Common use of Reallocation of Risk Participations Clause in Contracts

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 2014 2025 Commitment Termination Date, all risk participations with respect to Letters of Credit issued on or prior to the 2014 2025 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 2026 Banks in accordance with their Pro Rata Share of the 2015 2026 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 2025 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 2026 Credit Exposure of any 2015 2026 Bank exceeding such Bank’s 2015 2026 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 2025 Commitment Termination Date).

Reallocation of Risk Participations. On the 2014 2026 Commitment Termination Date, all risk participations with respect to Letters of Credit issued on or prior to the 2014 2026 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 2027 Banks in accordance with their Pro Rata Share of the 2015 2027 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 2026 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 2027 Credit Exposure of any 2015 2027 Bank exceeding such Bank’s 2015 2027 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 2026 Commitment Termination Date).

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 00000000 Banks in accordance with their Pro Rata Share of the 2015 20152016 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 20152016 Credit Exposure of any 2015 00000000 Bank exceeding such Bank’s 2015 00000000 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).