Reallocation of Revolving Loans. (a) Upon the Amendment Effective Date and the increase in the Revolving Credit Commitment of the Original Lenders as contemplated hereby, the Original Lenders shall be deemed to have made Revolving Loans to the Borrower and the Borrower shall be deemed to have prepaid outstanding Revolving Loans with the proceeds thereof in an amount such that, after giving effect to such prepayment, the percentage of the Revolving Loans held by each Original Lender will equal the percentage of the aggregate Revolving Credit Commitments of all Revolving Lenders represented by such Revolving Lender’s Revolving Credit Commitment after giving effect to the increase in the Revolving Credit Commitments as contemplated hereby. The Borrower shall pay to the Administrative Agent on the Amendment Effective Date, for the account of the Originals Lenders, interest on the Revolving Loans under the Original Credit Agreement accrued as of the Amendment Effective Date, it being agreed and understood that the then current Interest Period applicable to outstanding Eurocurrency Rate Loans shall continue.
(b) Upon the Amendment Effective Date and the increase in the Revolving Credit Commitments as contemplated hereby, each Original Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to the Revolving Lenders, and the Revolving Lenders will automatically and without further act be deemed to have assumed, a portion of such Original Lenders’ participations under the Original Credit Agreement in outstanding Letters of Credit and Swing Line Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (A) participations under the Second Amended and Restated Credit Agreement in Letters of Credit and (B) participations under the Second Amended and Restated Credit Agreement in Swing Line Loans held by each Revolving Lender will equal the percentage of the aggregate Revolving Credit Commitments held by such Revolving Lender after giving effect to the increase in the Revolving Credit Commitments as contemplated hereby.
(c) Each Original Lender hereby agrees and confirms that upon the occurrence of the Amendment Effective Date, the respective Revolving Credit Commitments of each such Original Lender shall be as set forth in Schedule I to the Second Amended and Restated Credit Agreement.
Reallocation of Revolving Loans. The parties hereto hereby acknowledge and agree that, pursuant to and in accordance with Section 2.19(c) of the Credit Agreement, in connection with the closing of the Revolving Facility Increase under this Amendment, on the First Amendment Effective Date, the outstanding Revolving Loans and Participation Interests shall be reallocated by causing such fundings and repayments (through the Administrative Agent) among each of the Lenders having a Revolving Commitment prior to such date and the Lenders acquiring a Revolving Commitment (pursuant to this Amendment) as necessary such that, after giving effect to this Amendment and the Revolving Facility Increase effectuated hereunder, each Lender will hold Revolving Loans and Participation Interests based on its Revolving Commitment Percentage set forth on Schedule 2.1(a) (after giving effect to such Revolving Facility Increase).
Reallocation of Revolving Loans. In connection with the closing of any Revolving Facility Increase, the outstanding Revolving Loans and Participation Interests shall be reallocated by causing such fundings and repayments among the Lenders of Revolving Loans as necessary such that, after giving effect to such Revolving Facility Increase, each Lender will hold Revolving Loans and Participation Interests based on its Revolving Commitment Percentage (after giving effect to such Revolving Facility Increase).
Reallocation of Revolving Loans. In connection with the closing of any Revolving Facility Increase, the outstanding Revolving Loans and Participation Interests shall be reallocated by causing such fundings and repayments among the Lenders of Revolving Loans as necessary such that, after giving effect to such Revolving Facility Increase, each Lender will hold Revolving Loans and Participation Interests based on its Revolving Commitment Percentage (after giving effect to such Revolving Facility Increase); provided that (i) such reallocations and repayments shall not be subject to any processing and/or recordation fees and (ii) the Borrower shall be responsible for any costs arising under Section 2.14 resulting from such reallocation and repayments.
Reallocation of Revolving Loans. With respect to any Revolving Lender, on any date on which
(a) the aggregate outstanding principal amount of all Revolving Loans of such Revolving Loan Lender, together with such Lender’s Revolving Loan Percentage of the aggregate amount of all Swing Line Loans, is less than such Lender’s Revolving Loan Percentage of the then Revolving Loan Commitment Amount, such Revolving Loan Lender shall make a Revolving Loan to the Borrower in an amount of such deficiency; provided that the proceeds of such Revolving Loans shall not be funded to the Borrower, but instead shall be applied by the Administrative Agent to make mandatory repayments required under clause (b) below; and
(b) the aggregate outstanding principal amount of all Revolving Loans of such Revolving Loan Lender, together with such Lender’s Revolving Loan Percentage of the aggregate amount of all Swing Line Loans, exceeds such Lender’s Revolving Loan Percentage of the then existing Revolving Loan Commitment Amount, the Borrower shall make a mandatory repayment of such Revolving Loan Lender’s Revolving Loans in an amount equal to such excess (and if there is more than one Lender that this clause (b) applies to, such payments shall be made to all such Lenders on a pro rata basis).
Reallocation of Revolving Loans. As of the Closing Date,
Reallocation of Revolving Loans. In connection with the effectiveness of this Agreement and any borrowings or extensions of Revolving Loans made on the Closing Date, each Lender (other than the Exiting Lender) shall advance, purchase and/or continue Revolving Loans in an aggregate amount not less than its Pro Rata Share of Revolving Commitments on the Closing Date, which Revolving Loans shall be disbursed to Administrative Agent and used to repay Loans outstanding to each Lender who holds Revolving Loans in an aggregate amount greater than its Revolving Commitment as of the Closing Date.
Reallocation of Revolving Loans. The parties hereto hereby acknowledge and agree that in connection with the increase in Revolving Commitments under this Amendment, on the Fifth Amendment Effective Date, the outstanding Revolving Loans and Participation Interests shall be reallocated by causing such fundings and repayments (through the Administrative Agent) among each of the Lenders having a Revolving Commitment prior to such date and the Lenders acquiring a Revolving Commitment (pursuant to this Amendment) as necessary such that, after giving effect to this Amendment and the Revolving Facility Increase effectuated hereunder, each Lender will hold Revolving Loans and Participation Interests based on its Revolving Commitment Percentage set forth on Schedule 2.1(a) to the Credit Agreement (after giving effect to such increase in the Revolving Commitments).
Reallocation of Revolving Loans. Pursuant to this Amendment, upon the effectiveness hereof, the aggregate amount of the Revolving Commitments will be decreased and, as a result, any Revolving Loans outstanding on the date hereof may not be held pro rata by the Lenders in accordance with their respective Revolving Commitments. To remedy the foregoing, on date hereof, to the extent any Revolving Loans are then outstanding, the Administrative Agent is authorized to reallocate the Revolving Loans (the “Reallocated Loans”) so that after giving effect to this Amendment the Revolving Loans will be held by all the Lenders pro rata in accordance with their respective Revolving Commitments. From and after the date hereof, the Administrative Agent shall make all payments in respect of the Reallocated Loans (including payments of interest, fees, and other amounts) to the respective Lenders that held such Reallocated Loans prior to the date hereof for amounts which have accrued to but excluding the date hereof and to the respective Lenders that held such Reallocated Loans on and after the date hereof for amounts which have accrued from and after the date hereof. If any Reallocated Loans are reallocated as set forth above on any day other than on the last day of an Interest Period applicable thereto, the Borrower shall pay each Lender the amount that would be payable under Section 1.9 of the Credit Agreement as if such Reallocated Loans had been prepaid on the date hereof.
