Common use of New Swingline Loans/Letters of Credit Clause in Contracts

New Swingline Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund a new Swingline Loan and the Issuing Bank shall not be required to issue any new Facility Letter of Credit or, extend, renew or increase any outstanding Facility Letter of Credit unless the Defaulting Lender’s participation in such new Swingline Loan and all outstanding Swingline Loans or new Facility Letter of Credit and all outstanding Facility Letters of Credit, as applicable, has been (i) reallocated in accordance with Section 10.14(d) or (ii) Cash Collateralized in accordance with Section 10.14(e).

Appears in 5 contracts

Samples: Credit Agreement (RPT Realty), Assignment Agreement (Retail Properties of America, Inc.), Assignment Agreement (Retail Properties of America, Inc.)

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