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Revolving Credit Exposure
Revolving Credit Exposure contract clause examples

Reallocation of Revolving Credit Commitments and Revolving Credit Exposure. The parties hereto agree that the Administrative Agent shall reallocate the Revolving Credit Loans and other Revolving Credit Exposure in accordance with the updated Revolving Credit Commitment Percentages as of the First Amendment Effective Date and the Revolving Credit Lenders agree to make all payments and adjustments necessary to effect such reallocation. The Lenders party hereto agree to waive any costs required to be paid by the Borrowers pursuant to [Section 4.9] of the Credit Agreement in connection with such reallocation.

Reallocation. Subject to the terms and conditions set forth herein, each Revolving Credit Lender hereby agrees to reallocate its Revolving Credit Commitment under the Credit Agreement on the date hereof to equal the amounts set forth opposite such Revolving Credit Lender’s name on [Schedule 2].01A attached hereto. Upon the effectiveness of this Amendment, the Borrowers, the Administrative Agent and the Revolving Credit Lenders shall make such reallocations, sales, assignments and other relevant actions in respect of each Revolving Credit Lender’s Revolving Credit Exposure as are necessary in order that such Revolving Credit Lender’s Revolving Credit Exposure reflect such Revolving Credit Lender’s Applicable Percentage of the outstanding aggregate Revolving Credit Exposure of all Revolving Credit Lenders on the date of the effectiveness hereof, and (unless otherwise waived by a Revolving Credit Lender in its sole discretion) the Borrowers agree to compensate each Revolving Credit Lender for any loss, cost or expense incurred by such Revolving Credit Lender in connection with the reallocation described above, in each case on the terms and in the manner set forth in [Section 3.05] of the Credit Agreement. First-Citizens Bank & Trust Company acknowledges, agrees and confirms that, by its execution of this Amendment, it will be deemed to be a party to the Credit Agreement and a Lender for all purposes of the Credit Agreement and the other Loan Documents, and shall have all of the rights and obligations of a Lender thereunder as if it had executed the Credit Agreement and the other Loan Documents.

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