Common use of Reallocation of Participations Clause in Contracts

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. 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 2029 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 2029 Revolving Lender to exceed such 2028 2029 Revolving Lender’s Commitment.