Common use of Risk Participation Clause in Contracts

Risk Participation. The Letter of Credit Issuer hereby agrees that it will sell simultaneously with the issuance of each Letter of Credit, and each other Lender hereby agrees that it will buy simultaneously with the issuance of each Letter of Credit (subject to the following sentence) a participation in any payment which the Letter of Credit Issuer makes for the account of the Borrowers under any such Letter of Credit for which payment the Letter of Credit Issuer is not otherwise immediately reimbursed by the Borrowers in an amount equal to such Lender’s Ratable Portion. The aggregate principal amount of all outstanding Revolving Credit Loans of such Lender, plus such Lender’s aggregate Risk Participation Exposure (after taking into effect such Lender’s Ratable Portion of the risk participation created under this Section 5.2) shall not exceed such Lender’s Commitment in effect from time to time. The sale of the risk participation by the Letter of Credit Issuer and the purchase thereof by each Lender, respectively, shall occur simultaneously with and shall be evidenced by each Letter of Credit.

Risk Participation. The Letter of Credit Issuer hereby agrees that it will sell simultaneously with the issuance of each Letter of Credit, and each other Lender hereby agrees that it will buy simultaneously with the issuance of each Letter of Credit (subject to the following ​ 1095144433\6\AMERICAS ​ sentence) a participation in any payment which the Letter of Credit Issuer makes for the account of the Borrowers under any such Letter of Credit for which payment the Letter of Credit Issuer is not otherwise immediately reimbursed by the Borrowers in an amount equal to such LenderXxxxxx’s Ratable Portion. The aggregate principal amount of all outstanding Revolving Credit Loans of such Lender, plus such LenderXxxxxx’s aggregate Risk Participation Exposure (after taking into effect such LenderXxxxxx’s Ratable Portion of the risk participation created under this Section 5.2) shall not exceed such LenderXxxxxx’s Commitment in effect from time to time. The sale of the risk participation by the Letter of Credit Issuer and the purchase thereof by each Lender, respectively, shall occur simultaneously with and shall be evidenced by each Letter of Credit.

Risk Participation. The Letter of Credit Issuer Bank hereby agrees that it will sell simultaneously with the issuance of each Letter of Credit, and each other Lender Bank hereby agrees that it will buy simultaneously with the issuance of each Letter of Credit (subject to the following sentence) a participation in any payment which the Letter of Credit Issuer Bank makes for the account of the Borrowers Borrower under any such Letter of Credit or acceptance for which payment the Letter of Credit Issuer Bank is not otherwise immediately reimbursed by the Borrowers in an amount equal to such Lender’s Bank's Ratable Portion. The aggregate principal amount of all outstanding Revolving Credit Loans of such Lender, Bank plus such Lender’s Bank's aggregate Risk Participation Exposure (after taking into effect such Lender’s Bank's Ratable Portion of the risk participation created under this Section 5.2) shall not exceed such Lender’s Bank's Commitment in effect from time to time. The sale of the risk participation by the Letter of Credit Issuer Bank and the purchase thereof by each LenderBank, respectively, shall occur simultaneously with and shall be evidenced by each Letter of Credit.

Risk Participation. The Letter of Credit Issuer hereby agrees that it will sell simultaneously with the issuance of each Letter of Credit, and each other Lender hereby agrees that it will buy simultaneously with the issuance of each Letter of Credit (subject to the following sentence) a participation in any payment which the Letter of Credit Issuer makes for the account of the Borrowers under any such Letter of Credit for which payment the Letter of Credit Issuer is not otherwise immediately reimbursed by the Borrowers in an amount equal to such LenderXxxxxx’s Ratable Portion. The aggregate principal amount of all outstanding Revolving Credit Loans of such Lender, plus such LenderXxxxxx’s aggregate Risk Participation Exposure (after taking into effect such LenderXxxxxx’s Ratable Portion of the risk participation created under this Section 5.2) shall not exceed such LenderXxxxxx’s Commitment in effect from time to time. The sale of the risk participation by the Letter of Credit Issuer and the purchase thereof by each Lender, respectively, shall occur simultaneously with and shall be evidenced by each Letter of Credit.

Risk Participation. The Letter of Credit Issuer hereby agrees that it will sell simultaneously with the issuance of each Letter of Credit, and each other Lender hereby agrees that it will buy simultaneously with the issuance of each Letter of Credit (subject to the following sentence) a participation in any payment which the Letter of Credit Issuer makes for the account of the Borrowers under any such Letter of Credit for which payment the Letter of Credit Issuer is not otherwise immediately reimbursed by the Borrowers in an amount equal to such Lender’s 's Ratable Portion. The aggregate principal amount of all outstanding Revolving Credit Loans of such Lender, plus such Lender’s 's aggregate Risk Participation Exposure (after taking into effect such Lender’s 's Ratable Portion of the risk participation created under this Section 5.2) shall not exceed such Lender’s 's Commitment in effect from time to time. The sale of the risk participation by the Letter of Credit Issuer and the purchase thereof by each Lender, respectively, shall occur simultaneously with and shall be evidenced by each Letter of Credit.

Risk Participation. The Letter of Credit Issuer Bank hereby agrees that it will sell simultaneously with the issuance of each Letter of Credit, and each other Lender Bank hereby agrees that it will buy simultaneously with the issuance of each Letter of Credit (subject to the following sentence) a participation in any payment which the Letter of Credit Issuer Bank makes for the account of the Borrowers Borrower under any such Letter of Credit or acceptance for which payment the Letter of Credit Issuer Bank is not otherwise immediately reimbursed by the Borrowers Borrower in an amount equal to such Lender’s Bank's Ratable Portion. The aggregate principal amount of all outstanding Revolving Credit Loans of such Lender, Bank plus such Lender’s Bank's aggregate Risk Participation Exposure (after taking into effect such Lender’s Bank's Ratable Portion of the risk participation created under this Section 5.2) ), plus such Bank's participation in all outstanding Swingline Loans shall not exceed such Lender’s Bank's Commitment in effect from time to time. The sale of the risk participation by the Letter of Credit Issuer Bank and the purchase thereof by each LenderBank, respectively, shall occur simultaneously with and shall be evidenced by each Letter of Credit.

Risk Participation. The Letter of Credit Issuer hereby agrees that it will sell simultaneously with the issuance of each Letter of Credit, and each other Lender hereby agrees that it will buy simultaneously with the issuance of each Letter of Credit (subject to the following sentence) a participation in any payment which the Letter of Credit Issuer makes for the account of the Borrowers under any such Letter of Credit for which payment the Letter of Credit Issuer is not otherwise immediately reimbursed by the Borrowers in an amount equal to such Lender’s 's Ratable Portion. The aggregate principal amount of all outstanding Revolving Credit Loans of such Lender, plus PLUS such Lender’s 's aggregate Risk Participation Exposure (after taking into effect such Lender’s 's Ratable Portion of the risk participation created under this Section 5.2) shall not exceed such Lender’s 's Commitment in effect from time to time. The sale of the risk participation by the Letter of Credit Issuer and the purchase thereof by each Lender, respectively, shall occur simultaneously with and shall be evidenced by each Letter of Credit.