably request in connection therewith.
Equalization of Outstanding Obligations. Upon the satisfaction of the conditions precedent set forth in Section 3.1 hereof, all Loans and Letters of Credit outstanding under, and as defined in, the Prior Credit Agreement shall remain outstanding as the initial Borrowing of Loans and Letters of Credit under this Agreement. On the Closing Date, the Banks each agree to make such purchases and sales of interests in the outstanding Loans and interests in outstanding Letters of Credit between themselves so that each Bank is then holding its Pro Rata Share of outstanding Loans and interests in Letters of Credit. Such purchases and sales shall be arranged through the Administrative Agent and each Bank hereby agrees to execute such further instruments and documents, if any, as the Administrative Agent may reasonably request in connection therewith.
Equalization of Outstanding Obligations. Upon the satisfaction of the conditions precedent set forth in Section 7.2 hereof, all Loans and Letters of Credit outstanding under, and as defined in, the Prior Credit Agreement shall remain outstanding as part of the initial Borrowing of Loans and issuance of Letters of Credit under this Agreement and, in connection therewith, the Borrower shall be deemed to have repaid all outstanding Eurodollar Loans on the Closing Date and shall pay to each Lender who is currently a party to the Prior Credit Agreement any compensation due such Lender under Section 1.11 of the Prior Credit Agreement as a result thereof. On the Closing Date, the Lenders each agree to make such purchases and sales of interests in the outstanding Loans and interests in outstanding Letters of Credit between themselves so that each Lender is then holding its Percentage of outstanding Loans and L/C Obligations. Such purchases and sales shall be arranged through the Administrative Agent and each Lender hereby agrees to execute such further instruments and documents, if any, as the Agent may reasonably request in connection therewith.
Equalization of Outstanding Obligations. On the Second Amendment Effective Date, (i) all Loans and Letters of Credit outstanding under the Credit Agreement (before giving effect to this Amendment) shall remain outstanding as the initial Borrowing of Loans and Letters of Credit under the Credit Agreement (as amended hereby) and, (ii) the Banks each agree to make such purchases and sales of interests in the outstanding Loans and interests in outstanding Letters of Credit among themselves so that each Bank is then holding its Pro Rata Share of outstanding Loans and interests in Letters of Credit. Such purchases and sales shall be arranged through the Administrative Agent and each Bank hereby agrees to execute such further instruments and documents, if any, as the Administrative Agent may reasonably request in connection therewith.
