Reallocable Payments Sample Clauses

Reallocable Payments. If any Creditor receives any Reallocable Payment (whether by way of voluntary or involuntary payment, by virtue of an exercise of any right of set-off or offset, by virtue of the application of any provision of any of the Credit Documents (other than this Agreement) or in any other manner except pursuant to this Agreement) in respect of any Secured Obligation, such Creditor shall forthwith notify the Collateral Agent thereof of its receiving the same and after receipt of a Sharing Notice pay to the Collateral Agent for the account of the Creditors an amount equal to the Reallocable Payment. Upon receipt of any such payment the Collateral Agent shall distribute the same to the Creditors in accordance with the provisions of Section 5.4.