Common use of Sharing Payments Clause in Contracts

Sharing Payments. If a Secured Party obtains a Sharing Payment, such Secured Party shall promptly purchase from each other Secured Party participations in (or, if and to the extent specified by such other Secured Parties, direct interests in) the Obligations owing to each such other Secured Party, and shall make such other adjustments from time to time as shall be equitable, to the end that all Secured Parties shall share the benefit of such Sharing Payment as set forth in Section 3 hereof.

Sharing Payments. If a Secured Party obtains a Sharing Payment, such Secured Party shall promptly purchase from each other Secured Party participations in (or, if and to the extent specified by such other Secured Parties, direct interests in) the Secured Obligations (other than any Make-Whole Excess Amount) owing to each such other Secured Party, and shall make such other adjustments from time to time as shall be equitable, to the end that all Secured Parties shall share the benefit of such Sharing Payment as set forth in Section 3 hereof.