Common use of Reallocation of Participations Clause in Contracts

Reallocation of Participations. On the Existing Commitment Termination Date, if any LC Exposure exists at such time: (i) all of such LC Exposure held by the Non-Extending Lenders shall be reallocated among the remaining Lenders in accordance with their respective Applicable Dollar Percentages or Applicable Multicurrency Percentages, as the case may be, but only to the extent (x) the sum of all Revolving Credit Exposures (other than Loans of Non-Extending Lenders) does not exceed the total of all Extending Lenders’ Commitments, (y) no Extending Lender’s Revolving Credit Exposure will exceed such Lender’s Commitment, and (z) the conditions set forth in Section 4.02 are satisfied at such time; and (ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall on the Existing Commitment Termination Date prepay Loans in accordance with Section 2.10(a) in an amount such that after giving effect thereto, all LC Exposure of the Non-Extending Lenders could be reallocated in accordance with clause (i) above (whereupon such LC Exposure shall be so reallocated regardless of whether the conditions set forth in Section 4.02 are satisfied at such time).

Reallocation of Participations. On the Existing Commitment Termination Date, if any LC Exposure exists at such time: (i) all of such LC Exposure held by the Non-Extending Lenders shall be reallocated among the remaining Lenders in accordance with their respective Applicable Dollar Percentages or Applicable Multicurrency Percentages, as the case may be, but only to the extent (x) the sum of all Revolving Credit Exposures (other than Loans of Non-Extending Lenders) does not exceed the total of all Extending Lenders’ Commitments, (y) no Extending Lender’s Revolving Credit Exposure will exceed such LenderXxxxxx’s Commitment, and (z) the conditions set forth in Section 4.02 are satisfied at such time; and (ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall on the Existing Commitment Termination Date prepay Loans in accordance with Section 2.10(a) in an amount such that after giving effect thereto, all LC Exposure of the Non-Extending Lenders could be reallocated in accordance with clause (i) above (whereupon such LC Exposure shall be so reallocated regardless of whether the conditions set forth in Section 4.02 are satisfied at such time).