Qualifying Banks. In relation to any Borrower that is organized under the law of Switzerland, the Administrative Agent and the shall ensure that assignments or transfers may not be effected if after giving effect to such assignments or transfers there would be more than 20 (including participants and subparticipants) that are not Qualifying Banks in relation to any such Borrower.
Hedge Banks. So long as any is a Defaulting , such shall not be a Hedge Bank with respect to any Secured Hedge Agreement entered into while such was a Defaulting .
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Notwithstanding anything to the contrary contained herein, in the event any [[Organization C:Organization]] is a Defaulting [[Organization C:Organization]], all rights and obligations hereunder of such Defaulting [[Organization C:Organization]] and of the other parties hereto shall be modified to the extent of the express provisions of this [Section 2.21] so long as such [[Organization C:Organization]] is a Defaulting [[Organization C:Organization]].
Notwithstanding any provision of this Agreement to the contrary, if any Bank becomes a Defaulting Bank, then the following provisions shall apply for so long as such Bank is a Defaulting Bank:
#all or any part of the Swing Line Exposure and L/C Exposure of such Defaulting Bank shall be reallocated among the non-Defaulting Banks in accordance with their respective Revolving Commitment Percentages but only to the extent that # the sum of the Exposures of all non-Defaulting Banks does not exceed the total of all non-Defaulting Banks’ Revolving Commitments and # the Exposure of each non-Defaulting Bank does not exceed such non-Defaulting Banks’ Revolving Commitment;
Replacement of Issuing Banks; Additional Issuing Banks. (i) Each Issuing Bank may be replaced at any time by written agreement among the Company, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. Any Lender may be added as an Issuing Bank at any time
Additional Issuing Banks. From time to time, the Borrowers may, by notice to the Administrative Agent, designate any Lender (in addition to Wells Fargo) to act as an Issuing Bank; provided that such Lender agrees in its sole discretion to act as such and such Lender is reasonably satisfactory to the Administrative Agent as an Issuing Bank. Each such additional Issuing Bank will execute a counterpart of this Agreement upon the approval of the Administrative Agent (which approval will not be unreasonably withheld) and will thereafter be an Issuing Bank hereunder for all purposes. The Borrowers may, in their sole discretion, request a Letter of Credit issuance from any Issuing Bank.
Assignments by Banks. Any Bank may at any time assign to one or more assignees (other than Parent, any of its Affiliates or a natural person) (each an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) and the Notes; provided that any such assignment shall be subject to the following conditions:
#Defaulting Banks
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