Reallocation of Loans. After giving effect to this Agreement and any Loans made on the Effective Date, (i) each Lender who holds Loans in an aggregate amount less than its Applicable Percentage (after giving effect to this Agreement) of all Loans shall advance new Loans that shall be disbursed to the Administrative Agent and used to repay Loans outstanding to each Lender who holds Loans in an aggregate amount greater than its Applicable Percentage of Loans, (ii) each Lender’s participation in each Letter of Credit, if any, shall be automatically adjusted to equal its Applicable Percentage (after giving effect to this Agreement), and (iii) such other adjustments shall be made as the Administrative Agent shall specify so that each Lender’s Revolving Credit Exposure equals its Applicable Percentage (after giving effect to this Agreement) of the aggregate Loans of all Lenders. For the avoidance of doubt, payments effected between or among the Lenders pursuant to this Section 2.01(b) shall not be subject to the provisions of Sections 3.04(a) and (b)
Reallocation of Loans. On the occurrence of the Refinancing, (a) each Bank that, as a result of the adjustment of the Pro Rata Shares, is to have a greater principal amount of Loans outstanding than such Bank had outstanding immediately prior to the occurrence of the Refinancing shall, if requested by the Agent, deliver to the Agent immediately available funds to cover such Loans (and the Agent shall, to the extent of the funds so received and the funds received from any Banks that are not parties to the Original Credit Agreement, disburse funds to each Bank that, as a result of such adjustment of the Pro Rata Shares, is to have a lesser principal amount outstanding than such Bank had outstanding under the Original Credit Agreement), and (b) immediately prior to the Refinancing each Bank that is not a party to the Original Credit Agreement shall deliver to the Agent immediately available funds to cover its Loans that will equal such Bank's Pro Rata Share of the aggregate principal amount outstanding under this Agreement immediately after the occurrence of the Refinancing.
Reallocation of Loans. Notwithstanding anything to the contrary herein, (i) in connection with the reduction or termination of any Non-Extending Lender’s Commitments in accordance with Section 2.08(f) on any date prior to the Non-Extended Commitment Termination Date for such Non-Extending Lender, the Borrower shall be permitted to request a Loan to be made ratably among the Extending Lenders and Non-Extending Lenders for which the Non-Extended Commitment Termination Date shall not have occurred who are in the same Class of Commitment as such Non-Extending Lender in accordance with the provisions of Sections 2.02, 2.03 and 2.17(c) in an amount up to the amount by which such Non-Extending Lender’s Revolving Dollar Credit Exposure or Revolving Multicurrency Credit Exposure, as applicable, would otherwise exceed such Non-Extending Lender’s Applicable Dollar Percentage or Applicable Multicurrency Percentage, as applicable, of the Dollar Credit Exposure or Multicurrency Credit Exposure, as applicable, after giving effect to such Commitment reduction or termination and (ii) on any date following the Non-Extended Commitment Termination Date for any Non-Extending Lender until the Extended Commitment Termination Date, the Borrower shall be permitted to request a Loan to be made ratably among the Extending Lenders and Non-Extending Lenders for which the Non-Extended Commitment Termination Date shall not have occurred who are in the same Class of Commitment as such Non-Extending Lender in accordance with Sections 2.02, 2.03 and 2.17(c) in an amount up to the Revolving Credit Exposure of each Non-Extending Lender for which the Non-Extended Commitment Termination Date shall have occurred, in each case of the foregoing clauses (i) and (ii), so long as (x) the conditions set forth in Section 4.02 are satisfied (and, unless Borrower shall have otherwise notified the Administrative Agent at such time, Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), (y) such Borrowing does not cause (I) the aggregate Revolving Credit Exposure of any Extending Lender to exceed such Extending Lender’s Commitment, (II) the aggregate Revolving Dollar Credit Exposure of all of the Dollar Lenders with Dollar Commitments then in effect to exceed the aggregate Dollar Commitments at such time or (III) the aggregate Revolving Multicurrency Credit Exposure of all of the Multicurrency Lenders with Multicurrency Commitments then in effect to exceed the aggregate Mult...
Reallocation of Loans. Amounts Outstanding Under the Original Credit Agreement Deemed to Be Loans Under This Agreement..................................17
Reallocation of Loans. On the Effective Date, immediately following or substantially contemporaneously with the Prepayment described in Section 2.9 hereof, the Borrower shall (A) prepay the Loans (if any) that are outstanding immediately prior to the Effective Date in full (other than any Loans that have already been prepaid pursuant to Section 2.9) and (B) simultaneously borrow new Loans under the Credit Agreement in an amount equal to such prepayment; provided that with respect to subclauses (A) and (B), (x) the prepayment to, and borrowing from, any Lender may, at the discretion of the Administrative Agent, be effected by book entry to the extent that any portion of the amount prepaid to such Lender will be subsequently borrowed from such Lender and (y) the Lenders shall make and receive payments among themselves, as administered by and in a manner acceptable to the Administrative Agent, so that, after giving effect thereto, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (as set forth in Schedule 1.01(c) of the Credit Agreement). Each of the Lenders agrees to waive repayment of the amounts, if any, payable under Section 2.14 of the Credit Agreement as a result of, and solely in connection with, any such prepayment. Concurrently therewith, the Lenders shall be deemed to have adjusted their participation interests in any outstanding Letters of Credit so that such interests are held ratably in accordance with their commitments as so revised.
Reallocation of Loans. Promptly following the effectiveness of this Amendment and the delivery to each Bank, as applicable, of its Note in the amount of its Loan Commitment as set forth in Exhibit A hereto, the Agent shall coordinate with each of the Banks to provide for (a) funding of Loans to the Borrowers under the Credit Agreement, as amended, equal to its proportionate share of the aggregate principal amount of Loans then outstanding to the Borrowers based on its Commitment Percentage in effect as a result of this Amendment, and (b) application of the proceeds of such Loans to repayment to the other Banks, in their individual capacities, of Loans by each of them then in effect such that the aggregate Loans of each Bank shall not exceed the proportionate share of each Bank based on its Commitment Percentage applied to the aggregate principal amount of outstanding Loans by the Banks to the Borrowers on such date.
Reallocation of Loans. In connection with the increase in Commitments, evidenced by the revised Schedule 1.1(B), the Agent shall reallocate the outstanding Loans among the Banks, subject to the Borrowers’ obligation under Section 4.6.2 [Indemnity] of the Credit Agreement on the Amendment No. 6
Reallocation of Loans. On the Restatement Effective Date, Borrower shall (A) prepay the Existing Loans in full and (B) simultaneously borrow new Loans hereunder in an amount equal to such prepayment; provided that with respect to subclauses (A) and (B), (x) the prepayment to, and borrowing from, any Existing Lender shall be effected by book entry to the extent that any portion of the amount prepaid to such Existing Lender will be subsequently borrowed from such Existing Lender and (y) the Existing Lenders shall make and receive payments among themselves, in a manner acceptable to the Administrative Agent, so that, after giving effect thereto, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (as set forth in Schedule 1.01(b)). Each of the Lenders agrees to waive repayment of the amounts, if any, payable under Section 2.13 as a result of, and solely in connection with, any such prepayment.
Reallocation of Loans. The parties hereto agree that within thirty (30) days of the Effective Date, the Administrative Agent will reallocate the outstanding Loans and participations in Letters of Credit under the Credit Agreement in accordance with Section 2.15(d) of the Credit Agreement.
Reallocation of Loans. (a) As of the Closing Date,
(i) the Pro Rata Share of each Lender shall be immedi ately adjusted based upon the application of the definition of "Pro Rata Share" with respect to each Lender's new Term Loan Commitment and Revolving Loan Commitment as of the Closing Date after giving effect to this Agreement;
(ii) each Lender listed on the signatures pages of this Agreement that was not a party to the Original Credit Facility shall become a party to this Agreement; and
(iii) each Lender that was a party to the Original Credit Facility whose Pro Rata Share becomes 0% after giving effect to this Agreement shall, upon the occurrence thereof and the reallocation of Loans in accordance with the terms of Section 10.13(b), cease to be a Lender party to this Agreement, and all accrued fees and other amounts payable under the Original 100 107 Credit Facility for the account of such Lender shall be due and payable on such date; provided, however, that the provisions of Sections 2.16, 2.17, 2.18, 2.19, 9.7 and 10.1 shall continue to inure to the benefit of such Lender.
(b) As of the Closing Date,
(i) each Lender that, as a result of the adjustment of its Pro Rata Share, is to have a greater principal amount of Loans outstanding than such Lender had outstanding immediately prior to giving effect to this Agreement shall, if requested by the Agent, deliver to the Agent immediately avail able funds to cover such Loans (and the Agent shall, to the extent of the funds so received and the funds received from any Lenders that are not parties to the Original Credit Facility, disburse funds to each Lender that, as a result of such adjustment of the Pro Rata Shares, is to have a lesser principal amount outstand ing than such Lender had outstanding under the Original Credit Agreement); and
(ii) immediately prior to giving effect to this Agreement, each Lender that is not a party to the Original Credit Facility shall deliver to the Agent immediately available funds to cover its Loans that will equal such Bank's Pro Rata Share of the aggregate amount of Obligations outstanding under this Agreement immediately after giving effect to this Agreement.
(c) The principal amounts of Loans outstanding under the Original Credit Facility immediately prior to giving effect to this Agreement to each Lender that is a party thereto shall be deemed to be Loans made by that Lender hereunder (as reallocated pursuant to this Section 10.13(b)). Each Letter of Credit issued under the Original Credit Fa...
