Common use of Distributions to Participants Clause in Contracts

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 14 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Berry Petroleum Co), Credit Agreement (Plains All American Pipeline Lp)

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Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's ’s Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 7 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Double Eagle Petroleum Co)

Distributions to Participants. Whenever LC Issuer has in accordance with this section Section received from any Lender payment of such Lender's ’s Applicable Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from the Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage ShareApplicable Percentage), LC Issuer will distribute to such Lender its Applicable Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 6 contracts

Samples: Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Partners, L.P.)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's ’s Applicable Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage ShareApplicable Percentage), LC Issuer will distribute to such Lender its Applicable Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which that LC Issuer has previously distributed to it.

Appears in 6 contracts

Samples: Credit Agreement (Remora Royalties, Inc.), Credit Agreement (Silver Run Acquisition Corp II), Credit Agreement (Sundance Energy Australia LTD)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's ’s Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to Administrative Agent such Lender its Lender’s Percentage Share of the amounts so received by LC Issuer and Administrative Agent will distribute to such Lender the amounts so received by Administrative Agent from LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return such payment to Administrative Agent who shall promptly return such payment to LC Issuer the portion thereof which LC Issuer has previously distributed to itIssuer.

Appears in 4 contracts

Samples: Credit Agreement (Mid-Con Energy Partners, LP), Credit Agreement (Mid-Con Energy Partners, LP), Credit Agreement (Mid-Con Energy Partners, LP)

Distributions to Participants. Whenever the LC Issuer has in accordance with this section Section received from any Lender payment of such Lender's ’s Applicable Percentage Share of any Matured LC Obligation, if the LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from the Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to the LC Issuer's ’s demand that such Lender make such payment of its Percentage ShareApplicable Percentage), the LC Issuer will distribute to such Lender its Applicable Percentage Share of the amounts so received by the LC Issuer; provided, however, that if any such payment received by the LC Issuer must thereafter be returned by the LC Issuer, such Lender shall return to the LC Issuer the portion thereof which that the LC Issuer has previously distributed to it.

Appears in 4 contracts

Samples: Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Equity, L.P.)

Distributions to Participants. Whenever a LC Issuer has in accordance with this section Section received from any Lender payment of such Lender's ’s Applicable Percentage Share of any Matured LC Obligation, if such LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from the Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to such LC Issuer's ’s demand that such Lender make such payment of its Percentage ShareApplicable Percentage), such LC Issuer will distribute to such Lender its Applicable Percentage Share of the amounts so received by such LC Issuer; provided, however, that if any such payment received by such LC Issuer must thereafter be returned by such LC Issuer, such Lender shall return to such LC Issuer the portion thereof which such LC Issuer has previously distributed to it.

Appears in 4 contracts

Samples: Credit Agreement (Energy Transfer LP), Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Sunoco Logistics Partners L.P.)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Revolver Lender payment of such Lender's Revolver Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Revolver Lender make such payment of its Revolver Percentage Share), LC Issuer will distribute to such Lender its Revolver Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Revolver Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 4 contracts

Samples: Credit Agreement (Plains Resources Inc), Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's ’s Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 4 contracts

Samples: Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.)

Distributions to Participants. Whenever LC Issuer has in accordance with this section Section received from any Lender payment of such Lender's ’s Applicable Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from the Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage ShareApplicable Percentage), LC Issuer will distribute to such Lender its Applicable Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 4 contracts

Samples: Credit Agreement (Sunoco LP), Credit Agreement (Sunoco LP), Credit Agreement (Susser Petroleum Partners LP)

Distributions to Participants. Whenever LC Issuer has in accordance ----------------------------- with this section received from any Lender payment of such Lender's Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must -------- ------- thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 3 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Key Production Co Inc)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's Percentage ’s Pro Rata Share of any Matured LC ObligationLetter of Credit Liabilities, if LC Issuer thereafter receives any payment of such Matured LC Obligation Letter of Credit Liabilities or any payment of interest thereon (whether directly from Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage Pro Rata Share), LC Issuer will distribute to such Lender its Percentage Pro Rata Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which that LC Issuer has previously distributed to it.

Appears in 2 contracts

Samples: Credit Agreement (Unit Corp), Credit Agreement

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's Revolver Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Lender make such payment of its Percentage ShareRevolver Percentage), LC Issuer will distribute to such Lender its Revolver Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 2 contracts

Samples: Credit Agreement (Energy Transfer Partners Lp), Credit Agreement (Energy Transfer Partners Lp)

Distributions to Participants. Whenever the LC Issuer has in accordance with this section received from any Lender payment of such Lender's Percentage ’s Pro Rata Share of any Matured LC ObligationLetter of Credit Liabilities, if the LC Issuer thereafter receives any payment of such Matured LC Obligation Letter of Credit Liabilities or any payment of interest thereon (whether directly from the Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to the LC Issuer's ’s demand that such Lender make such payment of its Percentage Pro Rata Share), the LC Issuer will distribute to such Lender its Percentage Pro Rata Share of the amounts so received by the LC Issuer; provided, however, that if any such payment received by the LC Issuer must thereafter be returned by the LC Issuer, such Lender shall return to the LC Issuer the portion thereof which that the LC Issuer has previously distributed to it.

Appears in 2 contracts

Samples: Loan Agreement (Acacia Research Corp), Credit Agreement (Kolibri Global Energy Inc.)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's ’s Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage SharePercentage), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which that LC Issuer has previously distributed to it.

Appears in 2 contracts

Samples: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.), Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

Distributions to Participants. Whenever LC L/C Issuer has in accordance with this section received from any Lender payment of such Lender's Percentage Share of any Matured LC Reimbursement Obligation, if LC L/C Issuer thereafter receives any payment of such Matured LC Reimbursement Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC L/C Collateral or otherwise, and excluding only interest for any period prior to LC L/C Issuer's demand that such Lender make such payment of its Percentage Share), LC L/C Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC L/C Issuer; provided, however, that if any such payment received by LC L/C Issuer must thereafter be returned by LC L/C Issuer, such Lender shall return to LC L/C Issuer the portion thereof which LC L/C Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Cliffs Drilling Co)

Distributions to Participants. Whenever an LC Issuer has in accordance with this section received from any Lender Bank payment of such LenderBank's Percentage Share of any Matured LC Obligation, if such LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to such LC Issuer's demand that such Lender Bank make such payment of its Percentage Share), such LC Issuer will distribute to such Lender Bank its Percentage Share of the amounts so received by such LC Issuer; provided, however, that if any such payment received by an LC Issuer must thereafter be returned by such LC Issuer, such Lender Bank shall return to such LC Issuer the portion thereof which such LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Inland Resources Inc)

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Distributions to Participants. Whenever LC Issuer has in accordance with this section Section received from any Lender payment of such Lender's ’s Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Comfort Systems Usa Inc)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's ’s Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower Borrowers or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Windstar Energy, LLC)

Distributions to Participants. Whenever LC Issuer has in accordance with this section Section received from any Revolving Lender payment of such Lender's ’s Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Comfort Systems Usa Inc)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute through Administrative Agent to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return through Administrative Agent to LC Issuer the portion thereof which LC Issuer has previously distributed to it.. (h) (i)

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's ’s Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower Borrowers or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which that LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (RAAM Global Energy Co)

Distributions to Participants. Whenever an LC Issuer has in accordance with this section received from any Lender Bank payment of such LenderBank's Percentage Share of any Matured LC Obligation, if such LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to such LC Issuer's demand that such Lender Bank make such payment of its Percentage Share), such LC Issuer will distribute to such Lender Bank its Percentage Share of the amounts so received by such LC Issuer; providedPROVIDED, howeverHOWEVER, that if any such payment received by an LC Issuer must thereafter be returned by such LC Issuer, such Lender Bank shall return to such LC Issuer the portion thereof which such LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Inland Resources Inc)

Distributions to Participants. Whenever an LC Issuer has in ----------------------------- accordance with this section received from any Lender payment of such Lender's Percentage Share of any Matured LC Obligation, if such LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to such LC Issuer's demand that such Lender make such payment of its Percentage Share), such LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by such LC Issuer; provided, however, that if any -------- ------- such payment received by an LC Issuer must thereafter be returned by such LC Issuer, such Lender shall return to such LC Issuer the portion thereof which such LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Inland Resources Inc)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower the Company or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Plains Resources Inc)

Distributions to Participants. Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's Commitment Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Lender make such payment of its Percentage ShareCommitment Percentage), LC Issuer will distribute to such Lender its Commitment Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which that LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

Distributions to Participants. Whenever LC Issuer has in ----------------------------- accordance with this section received from any Lender payment of such Lender's Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower the Company or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Plains Resources Inc)

Distributions to Participants. Whenever LC Issuer has in accordance with this section Section received from any Lender payment of such Lender's ’s Applicable Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Cash Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's ’s demand that such Lender make such payment of its Percentage ShareApplicable Percentage), LC Issuer will distribute to such Lender its Applicable Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which that LC Issuer has previously distributed to it.

Appears in 1 contract

Samples: Credit Agreement (Alta Mesa Resources, Inc. /DE)

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