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.
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Samples: Amendment Agreement, Amendment Agreement (Foresight Energy Partners LP)
Reallocation of Revolving Loans. (a) Upon the Amendment Effective Date and the increase in the Revolving Credit Commitment of the Original New Lenders as contemplated hereby, the Original New Lenders shall be deemed to have made make Revolving Credit Loans to the Borrower and the Borrower shall be deemed to have prepaid prepay outstanding Revolving Credit Loans with the proceeds thereof in an amount such that, after giving effect to such prepayment, the percentage of the Revolving Credit Loans held by each Original Lender and each New 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, accrued interest on the Revolving Credit Loans under the Original Credit Agreement accrued as being prepaid and any other amounts payable to any Lender in accordance with Section 3.05 of the Amendment Effective Date, it being agreed Amended and understood that the then current Interest Period applicable to outstanding Eurocurrency Rate Loans shall continueRestated Credit Agreement.
(b) Upon the Amendment Effective Date and the increase in the Revolving Credit Commitments as contemplated hereby, (i) each Original Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to the Revolving LendersNew Lender, and the Revolving Lenders New Lender will automatically and without further act be deemed to have assumed, a pro rata 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.
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Reallocation of Revolving Loans. In accordance with Section 2.20(d) of the Credit Agreement, (a) Upon on each of the Amendment Primary Effective Date and the increase in Secondary Effective Date, each Incremental Revolving Facility Lender that is increasing its Revolving Credit Commitments on such date pursuant to this Agreement shall make available to the Administrative Agent on such date, as Revolving Loans, such amounts for application by way of prepayment of Revolving Loans of the Revolving Credit Facility Lenders outstanding immediately prior to the Primary Effective Date or the Secondary Effective Date, as applicable, so that after giving effect to the Commitment Increase made on such date, all of the Original Revolving Loans will be held by the Revolving Facility Lenders as contemplated herebyon a pro rata basis in accordance with their respective Pro Rata Shares (after giving effect to the applicable Incremental Revolving Facility Revolving Commitments of each such Incremental Revolving Facility Lender), the Original Lenders (b) each Revolving Facility Lender 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 acquired from each Issuing Bank a participation in an amount such that, after giving effect each Letter of Credit equal 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 Facility Lender’s Revolving Credit Commitment Pro Rata Share (after giving effect to the increase in Commitment Increase) of the Revolving Credit Commitments as contemplated hereby. The aggregate amount available to be drawn under such Letter of Credit, and (c) the Borrower shall pay to the Administrative Agent on the Amendment Effective Date, applicable Revolving Facility Lenders any amounts payable in respect of any such prepayment in accordance with Section 2.16 (with any prepayment of any Revolving Loans of any Lender pursuant to clause (a) above being deemed a prepayment for the account purposes of Section 2.16 of the Originals Lenders, interest on Credit Agreement). The amounts made available by the Incremental 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 Facility Lenders pursuant to outstanding Eurocurrency Rate Loans clause (a) above 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 be 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 for all purposes 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 herebyLoan Documents.
(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.
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Samples: Incremental Assumption Agreement (Affinion Group, Inc.)