Adjustments Among Lenders Sample Clauses

Adjustments Among Lenders. Each Lender (or Hedge Lender for the purposes of paragraphs (c), (e) and (f) below) agrees that:
AutoNDA by SimpleDocs
Adjustments Among Lenders. (1) Notwithstanding anything herein or in any other Document to the contrary, if all Obligations become due and payable pursuant to Section 11.2 (an “Acceleration”) or if an Insolvency Event shall occur and be continuing:
Adjustments Among Lenders. Each Lender agrees that:
Adjustments Among Lenders. 93 SECTION 14.02.
Adjustments Among Lenders. (a) If at any time a Lender (the “Purchasing Lender”) receives any payment (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) (an “Amount”) on account of the Secured Obligations (including, without limitation, as a result of exercising any Hedge Liens in favour of a Lender) which results in the Purchasing Lender receiving a payment or other reduction in the proportion of the aggregate amount of Accommodation provided by it greater than its Pro Rata Share, then the Purchasing Lender shall notify the Agent of that fact and purchase (for cash at face value) participations in the Accommodation provided by other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments or reductions shall be shared by the Lenders based on their Pro Rata Share, provided that:
Adjustments Among Lenders. (a) Each Lender agrees that, after delivery of an Acceleration Notice or the occurrence of an event described in Section 9.2(b), it will at any time and from time to time upon the request of the Agent as required by any Lender, purchase portions of the Borrowings made available by the other Lenders which remain outstanding and make any other adjustments which may be necessary in order that the amount of Borrowings made available by each Lender which remain outstanding, as adjusted pursuant to this Section 11.11, will be in the same proportion as the Lender’s Proportion of such Borrowings.
Adjustments Among Lenders. Notwithstanding anything herein to the contrary contained in this Financing Agreement, prior to the occurrence of an Event of Default, in the event that any Lender shall obtain payment in respect of a Revolving Credit Note, or interest thereon or upon or following on Event of Default, in the event any Lender shall obtain payment in respect of a Revolving Credit Note, or interest thereon, or receive any Collateral or proceeds thereof with respect to any Revolving Credit Note, whether voluntarily or involuntarily, and whether through the exercise of a right of banker's Lien, set-off or counterclaim against the applicable Borrower or otherwise, in a greater proportion than any such payment obtained by any other Lender in respect of the corresponding Revolving Credit Note held by such Lender, then the Lender so receiving such greater proportionate payment or such greater proportionate amount of Collateral in the case of an occurrence of an Event of Default shall purchase for cash from the other Lender or Lenders such portion of each such other Lender or Lenders' Revolving Credit Loan as appropriate, as shall be necessary to cause such Lender receiving the proportionate overpayment to share the excess payment with each Lender or shall provide the other Lenders with the benefits of any such Collateral, or the proceeds thereof, as shall be necessary to cause such Lender receiving the proportionate overpayment to share the excess payment or benefits of such Collateral or proceeds ratably with each Lender in the case of an occurrence of an Event of Default. Upon or following an Event of Default payments on any Revolving Credit Note received by each Lender and receipt of Collateral by each Lender shall be in the same proportion as the proportion of: (a) the Obligations owing to such Lender in respect of all Revolving Credit Notes held by such Lender; to (b) the Obligations owing to all of the Lenders in respect of all of the Revolving Credit Notes; provided, however, that, with respect to the two paragraphs above, if all or any portion of such excess payment or benefits is thereafter recovered from the Lender that received the proportionate overpayment, such purchase of Obligations or payment of benefits, as the case may be, shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest.
AutoNDA by SimpleDocs
Adjustments Among Lenders. (a) After the occurrence of an Event of Default and acceleration of all or any portion of the Drawings and other amounts outstanding hereunder, each Lender shall, at any time and from time to time upon the request of the Administrative Agent as required by any Lender, purchase portions of the Drawings and other amounts made available by the other Lenders which remain outstanding and make any other adjustments which may be necessary or appropriate to ensure each Lender is owed its Lender's Proportion of the 364 Day Tranche or the Term Tranche, as the case may be, and other amounts owing hereunder.
Adjustments Among Lenders. (a) Each Revolving Lender agrees that after an acceleration pursuant to Section 13.2, it will at any time or from time to time upon the request of the Administrative Agent as required by any Revolving Lender, purchase, on a non recourse basis at par, an undivided participation in the outstanding Loans of the other Revolving Lenders and make any other adjustments which may be necessary or appropriate, in order that the amount of Loans by each Revolving Lender which remain outstanding, as adjusted pursuant to this Section 14.5, will be in the same proportion as each Revolving Lenders' Proportion bears to all of the Revolving Lenders' Proportions in respect of the Credit Facility.
Adjustments Among Lenders. Notwithstanding anything herein to the contrary contained in this Financing Agreement, prior to the occurrence of an Event of Default, in the event that any Lender shall obtain payment in respect of a Revolving Credit Note, or interest thereon or upon or following on Event of Default, in the event any Lender shall obtain payment in respect of a Revolving Credit Note, or interest thereon, or receive any Collateral or proceeds thereof with respect to any Revolving Credit Note, whether voluntarily or involuntarily, and whether through the exercise of a right of banker's Lien, set-off or counterclaim against the Borrower or otherwise, in a greater proportion than any such payment obtained by any other Lender in respect of the
Time is Money Join Law Insider Premium to draft better contracts faster.