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:

in the event of the other Party:

Defaulting Lender. If any Lender shall fail to make any payment required to be made by it pursuant to [Section 2.05(e), 2.06(a), 2.17(d) or 9.03(c)])])])], then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, # apply any amounts thereafter received by the Administrative Agent for the account of such Lender for the benefit of the Administrative Agent or the Issuing Banks to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid, and/or # hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Lender under such Sections; in the case of each of [clauses (i) and (ii) above], in any order as determined by the Administrative Agent in its discretion.

Defaulting Lender. (a) Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:

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To the extent such Defaulting Lender’s Letter of Credit Liabilities are reallocated to the Non-Defaulting Lenders pursuant to [clause (i) above], the fees payable to the Non-Defaulting Lenders pursuant to Section 2.08(a) and 2.08(b) shall be adjusted in accordance with such Non-Defaulting Lenders’ Percentages; and

all or any part of the Letter of Credit Liabilities of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Percentages but only to the extent the sum of all non-Defaulting Lenders’ Credit Exposures plus such Defaulting Lender’s Letter of Credit Liabilities does not exceed the total of all non-Defaulting Lenders’ Commitments;

§14.16 Defaulting Lenders.

Section # Defaulting Lenders.