Common use of Reallocation of Risk Participations Clause in Contracts

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 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.