Common use of Recovering Finance Party’s rights Clause in Contracts

Recovering Finance Party’s rights. The Recovering Finance Party will be assigned the claims (or the part thereof) to which the Sharing Payment is allocated (and the relevant Obligor shall be liable to the Recovering Finance Party in an amount equal to the Sharing Payment).

Recovering Finance Party’s rights. The Recovering Finance Party will be assigned subrogated into the claims rights of the parties which have shared in a redistribution pursuant to Clause 26.2 (or the part thereofRedistribution of payments) to which in respect of the Sharing Payment is allocated (and the relevant Obligor shall will be liable to the Recovering Finance Party in an amount equal to the Sharing Payment).