Common use of Issuing Banks Entitled to Fees Clause in Contracts

Issuing Banks Entitled to Fees. If any Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated pursuant to Section 2.21(c), then, without prejudice to any rights or remedies of any Issuing Bank or any Lender hereunder, all letter of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Banks (pro rata based on the respective LC Exposure directly held by each Issuing Bank) until such LC Exposure is cash collateralized and/or reallocated;

Issuing Banks Entitled to Fees. If if any Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated pursuant to Section 2.21(c), then, without prejudice to any rights or remedies of any Issuing Bank or any Lender hereunder, all letter of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Banks (pro rata based on the respective LC L/C Exposure directly held by each Issuing Bank) until such LC Exposure is cash collateralized and/or reallocated;

Issuing Banks Entitled to Fees. If any Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated pursuant to Section 2.21(c), then, without prejudice to any rights or remedies of any Issuing Bank or any other Lender hereunder, all letter of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Banks (pro rata and allocated among them ratably based on the respective amount of such Defaulting Lender’s LC Exposure directly held attributable to letters of Credit issued by each Issuing Bank) until and to the extent such LC Exposure is cash collateralized and/or reallocated;