Common use of New Letters of Credit Clause in Contracts

New Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Lenders shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure will be 100% covered by the Commitments of the Non-Defaulting Lenders and/or Cash Collateral will be provided by the Borrowers in accordance with Section 2.11, and Participation Interests in any such newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.12(a)(iv) (and Defaulting Lenders shall not participate therein).

New Letters of Credit. So long as any Lender is a Defaulting Lender, the no Issuing Lenders Bank shall not be required to issue, amend issue or increase any Letter of Credit, Credit unless it is reasonably satisfied that the related exposure will be 100% covered by the Commitments of the Non-Defaulting Lenders and/or Cash Collateral will be provided by or the Borrowers in accordance with provisions of Section 2.114.10(a)(ii) have been complied with, and Participation Interests participating interests in any such newly newly-issued or increased Letter of Credit shall be allocated among nonNon-Defaulting Lenders in a manner consistent with Section 2.12(a)(iv4.10(a)(i) (and no Defaulting Lenders Lender shall not participate therein).

New Letters of Credit. So long as any Lender is a Defaulting Lender, the no Issuing Lenders shall not Bank be required to issue, amend issue or increase any Letter of Credit, Credit unless it is reasonably satisfied that the related exposure will be 100% covered by the Commitments of the Non-Defaulting Lenders and/or Cash Collateral will be provided by or the Borrowers in accordance with provisions of Section 2.114.10(a)(ii) have been complied with, and Participation Interests participating interests in any such newly newly-issued or increased Letter of Credit shall be allocated among nonNon-Defaulting Lenders in a manner consistent with Section 2.12(a)(iv4.10(a)(i) (and no Defaulting Lenders Lender shall not participate therein).

New Letters of Credit. So long as any Lender is a Defaulting Lender, the no Issuing Lenders Bank shall not be required to issue, amend issue or increase any Letter of Credit, Credit unless it is reasonably satisfied that the related exposure will be 100% covered by the Commitments of the Non-Defaulting Lenders and/or Cash Collateral will be provided by or the Borrowers in accordance with provisions of Section 2.114.10(a)(ii) have been complied with, and Participation Interests participating interests in any such newly newly- issued or increased Letter of Credit shall be allocated among nonNon-Defaulting Lenders in a manner consistent with Section 2.12(a)(iv4.10(a)(i) (and no Defaulting Lenders Lender shall not participate therein).

New Letters of Credit. So long as any Lender is a Defaulting Lender, the no Issuing Lenders shall not Bank be required to issue, amend issue or increase any Letter of Credit, Credit unless it is reasonably satisfied that the related exposure will be 100% covered by the Commitments of the Non-Non- Defaulting Lenders and/or Cash Collateral will be provided by or the Borrowers in accordance with provisions of Section 2.114.10(a)(ii) have been complied with, and Participation Interests participating interests in any such newly newly- issued or increased Letter of Credit shall be allocated among nonNon-Defaulting Lenders in a manner consistent with Section 2.12(a)(iv4.10(a) (i) (and no Defaulting Lenders Lender shall not participate therein).