Redistributions under the NBC Facility Sample Clauses

Redistributions under the NBC Facility. If at any time the aggregate amount of the Obligations under the NBC Facility (the “Redistribution Amount”) exceeds $20,000,000 the following provisions shall apply: (a) the Agent shall give notice to the Borrower of the Redistribution Amount; (b) upon the giving of such notice, the Borrower shall be deemed to have requested an Advance under the Revolving Facility in an amount equal to the Redistribution Amount (the “Redistribution Advance”) and the Borrower shall be deemed to have directed the Agent to pay the Redistribution Advance to NBC to repay the Redistribution Amount; (c) the Redistribution Advance shall be a Prime Rate Loan unless the Borrower, NBC and the Agent shall agree upon another Type of Advance; (d) the Agent will determine the respective share of the Redistribution Amount of each Lender under the Revolving Facility (which shall not exceed each Lender’s Commitment Percentage under the Revolving Facility) and will give notice to each such Lender of its respective share of the Redistribution Advance; (e) each Lender under the Revolving Facility shall advance to the Agent its respective share of the Redistribution Advance as determined in paragraph (c) above; (f) the Agent shall, upon receipt from each Lender under the Revolving Facility of its respective share of the Redistribution Advance, advance the Redistribution Advance to NBC in repayment of the Redistribution Amount; and (g) the Borrower shall be obliged to repay outstanding Advances under the Revolving Facility in accordance with the provisions of this Agreement in the rateable shares amongst the Revolver Lenders as adjusted pursuant to this Section.