Common use of Other Reorganizations Clause in Contracts

Other Reorganizations. (a) Each of Excelsior Funds, Inc. and Excelsior Funds Trust hereby severally represents and warrants to the Banks and the Agents that on March 31, 2008 each Series of such Entity listed on Schedule B attached hereto intends to reorganize its assets into a newly established series (each, a “New Series”) of the Columbia Funds Series Trust I as indicated on such schedule, with such New Series being the survivor of such reorganization (each, a “Reorganization”). The Columbia Funds Series Trust I, on behalf of each New Series, shall be referred to herein as a “New Borrower”. In connection with the foregoing, the Borrowers hereby request that each New Borrower become a Borrower under the Credit Agreement and the other Loan Documents for all purposes.