Reallocation of Risk Participations. On the 2015 Revolving Commitment Maturity Date, all risk participations with respect to Letters of Credit issued on or prior to the 2015 Revolving Commitment Maturity Date pursuant to Section 2.20(e) shall be reallocated to the 2018 Lenders in accordance with their pro rata share of the remaining Revolving Commitments; provided that such reallocation shall only be effected to the extent that it would not result in the Total Exposure of any 2018 Lender exceeding such Lender’s 2018 Revolving Commitment.
Reallocation of Risk Participations. On the 2026 Termination Date, all participating interests with respect to Swingline Loans incurred by the Borrower on or prior to such date shall be reallocated to the 2027 Revolving Lenders in accordance with their pro rata share of the remaining Revolving Commitments; provided that such reallocation shall only be effected to the extent that it would not result in the sum of such Xxxxxx's Revolving Outstandings exceeding such Xxxxxx's 2027 Revolving Commitment; provided further that if the reallocation in the preceding proviso would result in any Lender’s 2027 Revolving Outstandings to exceed such Xxxxxx’s 2027 Revolving Commitment, then all outstanding Swingline Loans shall be immediately repaid in full (and there shall be no adjustment to the participations in such Swingline Loans as a result of the occurrence of the 2026 Termination Date).
Reallocation of Risk Participations. On the 2026 Termination Date, all participation interests with respect to Letters of Credit issued hereunder on or prior to the such date shall be reallocated to the 2027 Revolving Lenders in accordance with their pro rata share of the remaining Revolving Commitments; provided that such reallocation shall only be effected to the extent that it would not result in the Revolving Outstandings of any 2027 Revolving Lender exceeding such Lender’s 2027 Revolving Commitment; provided further that if the reallocation in the preceding proviso cannot, or can only partially, be effected as a result of the limitations set forth herein, the Borrower shall, on the 2026 Termination Date, prepay Revolving Loans so that such reallocation can be fully effectuated and/or cash collateralize any Letter of Credit Liabilities by depositing into a cash collateral account established and maintained (including the investments made pursuant thereto) by the Administrative Agent pursuant to a cash collateral agreement in form and substance satisfactory to the Administrative Agent an amount in cash equal to the then outstanding Letter of Credit Liabilities that are not so reallocated. ARTICLE IV
Reallocation of Risk Participations. On the 2014 Commitment Termination Date, all risk participations with respect to Letters of Credit issued on or prior to the 2014 Commitment Termination Date, and all obligations to make Loans or reimburse the relevant Issuing Bank for any amount drawn under such Letters of Credit, shall be reallocated to the 2015 Banks in accordance with their Pro Rata Share of the 2015 Facility; provided that (i) no such reallocation shall occur if any Default or Event of Default shall have occurred and be continuing (and each 2014 Bank shall continue to be entitled to its Pro Rata Share of the Letter of Credit Fees) and (ii) such reallocation shall only be effected to the extent that it would not result in the 2015 Credit Exposure of any 2015 Bank exceeding such Bank’s 2015 Commitments (and any portion of the risk participation or other obligation not reallocated as a result of this clause (ii) shall terminate on the 2014 Commitment Termination Date).
Reallocation of Risk Participations. On the 2018 Revolving Commitment Termination Date, all risk participations with respect to Letters of Credit issued on or prior to the 2018 Revolving Commitment Termination Date pursuant to Section 2.4(e) shall be reallocated to the 2020 Revolving Lenders in accordance with their Pro Rata Share of the remaining Revolving Commitments; provided that such reallocation shall only be effected to the extent that it would not result in the 2020 Revolving Credit Exposure of any 2020 Revolving Credit Lender exceeding such Lender’s 2020 Revolving Commitment.
Reallocation of Risk Participations. On the 2026 Termination Date, all participation interests with respect to Letters of Credit issued hereunder on or prior to the such date shall be reallocated to the 2027 Revolving Lenders in accordance with their pro rata share of the remaining Revolving Commitments; provided that such reallocation shall only be effected to the extent that it would not result in the Revolving Outstandings of any 2027 Revolving Lender exceeding such Lender’s 2027
Reallocation of Risk Participations. On the 2018 Revolving Commitment Termination Date, all risk participations with respect to Swing Line Loans incurred by the Borrower on or prior to the 2018 Revolving Commitment Termination Date pursuant to Section 2.3(b)(v) shall be reallocated to the 2020 Revolving Lenders in accordance with their Pro Rata Share of the remaining Revolving Commitments; provided that such reallocation shall only be effected to the extent that it would not result in the 2020 Revolving Credit Exposure of any 2020 Revolving Credit Lender exceeding such Lender’s 2020 Revolving Commitment.
Reallocation of Risk Participations. On the 2014 Revolving Commitment Termination Date, all risk participations with respect to Letters of Credit issued on or prior to the 2014 Revolving Commitment Termination Date, and all obligations to make Revolving Credit Loans or L/C Advances pursuant to Section 2.03 to reimburse the relevant L/C Issuer for any amount drawn under such Letters of Credit, shall be reallocated to the 2016 Revolving Credit Lenders in accordance with their Pro Rata Share of the 2016 Revolving Credit Facility; provided that (i) no such reallocation shall occur if any Default or Event of Default shall have occurred and be continuing, including for the avoidance of doubt as a result of the Borrower’s failure to comply with its obligations under Section 2.05(b)(iv) (and each 2014 Revolving Credit Lender shall continue to be entitled to its pro rata share of the L/C Fees, determined by reference to such 2014 Revolving Credit Lender’s share of aggregate L/C Exposure for all outstanding Letters of Credit) and (ii) such reallocation shall only be effected to the extent that it would not result in the 2016 Revolving Credit Exposure of any 2016 Revolving Credit Lender exceeding such Lender’s 2016 Revolving Credit Commitments (and any portion of the risk participation or other obligation not reallocated as a result of this clause (ii) shall terminate on the 2014 Revolving Commitment Termination Date).
Reallocation of Risk Participations. On the Maturity Date with respect to the 2017 Initial Revolving Commitments, all risk participations with respect to Swing Line Loans incurred by the Borrower on or prior to such date shall be reallocated to the 2021 Initial Revolving Lenders in accordance with their pro rata share of the remaining Revolving Commitments; provided that such reallocation shall only be effected to the extent that it would not result in the sum of such Lender’s Outstanding Amount exceeding such Lender’s 2021 Initial Revolving Commitment.
Reallocation of Risk Participations. On the 2020 Commitments Maturity Date, all risk participations with respect to Letters of Credit issued on or prior to the 2020 Commitments Maturity Date, and all obligations to make Loans or L/C Advances pursuant to Section 2.03 to reimburse the L/C Issuer for any amount drawn under such Letters of Credit, shall be reallocated to each 2021 Lender in accordance with such 2021 Lender’s Applicable Percentage (for the avoidance of doubt, after giving effect to the termination of the 2020 Commitments); provided that (i) no such reallocation shall occur if any Default or Event of Default shall have occurred and be continuing (and each 2020 Lender shall continue to be entitled to its Letter of Credit Fees, determined by reference to such 2020 Lender’s share of the Outstanding Amount of the L/C Obligations) and (ii) such reallocation shall only be effected to the extent that it would not result in the Revolving Credit Exposure of any 2021 Lender exceeding the 2021 Commitments of such 2021 Lender (and any portion of the risk participation or other obligation not reallocated as a result of this clause (ii) shall be Cash Collateralized by the Borrower).
