Common use of Reallocation of Risk Participations Clause in Contracts

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).

Appears in 2 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement

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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).. Section 2.03

Appears in 2 contracts

Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/), Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)

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 ’s Revolving Outstandings exceeding such Xxxxxx's Lender’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).. Section 2.03

Appears in 1 contract

Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)

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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 ’s Revolving Outstandings exceeding such Xxxxxx's Lender’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).

Appears in 1 contract

Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)

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