Reallocation of Participations. On the Existing Commitment Termination Date, if any LC Exposure exists at such time:
Reallocation of Participations. All or any part of such Defaulting Lender’s Revolving Proportionate Share of the Effective Amount of L/C Obligations and Swing Line Loans shall automatically (effective on the day such Lender becomes a Defaulting Lender) be reallocated among the non-Defaulting Lenders in accordance with their respective Revolving Proportionate Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (i) the conditions set forth in Section 4.2 are satisfied at such time (and, unless the Borrowers shall have otherwise notified the Administrative Agent at the time, the Borrowers shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (ii) such reallocation does not cause the sum of (A) the Effective Amount of all Revolving Loans made by such Revolving Lender outstanding at such time and (B) such Revolving Lender’s Total Lender Risk Participation at such time to exceed such Revolving Lender’s Revolving Loan Commitment at such time.
Reallocation of Participations. If any Lender shall become a Defaulting Lender, then, for so long as such Lender remains a Defaulting Lender, any Fronting Exposure shall be reallocated by Administrative Agent at the request of the Swing Line Lender and/or Issuing Lender among the Non-Defaulting Lenders in accordance with their respective Pro Rata Share, but only to the extent such reallocation does not cause the aggregate Revolving Facility Usage of any Non- Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment and only so long as no Default or Event of Default has occurred and is continuing on the date of such reallocation. Subject to Section 12.19, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Xxxxxx having become a Defaulting SMRH:4838-5569-6023.10 -110- Xxxxxx Lease Finance Corporation Fourth Amended and Restated Credit Agreement Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 11.6
Reallocation of Participations. All or any part of such Defaulting Lender’s participation in LC Exposure shall be reallocated among each Non-Defaulting Lender on a pro rata basis, but only to the extent that: (x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation; and (y) such reallocation does not cause the aggregate Revolving Credit Exposure and LC Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s commitment to make Loans and issue Letters of Credit hereunder.
Reallocation of Participations. All or any part of such Defaulting Lender’s Pro Rata Share of the Letter of Credit Usage and Swing Line Loans shall automatically (effective on the day such Lender becomes a Defaulting Lender) be reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (i) the conditions set forth in Section 4.2 are satisfied at such time (and, unless Borrower shall have otherwise notified the Administrative Agent at the time, Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (ii) such reallocation does not cause the Revolving Loan Exposure of such Lender at such time to exceed such Lender’s Revolving Loan Commitment at such time.
Reallocation of Participations. On the 2021 Maturity Date, the participations in each Letter of Credit granted to and acquired by the 2021 Lenders shall, so long as the 2022 Commitments shall remain outstanding, be reallocated to the 2022 Lenders in accordance with such 2022 Lenders’ respective Applicable Percentages (determined after giving effect to the termination of the 2021 Commitments).
Reallocation of Participations. All or any part of each 2027 Revolving Lender’s participation in Letters of Credit and Swingline Loans shall be reallocated on (A) any date on which the Commitment of such 2027 Revolving Lender is reduced or terminated pursuant to Section 2.08(g) and (B) on the 2027 Revolving Commitment Termination Date for such 2027 Revolving Lender, in each case, among the 2028 Revolving Lenders in accordance with their respective Applicable Revolving Dollar Percentages and Applicable Revolving Multicurrency Percentages after giving effect to the reduction of the aggregate Commitments, in each case, subject to the satisfaction of the conditions set forth in Section 4.02 on such date (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), but only to the extent that such reallocation does not cause the aggregate Revolving Credit Exposure of any 2028 Revolving Lender to exceed such 2028 Revolving Lender’s Commitment.
Reallocation of Participations. If any Lender shall become a Defaulting Lender, then, for so long as such Lender remains a Defaulting Lender, any Fronting Exposure shall be reallocated by Administrative Agent at the request of the Swing Line Lender and/or Issuing Lender among the Non-Defaulting Lenders in accordance with their respective Pro Rata Share, but only to the extent such reallocation does not cause the aggregate Revolving Facility Usage of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment and only so long as no Default or Event of Default has occurred and is continuing on the date of such reallocation. Subject to 104
Reallocation of Participations. Effective on the date hereof, the participations in the Letters of Credit and Swing Loans, if any, under the Loan Agreement shall be adjusted to give effect to any change in the Revolving Loan Commitment Percentage of each Lender as a result of this Amendment.
Reallocation of Participations. All or any part of such Defaulting Lender’s Fronted Letter of Credit Exposure shall be automatically reallocated (effective on the day such Lender becomes a Defaulting Lender) among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. Subject to Section 10.16, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.
