Direct Payments. (1) If any Lender, by exercising any right of setoff or counterclaim or otherwise, obtains other reduction of a proportion of the aggregate amount of its Advances and accrued interest thereon or other Obligations greater than its pro rata share thereof as provided herein, then the Lender receiving such payment or other reduction shall (a) notify the Agent of such fact, and (b) purchase (for cash at face value) participations in the Advances and such other Obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders rateably in accordance with the aggregate amount of principal of and accrued interest on their respective Advances and other amounts owing them, provided that:
Appears in 5 contracts
Samples: Credit Agreement (Iamgold Corp), Ninth Amending Agreement (Iamgold Corp), Fifth Amending Agreement (Iamgold Corp)
