Erroneous Distributions. The Customer agrees to promptly return to the Broker any assets erroneously distributed to the Customer. In the event that the Customer sells a security prior to its ex-dividend/distribution date, and the Customer receives the related cash/stock dividend or distribution in error, the Customer directs the Broker on the Customer’s behalf to pay such dividend/distribution to the entitled purchaser of the securities the Customer sold, and the Customer guarantees to promptly reimburse the Broker for, or deliver to the Broker, said dividend or distribution.
Erroneous Distributions. I agree to promptly return to Robinhood any assets erroneously distributed to Me. In the event that I sell a security prior to its ex-dividend/distribution date, and I receive the related cash/stock dividend or distribution in error, I direct Robinhood on My behalf to pay such dividend/distribution to the entitled purchaser of the securities I sold, and I guarantee to promptly reimburse Robinhood for, or deliver to Robinhood, said dividend or distribution.
Erroneous Distributions. The Customer agrees to promptly return to FTX any assets erroneously distributed to the Customer. In the event that the Customer sells a security prior to its ex-dividend/distribution date, and the Customer receives the related cash/stock dividend or distribution in error, the Customer directs FTX on the Customer’s behalf to pay such dividend/distribution to the entitled purchaser of the securities the Customer sold, and the Customer guarantees to promptly reimburse FTX for, or deliver to FTX, said dividend or distribution.
Erroneous Distributions. If all or any part of any distribution by or on behalf of the Administrative Agent to any Lender or other recipient of distributions hereunder is determined by the Administrative Agent to have been made in error, whether known to the recipient or not, or if such Lender or other recipient is not otherwise entitled to receive such distribution under the provisions of this Agreement at such time and in such amount from the Administrative Agent as determined by the Administrative Agent (any such distribution, an “Erroneous Distribution”), then the relevant Lender or other recipient shall forthwith on demand repay to the Administrative Agent an amount equal to such Erroneous Distribution made to such Lender or other recipient in same day funds, together with interest thereon in respect of each day from and including the date such amount was made available by or on behalf of the Administrative Agent to such Lender or other recipient to the date such amount is repaid to the Administrative Agent in same day funds at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect. Each Lender that fails to return such amounts to the Administrative Agent within one (1) Business Day after receipt of such notice shall be a Defaulting Lender for all purposes under this Agreement. Each Lender and other recipient of distributions hereunder hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or other recipient of distributions under this Agreement or any other Loan Document against any amount due to the Administrative Agent. Any determination by the Administrative Agent that all or a portion of any distribution was an Erroneous Distribution shall be conclusive absent manifest error. Each Lender and other recipient of distributions hereunder irrevocably waives any claim of discharge for value and any other claim of entitlement to, or in respect of, any Erroneous Distribution.
Erroneous Distributions. If the Partnership has, pursuant to any clear and manifest accounting or similar error, paid any Limited Partner an amount in excess of the amount to which it is entitled pursuant to this Article 5, such Limited Partner shall reimburse the Partnership to the extent of such excess, without interest, within 30 days after demand by the Partnership.
Erroneous Distributions. If the Company has, pursuant to any clear and manifest accounting or similar error, paid any holder of Units an amount in excess of the amount to which it is entitled pursuant to this Article IV, such holder of Units shall reimburse the Company to the extent of such excess, without interest, within 30 days after demand by the Company.
Erroneous Distributions. If the Company has, pursuant to any clear and manifest accounting or similar error, paid any Member an amount in excess of the amount to which it is entitled pursuant to this Article 5, such Member will reimburse the Company to the extent of such excess, without interest, within thirty (30) days after demand by the Company.
Erroneous Distributions. I agree to promptly return to You any assets erroneously distributed to Me. In the event that I sell a security prior to its ex- dividend/distribution date, and I receive the related cash/stock dividend or distribution in error, I direct You on My behalf to pay such dividend/distribution to the entitled purchaser of the securities I sold, and I guarantee to promptly reimburse You for, or deliver to You, said dividend or distribution. 13.
Erroneous Distributions. If all or any part of any payment or other distribution by or on behalf of any Agent to any Lender or other Secured Party is determined by such Agent, in its sole discretion, to have been made in error, whether known to the recipient or not, or if such recipient is not otherwise entitled to receive such distribution under the provisions of this Agreement or any other Loan Document at such time and in such amount from such Agent, as determined by such Agent (any such distribution, an “Erroneous Distribution”), then the relevant Lender or other Secured Party shall forthwith on written demand (accompanied by a reasonably detailed calculation of such Erroneous Distribution) repay to such Agent an amount equal to such Erroneous Distribution made to such Lender or other Secured Party in immediately available funds, together with interest thereon in respect of each day from and including the date such amount was made available by or on behalf of such Agent to such Lender or other Secured Party to the date such amount is repaid to such Agent in immediately available funds at the Federal Funds Effective Rate from time to time in effect. Any determination by such Agent, in its sole discretion, that all or a portion of any distribution to a Lender or other Secured Party was an Erroneous Distribution shall be conslusive absent manifest error. Each Lender and each other Secured Party hereunder waives any claim of discharge for value and any other claim of entitlement to, or in respect of, any Erroneous Distribution.
Erroneous Distributions. If (x) all or any part of any payment received by any Lender or participant by or on behalf of the Administrative Agent or the Borrowers is determined by the Administrative Agent to have been made in error (as reasonably determined by the Administrative Agent in good faith, including any such payment that was not preceded or accompanied by the required notice of prepayment from the Borrowers), whether known to the recipient or not, or (y) such recipient receives such payment under the provisions of this Agreement at a time when such amount is not then due and payable (any such distribution referred to in clause (x) or (y), an “Erroneous Distribution”), then the relevant Lender or other recipient shall forthwith on demand repay to the Administrative Agent (and, if the payment was made by the Borrowers, the Administrative Agent will further distribute such amounts to such Borrower), an amount equal to such Erroneous Distribution in immediately available funds, together with interest thereon in respect of each day from and including the date such amount was made available by or on behalf of the Administrative Agent or the Borrowers, as applicable, to such Lender or other recipient to the date such amount is repaid to the Administrative Agent (as set forth above) in immediately available funds at the Overnight Rate from time to time in effect. Each Lender that fails to return such amounts within one (1) Business Day after receipt of such notice shall be a Defaulting Lender for all purposes under this Agreement. Each Lender and other recipient of an Erroneous Distribution hereunder hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or other recipient of payments under this Agreement or any other Loan Document against any amount due to the Administrative Agent. Each Lender and other recipient of an Erroneous Distribution hereunder irrevocably waives any claim of discharge for value and any other claim of entitlement to, or in respect of, any such Erroneous Distribution. For the avoidance of doubt, nothing contained in this Section 2.25 (x) shall create an obligation on the part of the Administrative Agent to make any payment to the Borrowers other than in respect of any portion of an Erroneous Distribution made by the Borrowers that has been returned by the Lenders or other recipients thereof to the Administrative Agent for the account of the Borrowers or (y) shall limit the rights which the Admin...
