Common use of Reallocation of Participations to Reduce Fronting Exposure Clause in Contracts

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances shall be reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans of any non-Defaulting Lender to exceed such non-Defaulting ▇▇▇▇▇▇’s Commitment. Subject to Section 13.26, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a non-Defaulting Lender as a result of such non-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Lafayette Square USA, Inc.), Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Swingline Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Share (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2616.21, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation participations in L/C Advances the Letter of Credit Liability shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Lender Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Principal Obligations of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting L▇▇▇▇▇’s Commitment. Subject to Section 13.2612.21, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that L▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting L▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Revolving Credit Agreement (BlackRock Direct Lending Corp.), Revolving Credit Agreement (BlackRock Direct Lending Corp.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s 's participation in L/C Advances LC Exposure and Swingline Exposure shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s 's Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇’s Lender's Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such non-Defaulting ▇▇▇▇▇▇’s Non‑Defaulting Lender's increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Minerals Technologies Inc), Refinancing Facility Agreement (Minerals Technologies Inc)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Letter of Credit Obligations and Swing Line Advances shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Unused Revolving Credit Commitment of any nonNon-Defaulting Lender to exceed such non-Defaulting ▇▇▇▇▇▇’s Commitmentfall below zero. Subject to Section 13.268.15, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Alliance Resource Partners Lp), Credit Agreement (Alliance Resource Partners Lp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Share (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Outstanding Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2615.07, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Dick's Sporting Goods, Inc.), Credit Agreement (Dick's Sporting Goods, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letters of Credit shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective applicable Pro Rata Shares (calculated without regard to such Defaulting Lender’s Revolving Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Revolving Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ such Revolving Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Chrysler Group LLC), Credit Agreement (Chrysler Group LLC)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letters of Credit and Swing Loans shall be reallocated among the non-Defaulting defaulting Lenders in accordance with their respective Pro Rata Shares Percentages (calculated without regard to such Defaulting Lender’s Lender Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any non-Defaulting Lender defaulting lender to exceed such non-Defaulting ▇▇▇▇▇▇defaulting Lender’s Lender Commitment. Subject to Section 13.269.15, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a non-Defaulting defaulting Lender as a result of such non-Defaulting ▇▇▇▇▇▇defaulting Lender’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Eastgroup Properties Inc), Credit Agreement (Eastgroup Properties Inc)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Outstanding Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.269.15, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Sekisui House U.S., Inc.), Credit Agreement (M.D.C. Holdings, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letters of Credit shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) pro rata portion of the L/C Obligations but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Total Revolving Outstandings of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Revolving Commitment. Subject to Section 13.2611.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (MGM Resorts International), Credit Agreement

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure and Swingline Exposure shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Diplomat Pharmacy, Inc.), Credit Agreement (Minerals Technologies Inc)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender▇▇▇▇▇▇’s participation in L/C Advances Letter of Credit Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Ratable Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Facility Usage of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇’s Revolving Credit Commitment. Subject to Section 13.2612.12, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Construction Partners, Inc.), Credit Agreement (Construction Partners, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations and Swingline Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Share (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Outstanding Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2615.07, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Salesforce, Inc.), Credit Agreement (Salesforce, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Revolving Loans of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2610.19, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Landsea Homes Corp), Credit Agreement (Landsea Homes Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (Hecla Mining Co/De/), Credit Agreement (Hecla Mining Co/De/)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposures of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.269.17, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 2 contracts

Sources: Credit Agreement (SWK Holdings Corp), Credit Agreement (SWK Holdings Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure shall be reallocated among the nonNon-Defaulting Lenders that are Revolving Lenders in accordance with their respective Pro Rata Shares Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.269.17, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Superpriority Secured Debtor in Possession Credit Agreement (Windstream Services, LLC)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender▇▇▇▇▇▇’s participation in L/C Advances Letter of Credit Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Ratable Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Facility Usage of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇’s Revolving Credit Commitment. Subject to Section 13.2612.123, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Fifth Amendment to Third Amended and Restated Credit Agreement (Construction Partners, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letters of Credit shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Rackspace Hosting, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances the Letter of Credit Liability shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Principal Obligations of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2612.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such non-Non- Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Revolving Credit Agreement (AG Twin Brook BDC, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations shall be reallocated among the nonRevolving Lenders that are Non-Defaulting Lenders in accordance with their respective Pro Rata Shares Share (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Outstanding Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2615.07, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇Len▇▇▇ having ▇▇ving become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting Len▇▇▇▇▇▇’s ’▇ increased exposure following such reallocation.

Appears in 1 contract

Sources: Amendment No. 4 (RXO, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure and Swingline Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Credit Exposure of any nonNon-Defaulting Lender to exceed such non-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Rite Aid Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances shall be reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans of any non-Defaulting Lender to exceed such non-Defaulting L▇▇▇▇▇’s Commitment. Subject to Section 13.26, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that L▇▇▇▇▇ having become a Defaulting Lender, including any claim of a non-Defaulting Lender as a result of such non-Defaulting L▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Revolving Credit Agreement (Lafayette Square USA, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Disbursements shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Credit Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Magnum Hunter Resources Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations and Swingline Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Percentage Interests (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Woodside Homes, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2610.26, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Century Communities, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Obligations and Swing Line Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Outstanding Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Oklahoma Gas & Electric Co)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure and Swingline Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Exposure of any nonNon-Defaulting Lender to exceed such non-Defaulting ▇▇▇▇▇▇Lender’s Revolving Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Rite Aid Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LOC Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Commitment Percentages (calculated determined without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2610.21, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Hyatt Hotels Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letter of Credit Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Loan Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.269.31, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Revolving Credit Agreement (Empire Resorts Inc)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure and Swingline Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Credit Exposure of any nonNon-Defaulting Lender to exceed such non-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ such Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (American Realty Capital Global Trust II, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances shall be reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans of any non-Defaulting Lender to exceed such non-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a non-Defaulting Lender as a result of such non-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Revolving Credit Agreement (Lafayette Square Empire BDC, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Participation Advance shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Commitment Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Capital of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Receivables Financing Agreement (Core Natural Resources, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Obligations and Swing Line Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Outstanding Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Cameron International Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Revolving Credit Commitment. Subject to Section 13.269.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim 52 of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Kansas City Southern)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such each Defaulting LenderBank’s participation participations in L/C Advances Letter of Credit Usage and Swing Line Loans shall be reallocated among the nonNon-Defaulting Lenders Banks in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting LenderBank’s Commitment) ), but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Outstanding Obligations of any nonNon-Defaulting Lender Bank to exceed such nonNon-Defaulting ▇▇▇▇▇▇Bank’s Commitment. Subject to Section 13.2610.26, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender Bank arising from that ▇▇▇▇▇▇ Bank having become a Defaulting LenderBank, including any claim of a nonNon-Defaulting Lender Bank as a result of such nonNon-Defaulting ▇▇▇▇▇▇Bank’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Parsons Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure and Swingline Exposure shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such non-Defaulting ▇▇▇▇▇▇Non‑Defaulting Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Minerals Technologies Inc)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Revolving Commitment. Subject to Section 13.269.17, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Medidata Solutions, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Exposure shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s CommitmentMaximum Credit Amount) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s CommitmentCommitment then in effect. Subject to Section 13.2612.18, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that L▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting L▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (HighPeak Energy, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Obligations and Swing Line Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Outstanding Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that L▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting L▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Oklahoma Gas & Electric Co)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Disbursements shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Revolving Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Revolving Commitment. Subject to Section 13.269.17, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Service Corp International)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LOC Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Commitment Percentages (calculated determined without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2610.21, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Hyatt Hotels Corp)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letter of Credit Obligations shall be reallocated among the nonNon-Defaulting Lenders pro rata in accordance with their respective Pro Rata Shares Commitments (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2610.15, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Millrose Properties, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letters of Credit and Swing Loans shall be reallocated among the non-Defaulting defaulting Lenders in accordance with their respective Pro Rata Shares Percentages (calculated without regard to such Defaulting Lender’s Lender Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any non-Defaulting Lender defaulting lender to exceed such non-Defaulting ▇▇▇▇▇▇defaulting Lender’s Lender Commitment. Subject to Section 13.269.15, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a non-Defaulting defaulting Lender as a result of such non-Defaulting ▇▇▇▇▇▇defaulting Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Eastgroup Properties Inc)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s 's participation in L/C Advances Letter of Credit Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s 's Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Commitments of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇’s Lender's Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s Lender's increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Isramco Inc)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Exposure shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2610.22, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (El Paso Electric Co /Tx/)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letters of Credit and Swingline Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.269.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Dean Foods Co)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letters of Credit shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) pro rata portion of the L/C Obligations but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Total Revolving Outstandings of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Revolving Commitment. Subject to Section 13.2611.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (MGM Resorts International)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Swingline Loans shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares Share (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2616.21, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Loan and Security Agreement (Hercules Capital, Inc.)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances LC Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Commitment. Subject to Section 13.2610.24, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (FGL Holdings)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Revolving Credit Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (Kansas City Southern)

Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Advances Letter of Credit Obligations shall be reallocated among the nonNon-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the sum of the aggregate L/C Advances plus Loans Revolving Credit Exposure of any nonNon-Defaulting Lender to exceed such nonNon-Defaulting ▇▇▇▇▇▇Lender’s Revolving Credit Commitment. Subject to Section 13.26, no No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that ▇▇▇▇▇▇ such Lender having become a Defaulting Lender, including any claim of a nonNon-Defaulting Lender as a result of such nonNon-Defaulting ▇▇▇▇▇▇Lender’s increased exposure following such reallocation.

Appears in 1 contract

Sources: Credit Agreement (DigitalOcean Holdings, Inc.)