Notification of Recovery Sample Clauses

Notification of Recovery. If any Recovery has to be wholly or partly refunded by the Recovering Interim Lender after it has paid any amount to the Interim Facility Agent under paragraph (c) of Clause 20.1 (Recoveries), each Interim Lender to which any part of the Excess Recovery (or amount in respect of it) was distributed will, on request from the Recovering Interim Lender, pay to the Recovering Interim Lender that Interim Lender’s pro rata share of the amount (including any related interest) which has to be refunded by the Recovering Interim Lender.
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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.
Notification of Recovery. Each Bank will notify the Facility Agent promptly of any such Recovery by that Bank other than by payment through the Facility Agent. If any Recovery subsequently has to be wholly or partly refunded by the Recovering Bank which paid an amount equal thereto to the Facility Agent under Clause 21.1(a) (Recoveries), each Bank to which any part of that amount was distributed will, on request from the Recovering Bank, repay to the Recovering Bank such Bank's pro rata share of the amount which has to be refunded by the Recovering Bank. (c)
Notification of Recovery. If any Recovery has to be wholly or partly refunded by the Recovering Interim Lender after it has paid any amount to the Interim Facility Agent under paragraph (c) of Clause
Notification of Recovery. Each Finance Party will notify the Facility Agent promptly of any such Recovery by that Finance Party other than by payment through the Facility Agent or the Security Agent. If any Recovery subsequently has to be wholly or partly refunded by the Recovering Bank which paid an amount equal thereto to the Facility Agent under sub-clause 26.1.1, each Finance Party to which any part of that amount was distributed will, on request from the Recovering Bank, repay to the Recovering Bank such Finance Party's pro rata share of the amount which has to be refunded by the Recovering Bank.
Notification of Recovery. Each Mezzanine Lender will notify the Mezzanine Facility Agent as soon as reasonably practicable of any Recovery by that Mezzanine Lender, other than by payment through the Mezzanine Facility Agent. If any Recovery subsequently has to be wholly or partly refunded by the Recovering Mezzanine Lender which paid an amount equal to that Recovery to the Mezzanine Facility Agent under clause 21.1(a) (Recoveries), each Mezzanine Lender to which any part of that amount was distributed will, on request from the Recovering Mezzanine Lender, repay to the Recovering Mezzanine Lender that Mezzanine Lender's pro rata share of the amount which has to be refunded by the Recovering Mezzanine Lender.
Notification of Recovery. If any Recovery must be wholly or partly refunded by the Recovering Lender after it has paid any amount to the Agent under clause (a)(iii), each Facility Lender to which any part of the Excess Recovery (or amount in respect of it) was distributed shall, on request from the Recovering Lender, pay to the Recovering Lender that Facility Lender’s pro rata share of the amount (including any related interest) which must be refunded by the Recovering Lender.
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Related to Notification of Recovery

  • Sharing of Recoveries Each Purchaser agrees that if it receives any recovery, through set-off, judicial action or otherwise, on any amount payable or recoverable hereunder in a greater proportion than should have been received hereunder or otherwise inconsistent with the provisions hereof, then the recipient of such recovery shall purchase for cash an interest in amounts owing to the other Purchasers (as return of Capital or otherwise), without representation or warranty except for the representation and warranty that such interest is being sold by each such other Purchaser free and clear of any Adverse Claim created or granted by such other Purchaser, in the amount necessary to create proportional participation by the Purchaser in such recovery. If all or any portion of such amount is thereafter recovered from the recipient, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest.

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