BANK REFUSES TO FUND Sample Clauses

BANK REFUSES TO FUND. Notwithstanding the foregoing, if any Bank has wrongfully refused to fund its Percentage of Advances or purchase its Revolving Facility Percentage of the Obligation or Reimbursement as required hereunder, or if the principal balance of any Bank's Notes is for any reason less than its Percentage of the aggregate principal balances of the Notes, the Agent may remit all payments received by it to the other Banks until such payments have reduced the aggregate amounts owed by the Borrower to the extent that the aggregate amount owing to such Bank hereunder is equal to its Percentage of the aggregate amount owing to the Banks hereunder. The provisions of this subsection (e) are intended only to set forth certain rules for the application of Collections if a Bank has breached its obligations hereunder and shall not be deemed to excuse any Bank from such obligations.
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