Common use of Reallocation of Participations Clause in Contracts

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. If All or any Lender shall become a part of such Defaulting Lender, then, for so long as such Lender remains a Defaulting Lender, any Fronting Exposure ’s participation in Letter of Credit Liabilities and Swing Line Loans 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, Revolving Loan Commitment Percentage (calculated without regard to such Defaulting Lender’s Revolving Loan Commitment Amount) but only to the extent that (x) the conditions set forth in Section 7.2 are satisfied at the time of such reallocation (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), and (y) such reallocation does not cause the aggregate Revolving Facility Usage Loan Outstandings of any Non- Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Loan Commitment and only so long as no Default or Event of Default has occurred and is continuing on the date of such reallocationAmount. Subject to Section 12.19, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Xxxxxx Lender 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-Non- Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 11.6.

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- 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 LenderXxxxxx’s increased exposure following such reallocation. 11.6

Reallocation of Participations. If All or any Lender shall become a part of such Defaulting Lender, then, for so long as such Lender remains a Defaulting Lender, any Fronting Exposure ’s participation in Letter of Credit Liabilities and Swing Line Loans 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, Revolving Loan Commitment Percentage (calculated without regard to such Defaulting Lender’s Revolving Loan Commitment Amount) but only to the extent that (x) the conditions set forth in Section 7.2 are satisfied at the time of such reallocation (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), and (y) such reallocation does not cause the aggregate Revolving Facility Usage Loan Outstandings of any Non- Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Loan Commitment and only so long as no Default or Event of Default has occurred and is continuing on the date of such reallocationAmount. Subject to Section 12.19, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Xxxxxx Lender 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.