Common use of Replacement Allocations Clause in Contracts

Replacement Allocations. CRA Credits shall not be reallocated except as follows: i. Prepayment, Repayment or Sale of Allocated Assets. If an Investment comprising a CRA Credit allocated to a CRA Preferred Shareholder is either repaid, prepaid, sold or foreclosed (a "Terminated Allocation") within the first 24 months after such Investment is first allocated to a CRA Preferred Shareholder ("Initial 24 Month Period"), then the Trust shall either reallocate a comparable unallocated Investment to the CRA Preferred Shareholder or use its commercially reasonable efforts to replace the Terminated Allocation with a comparable Investment and have it reallocated to the CRA Preferred Shareholder. However, if a Terminated Allocation occurs after the Initial 24 Month Period, the Trust shall have no obligation to replace the Terminated Allocation with a new Investment although such CRA Preferred Shareholder may choose to receive a reallocation from among any then existing but unallocated Investments, subject to the allocation priorities set forth in Section 5.d.

Replacement Allocations. CRA Credits shall not be reallocated except as follows: i. Prepayment(i) PREPAYMENT, Repayment or Sale of Allocated AssetsREPAYMENT OR SALE OF ALLOCATED ASSETS. If an Investment comprising a CRA Credit allocated to a CRA Preferred Shareholder is either repaid, prepaid, sold or foreclosed (a "Terminated AllocationTERMINATED ALLOCATION") within the first 24 months after such Investment is first allocated to a CRA Preferred Shareholder ("Initial INITIAL 24 Month PeriodMONTH PERIOD"), then the Trust shall either reallocate a comparable unallocated Investment to the CRA Preferred Shareholder or use its commercially reasonable efforts to replace the Terminated Allocation with a comparable Investment and have it reallocated to the CRA Preferred Shareholder. However, if a Terminated Allocation occurs after the Initial 24 Month Period, the Trust shall have no obligation to replace the Terminated Allocation with a new Investment although such CRA Preferred Shareholder may choose to receive a reallocation from among any then existing but unallocated Investments, subject to the allocation priorities set forth in Section 5.d.