Common use of Equalisation Payments Clause in Contracts

Equalisation Payments. (a) If at any time after the delivery of a notice by the Agent under Clause 23.18 (Acceleration) any Relevant Bilateral Bank makes a Recovery in respect of any sum owed by the relevant Bilateral Borrower whether directly or by set-off or by any other means which, if such sum had been recovered by the Relevant Bilateral Bank from an Obligor, would have fallen to be dealt with under Clause 29.12 (Application of Proceeds by Security Agent) then:

Equalisation Payments. (a) If at any time after the delivery of a notice by the Agent under Clause 23.18 (Acceleration) any Relevant Bilateral Bank makes a Recovery in respect of any sum owed by the relevant Bilateral Borrower whether directly or by set-off or by any other means which, if such sum had been recovered by the Relevant Bilateral Bank from an Obligor, would have fallen to be dealt with under Clause 29.12 29.11 (Application of Proceeds by Security Agent) then:

Equalisation Payments. (a) If at any time after the delivery of a notice by the Agent under Clause 23.18 24.18 (Acceleration) any Relevant Bilateral Bank makes a Recovery in respect of any sum owed by the relevant Bilateral Borrower whether directly or by set-off or by any other means which, if such sum had been recovered by the Relevant Bilateral Bank from an Obligor, would have fallen to be dealt with under Clause 29.12 30.10 (Application of Proceeds by Security Agent) then:

Equalisation Payments. (a) If at any time after the delivery of a notice by the Agent under Clause 23.18 23.17 (Acceleration) any Relevant Bilateral Bank makes a Recovery in respect of any sum owed by the relevant Bilateral Borrower whether directly or by set-off or by any other means which, if such sum had been recovered by the Relevant Bilateral Bank from an Obligor, would have fallen to be dealt with under Clause 29.12 29.10 (Application of Proceeds by Security Agent) then: