Redistribution of payments. Unless otherwise agreed between the Finance Parties, if at any time a Bank receives or recovers by way of set-off, the exercise of any lien or otherwise (other than from any assignee or transferee of or sub-participant in that Bank's Commitment), an amount greater than that Bank's Proportionate Share of any sum due from any of the Security Parties under the Security Documents (the amount of the excess being referred to in this Clause as the "EXCESS AMOUNT") then:-
Appears in 4 contracts
Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Offshore Partners L.P.), Loan Facility Agreement (Stolt Offshore S A)
Redistribution of payments. Unless otherwise agreed between the Finance Parties, if at any time a Bank receives or recovers by way of set-off, the exercise of any lien or otherwise (other than from any assignee or transferee of or sub-participant in that Bank's ’s Commitment), an amount greater than that Bank's ’s Proportionate Share of any sum due from any of the Security Parties under the Security Documents (the amount of the excess being referred to in this Clause as the "EXCESS AMOUNT"“Excess Amount”) then:-
Appears in 4 contracts
Samples: Loan Facility Agreement (Teekay Shipping Corp), Stolt Comex (Stolt Offshore S A), Agreement (Teekay LNG Partners L.P.)
Redistribution of payments. Unless otherwise agreed between the Finance PartiesBanks and the Agent, if at any time a Bank receives or recovers by way of set-off, the exercise of any lien or otherwise (other than from any assignee or transferee of or sub-participant in that Bank's Commitment), an amount greater than that Bank's Proportionate Share of any sum due from any of the Security Parties under the Security Documents (the amount of the excess being referred to in this Clause as the "EXCESS AMOUNT") then:-
Appears in 2 contracts
Samples: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (Euroseas Ltd.)
