Loan Reallocation Sample Clauses

Loan Reallocation. The Administrative Agent, the Borrower, each Lender (including any Lender who was not a “Lender” under the Existing Term Loan Agreement immediately prior to giving effect hereto, each such Lender, an “Additional Lender”) agree that upon the effectiveness of this Agreement, the outstanding principal amount of such Lender’s Loan is as set forth on Schedule I attached hereto. Simultaneously with the effectiveness of this Agreement, the principal amount of all outstanding Loans shall be reallocated among the Lenders in accordance with their respective Loans (determined in accordance with the amount of each such Lender’s Loan set forth on Schedule I attached hereto). In order to effect such reallocations, any Additional Lender and each other Lender whose Loan exceeds its “Loan” under the Existing Term Loan Agreement immediately prior to the effectiveness of this Agreement (each, an “Assignee Lender”) shall be deemed to have purchased at par a portion of all right, title and interest in, and all obligations in respect of, the “Loan” under the Existing Term Loan Agreement of any “Lender” under the Existing Term Loan Agreement which shall cease to be a Lender hereunder and each Lender whose Loan will be less than its “Loan” under the Existing Term Loan Agreement immediately prior to the effectiveness of this Agreement (each, an “Assignor Lender”) so that the outstanding principal amount of the Loan of each Lender will be as set forth on Schedule I attached hereto. Such purchases shall be deemed to have been effected by way of, and subject to the terms and conditions of, Assignment and Assumptions without the payment of any related assignment fee, and, except for replacement Notes to be provided to the Assignee Lenders and, if applicable, the Assignor Lenders, in the principal amounts of their respective Loans upon the effectiveness of this Agreement, no other documents or instruments shall be, or shall be required to be, executed in connection with such assignments (all of which are hereby waived). The Assignee Lenders shall make the proceeds of such purchases available to the Administrative Agent which shall then make such amounts of the proceeds of such purchases available to the Assignor Lenders as is necessary to purchase in full at par the Loan owing to the Assignor Lender.

Loan Reallocation. The Administrative Agent shall be satisfied with the arrangements to ensure that immediately after the Amendment No. 2 Effective Date all outstanding Revolving Loans will be held on a pro rata basis by the Lenders based on their respective Revolving Commitments set forth in Schedule I to this Amendment.

Loan Reallocation. Effective immediately upon satisfaction of the conditions precedent set forth in Section 2, (i) each of BoA and Sumitomo shall be deemed automatically to have sold and assigned to Comerica and Mellon, without recourse and without representation and warranty, and each of Comerica and Mellon shall be deemed automatically to have purchased and assumed from BoA and Sumitomo, that interest in Revolving Loans funded by BoA and Sumitomo immediately prior to the satisfaction of such conditions precedent so that, after giving effect to such purchase and sale, the ratio of the amount of Revolving Loans funded by each Lender to the aggregate outstanding amount of Revolving Loans equals such Lender's Pro Rata Share after giving effect to the amendments contemplated by this Amendment and (ii) upon request by Agent, each of Comerica and Mellon shall promptly wire transfer to Agent for further reallocation to BoA and Sumitomo immediately available funds requested by Agent in full satisfaction of the purchases and sales contemplated by the preceding clause (i).

Loan Reallocation. If, at any time, the Borrower shall request that the undisbursed balance of a Budget line item for any category of cost shown on the Budget be reallocated to another category of cost, Lender shall consent to such reallocation (a) if, in Lender's reasonable judgment, the undisbursed balance of the Budget line item for such category of cost is excessive, and the undisbursed balance of the category of cost to which the funds shall be reallocated is insufficient, (b) provided that any reallocation of Budget line items pursuant to this will not have the effect of reducing the net sum that Borrower estimates will be available to it from the Loan to pay the Developer for the Improvements, and (c) provided the "Interest" category is not reduced.