Common use of Notification of Recovery Clause in Contracts

Notification of Recovery. Each Lender will notify the Facility Agent as soon as reasonably practicable of any Recovery by that Lender, other than by payment through the Facility Agent. If any Recovery subsequently has to be wholly or partly refunded by the Recovering Lender which paid an amount equal to that Recovery to the Facility Agent under clause 23.1(a) (Recoveries), each Lender to which any part of that amount was distributed will, on request from the Recovering Lender, repay to the Recovering Lender that Lender's pro rata share of the amount which has to be refunded by the Recovering Lender.

Appears in 3 contracts

Samples: Credit Agreement (Fimep Sa), Credit Agreement (Ocallaghan Barry), Credit Agreement (Delta I Acquisition Inc)

AutoNDA by SimpleDocs

Notification of Recovery. Each Lender will notify the Facility Agent as soon as reasonably practicable of any Recovery by that Lender, other than by payment through the Facility Agent. If any Recovery subsequently has to be wholly or partly refunded by the Recovering Lender which paid an amount equal to that Recovery to the Facility Agent under clause 23.1(a22.1(a) (Recoveries), each Lender to which any part of that amount was distributed will, on request from the Recovering Lender, repay to the Recovering Lender that Lender's pro rata share of the amount which has to be refunded by the Recovering Lender.

Appears in 2 contracts

Samples: Facilities Agreement (Ugi Corp /Pa/), Facilities Agreement (Ugi Corp /Pa/)

Notification of Recovery. Each Lender will notify the Facility Agent as soon as reasonably practicable promptly of any such Recovery by that Lender, Lender other than by payment through the Facility Agent. If any Recovery subsequently has to be wholly or partly refunded by the Recovering Lender which paid an amount equal to that Recovery thereto to the Facility relevant Administrative Agent under clause 23.1(a) (Recoveries), each Lender to which any part of that amount was distributed will, on request from the Recovering Lender, repay to the Recovering Lender that such Lender's pro rata share of the amount which has to be refunded by the Recovering Lender.

Appears in 1 contract

Samples: Facilities Agreement (Bema Gold Corp /Can/)

Notification of Recovery. Each Lender will notify the Facility Agent as soon as reasonably practicable promptly of any such Recovery by that Lender, Lender other than by payment through the Facility Agent. If any Recovery subsequently has to be wholly or partly refunded by the Recovering Lender which paid an amount equal to that Recovery thereto to the Facility Agent under clause 23.1(a) Clause 28.1 (Recoveries), each Lender to which any part of that amount was distributed will, on request from the Recovering Lender, repay to the Recovering Lender that such Lender's ’s pro rata share of the amount which has to be refunded by the Recovering Lender.

Appears in 1 contract

Samples: Senior Facilities Agreement (Elster Group SE)

AutoNDA by SimpleDocs

Notification of Recovery. Each Lender will notify the Facility Agent as soon as reasonably practicable promptly of any such Recovery by that Lender, Lender other than by payment through the Facility Agent. If any Recovery subsequently has to be wholly or partly refunded by the Recovering Lender which paid an amount equal to that Recovery thereto to the Facility Agent under clause 23.1(a) Clause 28.1 (Recoveries), each Lender to which any part of that amount was distributed will, on request from the Recovering Lender, repay to the Recovering Lender that Lender's such Xxxxxx’s pro rata share of the amount which has to be refunded by the Recovering Lender.

Appears in 1 contract

Samples: Senior Facilities Agreement (Elster Group SE)

Time is Money Join Law Insider Premium to draft better contracts faster.