Common use of Limited Fronting Lenders Clause in Contracts

Limited Fronting Lenders. In the event that any NAIC Tranche Lender agrees (in its sole discretion) to act as a Limited Fronting Lender for any Affected Lender or Non-NAIC Approved Bank upon such terms and conditions as such parties may agree (including fees payable by such Affected Lender or Non-NAIC Approved Bank to such Limited Fronting Lender) (such agreement, a “Limited Fronting Lender Agreement”), the following provisions shall apply (in addition to any other provisions hereof relating to Limited Fronting Lenders): (i) upon the issuance of any Several Letter of Credit under the NAIC Tranche pursuant hereto, with respect to any Affected Lender or Non-NAIC Approved Bank, as applicable, as a Participating L/C Issuer under such Several Letter of Credit, each applicable Limited Fronting Lender, in reliance upon the agreements of such Affected Lender or Non-NAIC Approved Bank, as applicable, as a Participating L/C Issuer set forth in this Section, agrees (A) to issue through the applicable Several L/C Agent, in addition to its own obligations as a NAIC Lender under such Several Letter of Credit, severally such Several Letter of Credit in an amount equal to such Affected Lender’s or Non-NAIC Approved Bank’s, as applicable, NAIC Tranche Applicable Percentage of the stated amount of such Several Letter of Credit (or the portion thereof for which such Limited Fronting Lender has agreed to be a Limited Fronting Lender), and (B) to amend or extend each Several Letter of Credit previously issued by it as a Limited Fronting Lender for such Participating L/C Issuer; and (ii) with respect to any Several Letter of Credit issued by a Limited Fronting Lender pursuant to clause (i) above for a Participating L/C Issuer, such Participating L/C Issuer agrees to purchase participations (as provided in Section 2.20(l)) in the obligations of such Limited Fronting Lender under such Several Letter of Credit attributable to such Participating L/C Issuer for which such Limited Fronting Lender has agreed to act as a Limited Fronting Lender hereunder. Each NAIC Tranche Lender that agrees to act as a Limited Fronting Lender for any other NAIC Tranche Lender shall promptly notify the Administrative Agent (which shall promptly notify the Several L/C Agents) of such agreement and of any termination or expiration of such agreement. In the event that, pursuant to this Section 2.20(k), any other NAIC Tranche Lender agrees to act as a Limited Fronting Lender for any NAIC Tranche Lender that becomes an Affected Lender or a Non-NAIC Approved Bank, such other NAIC Tranche Lender shall receive such compensation therefor as such Affected Lender or Non-NAIC Approved Bank and such other NAIC Tranche Lender may agree. Notwithstanding anything herein to the contrary, no NAIC Tranche Lender shall have any obligation to agree to act hereunder as a Limited Fronting Lender for any other NAIC Tranche Lender.

Limited Fronting Lenders. In the event that any NAIC Tranche Lender agrees (in its sole discretion) to act as a Limited Fronting Lender for any Affected Lender or Non-NAIC Approved Bank upon such terms and conditions as such parties may agree (including fees payable by such Affected Lender or Non-NAIC Approved Bank to such Limited Fronting Lender) (such agreement, a “Limited Fronting Lender Agreement”), the following provisions shall apply (in addition to any other provisions hereof relating to Limited Fronting Lenders): (i) upon the issuance of any Several Letter of Credit under the NAIC Tranche pursuant heretoCredit, with respect to any Affected Lender or Non-NAIC Approved Bank, as applicable, as a Participating L/C Issuer under such Several Letter of Credit, each applicable Limited Fronting Lender, in reliance upon the agreements of such Affected Lender or Non-NAIC Approved Bank, as applicable, as a Participating L/C Issuer set forth in this Section, agrees (A) to issue through the applicable Several L/C Agent, in addition to its own obligations as a NAIC Lender under such Several Letter of Credit, severally such Several Letter of Credit in an amount equal to such Affected Lender’s or Non-NAIC Approved Bank’s, as applicable, NAIC Tranche Applicable Percentage of the stated amount of such Several Letter of Credit (or the portion thereof for which such Limited Fronting Lender has agreed to be a Limited Fronting Lender), and (B) to amend or extend each Several Letter of Credit previously issued by it as a Limited Fronting Lender for such Participating L/C Issuer; and (ii) with respect to any Several Letter of Credit issued by a Limited Fronting Lender pursuant to clause (i) above for a Participating L/C Issuer, such Participating L/C Issuer agrees to purchase participations (as provided in Section 2.20(l)) in the obligations of such Limited Fronting Lender under such Several Letter of Credit attributable to such Participating L/C Issuer for which such Limited Fronting Lender has agreed to act as a Limited Fronting Lender hereunder. Each NAIC Tranche Lender that agrees to act as a Limited Fronting Lender for any other NAIC Tranche Lender shall promptly notify the Administrative Agent (which shall promptly notify the Several L/C Agents) of such agreement and of any termination or expiration of such agreement. In the event that, pursuant to this Section 2.20(k), any other NAIC Tranche Lender agrees to act as a Limited Fronting Lender for any NAIC Tranche Lender that becomes an Affected Lender or a Non-NAIC Approved Bank, such other NAIC Tranche Lender shall receive such compensation therefor as such Affected Lender or Non-NAIC Approved Bank and such other NAIC Tranche Lender may agree. Notwithstanding anything herein to the contrary, no NAIC Tranche Lender shall have any obligation to agree to act hereunder as a Limited Fronting Lender for any other NAIC Tranche Lender.

Limited Fronting Lenders. In the event that any NAIC L/C Tranche Lender agrees (in its sole discretion) to act as a Limited Fronting Lender for any Affected Lender or Non-NAIC Approved Bank upon such terms and conditions as such parties may agree (including fees payable by such Affected Lender or Non-NAIC Approved Bank to such Limited Fronting Lender) (such agreement, a “Limited Fronting Lender Agreement”), the following provisions shall apply (in addition to any other provisions hereof relating to Limited Fronting Lenders): (i) upon the issuance of any Several Letter of Credit under the NAIC Tranche pursuant hereto, with respect to any Affected Lender or Non-NAIC Approved Bank, as applicable, as a Participating L/C Issuer under such Several Letter of Credit, each applicable Limited Fronting Lender, in reliance upon the agreements of such Affected Lender or Non-NAIC Approved Bank, as applicable, as a Participating L/C Issuer set forth in this Section, agrees (A) to issue through the applicable Several L/C Agent, in addition to its own obligations as a NAIC L/C Tranche Lender under such Several Letter of Credit, severally such Several Letter of Credit in an amount equal to such Affected Lender’s or Non-NAIC Approved Bank’s, as applicable, NAIC L/C Tranche Applicable Percentage of the stated amount of such Several Letter of Credit (or the portion thereof for which such Limited Fronting Lender has agreed to be a Limited Fronting Lender), and (B) to amend or extend each Several Letter of Credit previously issued by it as a Limited Fronting Lender for such Participating L/C Issuer; and (ii) with respect to any Several Letter of Credit issued by a Limited Fronting Lender pursuant to clause (i) above for a Participating L/C Issuer, such Participating L/C Issuer agrees to purchase participations (as provided in Section 2.20(l)) in the obligations of such Limited Fronting Lender under such Several Letter of Credit attributable to such Participating L/C Issuer for which such Limited Fronting Lender has agreed to act as a Limited Fronting Lender hereunder. Each NAIC L/C Tranche Lender that agrees to act as a Limited Fronting Lender for any other NAIC L/C Tranche Lender shall promptly notify the Administrative Agent (which shall promptly notify the Several L/C Agents) of such agreement and of any termination or expiration of such agreement. In the event that, pursuant to this Section 2.20(k), any other NAIC L/C Tranche Lender agrees to act as a Limited Fronting Lender for any NAIC L/C Tranche Lender that becomes an Affected Lender or a Non-NAIC Approved Bank, such other NAIC L/C Tranche Lender shall receive such compensation therefor as such Affected Lender or Non-NAIC Approved Bank and such other NAIC L/C Tranche Lender may agree. Notwithstanding anything herein to the contrary, no NAIC L/C Tranche Lender shall have any obligation to agree to act hereunder as a Limited Fronting Lender for any other NAIC L/C Tranche Lender.

Limited Fronting Lenders. In the event that any NAIC Tranche Lender agrees (in its sole discretion) to act as a Limited Fronting Lender for any Affected Lender or Non-NAIC Approved Bank upon such terms and conditions as such parties may agree (including fees payable by such Affected Lender or Non-NAIC Approved Bank to such Limited Fronting Lender) (such agreement, a “Limited Fronting Lender Agreement”), the following provisions shall apply (in addition to any other provisions hereof relating to Limited Fronting Lenders): (i) upon the issuance of any Several Letter of Credit under the NAIC Tranche pursuant hereto, with respect to any Affected Lender or Non-NAIC Approved Bank, as applicable, as a Participating L/C Issuer under such Several Letter of Credit, each applicable Limited Fronting Lender, in reliance upon the agreements of such Affected Lender or Non-NAIC Approved Bank, as applicable, as a Participating L/C Issuer set forth in this Section, agrees (A) to issue through the applicable Several L/C Agent, in addition to its own obligations as a NAIC Lender under such Several Letter of Credit, severally such Several Letter of Credit in an amount equal to such Affected Lender’s or Non-NAIC Approved Bank’s, as applicable, NAIC Tranche Applicable Percentage of the stated amount of such Several Letter of Credit (or the portion thereof for which such Limited Fronting Lender has agreed to be a Limited Fronting Lender), and (B) to amend or extend each Several Letter of Credit previously issued by it as a Limited Fronting Lender for such Participating L/C Issuer; and (ii) with respect to any Several Letter of Credit issued by a Limited Fronting Lender pursuant to clause (i) above for a Participating L/C Issuer, such Participating L/C Issuer agrees to purchase participations (as provided in Section 2.20(l2.01(l)) in the obligations of such Limited Fronting Lender under such Several Letter of Credit attributable to such Participating L/C Issuer for which such Limited Fronting Lender has agreed to act as a Limited Fronting Lender hereunder. Each NAIC Tranche Lender that agrees to act as a Limited Fronting Lender for any other NAIC Tranche Lender shall promptly notify the Administrative Agent (which shall promptly notify the Several L/C Agents) of such agreement and of any termination or expiration of such agreement. In the event that, pursuant to this Section 2.20(k2.01(k), any other NAIC Tranche Lender agrees to act as a Limited Fronting Lender for any NAIC Tranche Lender that becomes an Affected Lender or a Non-NAIC Approved Bank, such other NAIC Tranche Lender shall receive such compensation therefor as such Affected Lender or Non-NAIC Approved Bank and such other NAIC Tranche Lender may agree. Notwithstanding anything herein to the contrary, no NAIC Tranche Lender shall have any obligation to agree to act hereunder as a Limited Fronting Lender for any other NAIC Tranche Lender.