Common use of Reports to Administrative Agent Clause in Contracts

Reports to Administrative Agent. Within seven (7) days after the end of each calendar month ending after the Closing Date, so long as any Letter of Credit shall have been outstanding during such calendar quarter, each L/C Issuer shall deliver to the Administrative Agent a report setting forth the average for such calendar month of the daily maximum amount available to be drawn under the Letters of Credit issued by such L/C Issuer that were outstanding during such calendar month. Notwithstanding anything else to the contrary herein, if any Lender is a Non-Funding Lender or Impacted Lender, no L/C Issuer shall be obligated to issue any Letter of Credit unless (i) the Non-Funding Lender or Impacted Lender has been replaced in accordance with subsection 2.9 or subsection 10.1, (ii) the portion of Letter of Credit Usage attributable to such Non-Funding Lender or Impacted Lender has been cash collateralized, (iii) the Revolving Loan Commitments of the other Revolving Lenders have been increased by an amount sufficient to satisfy the Administrative Agent that all future draws on the Letters of Credit will be covered by all Revolving Lenders that are not Non-Funding Lenders or Impacted Lenders, or (iv) the portion of Letter of Credit Usage attributable to such Non-Funding Lender or Impacted Lender has been reallocated to other Revolving Lenders in a manner consistent with subsection 2.1D(d)(ii).