Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or acquire participations in Revolving Loans (including Swingline Loans) or Letters of Credit, the Administrative Agent may exclude the Revolving Commitments and Revolving Loans of any Defaulting Lender(s) from the calculation of Pro Rata Shares and any Revolving Commitments or Fronting Exposure of any such Defaulting Lender shall automatically be reallocated among the non-Defaulting Lenders pro rata in accordance with their Revolving Commitments up to an amount such that the Revolving Exposure of each non-Defaulting Lender does not exceed its Revolving Commitments, so long as the conditions set forth in Section 4.02 are satisfied at the time of such reallocation. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 11.01.
Appears in 4 contracts
Sources: Ratification and Amendment Agreement (Cenveo, Inc), Credit Agreement (Cenveo, Inc), Abl Credit Agreement
Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or acquire participations in Revolving Revolver Loans (including including, Swingline Loans) or Letters of Credit, the Administrative Agent may exclude the Revolving Revolver Commitments and Revolving Revolver Loans of any Defaulting Lender(s) from the calculation of Pro Rata Shares shares and any Revolving Revolver Commitments or Fronting Exposure of any such Defaulting Lender shall automatically be reallocated among the non-Defaulting Lenders pro rata Pro Rata in accordance with their Revolving Revolver Commitments up to an amount such that the Revolving Exposure Revolver Commitment of each non-Defaulting Lender does not exceed its Revolving Revolver Commitments, so long as the conditions set forth in Section 4.02 6.2 are satisfied at the time of such reallocation. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 11.0114.1.1(c).
Appears in 4 contracts
Sources: Credit and Guaranty Agreement (Milacron Holdings Corp.), Amendment No. 2 (Milacron Holdings Corp.), Amendment No. 1 (Milacron Holdings Corp.)
Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or acquire participations in Revolving Revolver Loans (including including, Swingline Loans) or Letters of Credit, the Administrative Agent may exclude the Revolving Revolver Commitments and Revolving Revolver Loans of any Defaulting Lender(s) from the calculation of Pro Rata Shares shares and any Revolving Revolver Commitments or Fronting Exposure of any such Defaulting Lender shall automatically be reallocated among the non-Defaulting Lenders pro rata Pro Rata in accordance with their Revolving Revolver Commitments up to an amount such that the Revolving Exposure Revolver Commitment of each non-Defaulting Lender does not exceed its Revolving Revolver Commitments, so long as the conditions set forth in Section 4.02 are satisfied at the time of such reallocation. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 11.019.08.
Appears in 2 contracts
Sources: Credit Agreement (Generac Holdings Inc.), Credit Agreement (Generac Holdings Inc.)
Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or acquire participations in Revolving Revolver Loans (including Swingline Loans) or Letters of Credit, the Administrative Agent may exclude the Revolving Revolver Commitments and Revolving Revolver Loans of any Defaulting Lender(s) from the calculation of Pro Rata Shares shares and any Revolving Revolver Commitments or Fronting Exposure of any such Defaulting Lender shall automatically be reallocated among the non-Defaulting Lenders pro rata Pro Rata in accordance with their Revolving Revolver Commitments up to an amount such that the Revolving Exposure Revolver Commitment of each non-Defaulting Lender does not exceed its Revolving Revolver Commitments, so long as the conditions set forth in Section 4.02 are satisfied at the time of such reallocation. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 11.019.08.
Appears in 2 contracts
Sources: Credit Agreement (Tuesday Morning Corp/De), Credit Agreement (Tuesday Morning Corp/De)
Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or acquire participations in Revolving Loans (including Swingline Loans) or Letters of Credit, the Administrative Agent may exclude the Revolving Revolver Commitments and Revolving Loans of any Defaulting Lender(s) from the calculation of Pro Rata Shares shares and any Revolving Revolver Commitments or Fronting Exposure of any such Defaulting Lender shall automatically be reallocated among the non-Defaulting Lenders pro rata Pro Rata in accordance with their Revolving Revolver Commitments up to an amount such that the Revolving Exposure Revolver Commitment of each non-Defaulting Lender does not exceed its Revolving Revolver Commitments, so long as the conditions set forth in Section 4.02 are satisfied at the time of such reallocation. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 11.019.08.
Appears in 2 contracts
Sources: Debtor in Possession Credit Agreement (Tuesday Morning Corp/De), Commitment Letter (Tuesday Morning Corp/De)