Effect of redistribution. (a) The Security Trustee must treat a redistribution as if it were a payment by the Guarantor under this Agreement and distribute it among the Finance Parties, other than the recovering Finance Party, accordingly.
Appears in 3 contracts
Samples: Sponsor Construction (Ocean Rig UDW Inc.), Sponsor Construction And (Ocean Rig UDW Inc.), Ocean Rig UDW Inc.
Effect of redistribution. (a) The Security Trustee must treat a redistribution as if it were a payment by the Guarantor under this Agreement Guarantee and distribute it among the Finance Parties, other than the recovering Finance Party, accordingly.
Appears in 2 contracts
Samples: Sponsor Guarantee (Ocean Rig UDW Inc.), Guarantee (Ocean Rig UDW Inc.)
Effect of redistribution. (a) The Security Security’ Trustee must treat a redistribution as if it were a payment by the Guarantor under this Agreement and distribute it among the Finance Parties, other than the recovering Finance Party, accordingly.
Appears in 1 contract
Samples: Ocean Rig UDW Inc.
