Reallocation of Revolving Commitments Sample Clauses
Reallocation of Revolving Commitments. (a) The Revolving Commitment of each Lender as of the date hereof is amended to equal the amount set forth opposite such Lender’s name on Schedule I attached hereto. Immediately upon the effectiveness of this Agreement, each Lender with a Revolving Commitment (including each New Lender with a Revolving Commitment) is deemed to have purchased from (x) the Issuing Bank a risk participation in each outstanding Letter of Credit issued by the Issuing Bank in an amount equal to the product of such Lender’s Revolving Commitment Percentage times the amount of such Letter of Credit and (y) the Swing Line Lender a risk participation in each outstanding Swing Line Loan in an amount equal to the product of such Lender’s Revolving Commitment Percentage times the amount of such Swing Line Loan.
(b) Each Lender with a net increase in Revolving Credit Exposure after giving effect to this Agreement shall make Revolving Loans on the date hereof, the proceeds of which shall be used by the Administrative Agent to repay outstanding Revolving Loans of any Lender with a net decrease in Revolving Credit Exposure after giving effect to this Agreement, in each case, in an amount necessary such that after giving effect thereto each Lender holds its Revolving Commitment Percentage of the outstanding Revolving Loans and the Borrowers shall pay any amounts required pursuant to Section 2.23 of the Credit Agreement as a result of any such prepayment of Revolving Loans of Lenders with a net decrease in Revolving Credit Exposure. CHAR1\1715384v6
Reallocation of Revolving Commitments. On the Fifth Amendment Effective Date, the Borrower, the Existing Revolving Lenders and the New Revolving Lenders agree that (1) there shall be an automatic termination of the total Revolving Commitments in excess of $1,000,000,000; (2) the Total Revolving Commitments shall be $1,000,000,000, consisting of $985,600,000 of Extended Revolver Commitments and $14,400,000 of Non-Extended Revolver Commitments and (3) each New Revolving Lender shall become a Revolving Lender under the Credit Agreement (as amended hereby). SECTION
Reallocation of Revolving Commitments. Not more than once per fiscal quarter, the Domestic Borrower may, at its option, elect to reallocate the Aggregate Revolving Committed Amount between the Aggregate Domestic Revolving Committed Amount and the Aggregate Foreign Revolving Committed Amount; provided that (i) the Domestic Borrower shall give ten Business Days written notice to the Administrative Agent of its reallocation election, which notice shall include the reallocated Aggregate Domestic Revolving Committed Amount and the reallocated Aggregate Foreign Revolving Committed Amount and the reallocation date, (ii) the reallocated Aggregate Domestic Revolving Committed Amount plus the reallocated Aggregate Foreign Revolving Committed Amount shall not exceed the Aggregate Revolving Committed Amount, (iii) the Borrowers would be in compliance with the financial covenants set forth in Section 8.12 on a Pro Forma Basis as of the most recent fiscal quarter end for which the Domestic Borrower was required to deliver financial statements pursuant to Section 7.01(a) or (b); (iv) each of the conditions to Credit Extensions set forth in Section 5.02 shall have been satisfied as of the reallocation date, and (v) if there are any Revolving Loans outstanding at the time of such reallocation, the Borrowers shall make such payments and adjustments on the Revolving Loans (including any breakage or other amounts owing pursuant to Section 3.05) as may be necessary pursuant to Section 2.06(b)(i) to give effect to the reallocated Aggregate Domestic Revolving Committed Amount and reallocated Aggregate Foreign Revolving Committed Amounts.
Reallocation of Revolving Commitments. Each of the Administrative Agent, the Swing Line Lender, each L/C Issuer, each Revolving Lender party hereto (including, without limitation, each Incremental Revolving Lender) and the Company hereby acknowledges and agrees that the Revolving Commitments and Applicable Percentages with respect thereto of each Revolving Lender as set forth on the applicable section of Schedule 2.01 of Annex B attached hereto are the Revolving Commitments and Applicable Percentages with respect thereto of such Lender as of the date hereof after giving effect to this Amendment. Each Lender under the Revolving Facility shall on the date hereof make such assignments (which assignments shall not be subject to the requirements set forth in Section 10.06(b) of the Amended Credit Agreement) of the outstanding Revolving Loans and participation interests in Letters of Credit and Swing Line Loans under the Revolving Facility to the Incremental Revolving Lenders, and the Administrative Agent may make such adjustments to the Register, as are necessary so that, after giving effect to such assignments and adjustments, each Lender under the Revolving Facility (including the Incremental Revolving Lenders) will hold Revolving Loans and participation interests in Letters of Credit and Swing Line Loans under the Revolving Facility equal to its pro rata share thereof.
Reallocation of Revolving Commitments. If an existing Revolving Credit Lender is increasing its Revolving Commitment, such Revolving Credit Lender shall as of the Amendment No. 2 Effective Date purchase and assume from the other Revolving Credit Lenders its pro rata share of the Revolving Commitments (determined with respect to the Revolving Credit Lenders’ respective Revolving Commitments and after giving effect to the increase or decrease of the Revolving Commitments of each Revolving Credit Lender, as applicable) of any outstanding Revolving Loans, by making available to the Administrative Agent for the account of such other Revolving Credit Lenders, in same day funds, an amount equal to (A) the portion of the outstanding principal amount of such Revolving Loans to be purchased and assumed by such Revolving Credit Lender, plus (B) interest accrued and unpaid to and as of such date on such portion of the outstanding principal amount of such Revolving Loans. The assignment and assumption of each Revolving Credit Lender pursuant to this Section, as applicable, shall be subject to the terms and conditions of the Assignment and Assumption. The immediately preceding sentence shall be self-operative without further documentation. The Borrower shall pay to the Revolving Lenders amounts payable, if any, to such Revolving Lenders under the Loan Documents (including, without limitation, Article III of the Existing Credit Agreement) as a result of the prepayment of any such Revolving Loans. As of the Amendment No. 2 Effective Date, each Person listed on Schedule 2.01 attached to this Agreement shall be a Revolving Credit Lender under the Existing Credit Agreement with the Revolving Commitments set forth opposite its name on such Schedule 2.01.
Reallocation of Revolving Commitments