Common use of Adjustments Clause in Contracts

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 19 contracts

Samples: Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC)

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Adjustments. If Except as otherwise provided in this Agreement or as otherwise provided by court order, if any Lender Bank (a "Benefitted Lender"“benefitted Bank”) shall at any time receive any payment of all or part of its LoansCommitted Rate Loans or L/C Obligations, or interest thereonthereon or commitment fee or letter of credit fee hereunder, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in clause (e) of Section 8, or otherwise) in a greater proportion than any such payment to and collateral received by any other LenderBank, if any, in respect of such other Lender's LoansBank’s Committed Rate Loans or L/C Obligations, or interest thereon, or commitment fee or letter of credit fee hereunder, such Benefitted Lender benefitted Bank shall purchase for cash from the other Lenders Banks such portion of each such other Lender's LoansBank’s Committed Rate Loans or L/C Obligations, or shall provide such other Lenders Banks with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender benefitted Bank to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenderssuch other Banks; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lenderbenefitted Bank, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender Bank so purchasing a portion of another Lender's Bank’s Committed Rate Loans or L/C Obligations may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender Bank were the direct holder of such portion.

Appears in 11 contracts

Samples: Assignment and Assumption (Deere John Capital Corp), Assignment and Assumption (Deere & Co), Credit Agreement (Deere & Co)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 8 contracts

Samples: Three Year Credit Agreement (Jones Apparel Group Inc), 364 Day Credit Agreement (Jones Apparel Group Inc), 364 Day Credit Agreement (Jones Apparel Group Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall shall, at any time after the Loans and all other amounts payable hereunder shall have become due and payable (whether at the stated maturity, by acceleration or otherwise), receive any payment of all or part of its Loansthe Obligations owing to it (other than in connection with an assignment made pursuant to Section 10.6), or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off set off, pursuant to events or proceedings of the nature referred to in Section 8(e), or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash in Dollars from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 6 contracts

Samples: Guarantee Agreement (General Motors Financial Company, Inc.), Day Revolving Credit Agreement (General Motors Co), Credit Agreement (General Motors Financial Company, Inc.)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansConstruction Loan Advances, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Construction Loan Advances may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 4 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

Adjustments. If any Lender (a "Benefitted benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 7(g), or otherwise) ), such that it has received aggregate payments or collateral on account of its Loans in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's LoansLoans which are then due and payable, or interest thereon, such Benefitted benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that interest (unless the Lender from which such payment is recovered is required to pay interest thereon, in which case each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect returning funds to such portion as fully as if such Lender were the direct holder shall pay its pro rata share of such portioninterest).

Appears in 4 contracts

Samples: Delphi Corp, Delphi Corp, Delphi Automotive Systems Corp

Adjustments. If Except as provided in subsection 2.12, if any Lender Bank (a "Benefitted Lender"“benefitted Bank”) shall at any time receive any payment of all or part of its Committed Rate Loans, or interest thereonthereon or facility fee hereunder, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in clause (e) of Section 8, or otherwise) in a greater proportion than any such payment to and collateral received by any other LenderBank, if any, in respect of such other Lender's Bank’s Committed Rate Loans, or interest thereon, or facility fee hereunder, such Benefitted Lender benefitted Bank shall purchase for cash from the other Lenders Banks such portion of each such other Lender's Bank’s Committed Rate Loans, or shall provide such other Lenders Banks with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender benefitted Bank to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenderssuch other Banks; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lenderbenefitted Bank, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender Bank so purchasing a portion of another Lender's Bank’s Committed Rate Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender Bank were the direct holder of such portion.

Appears in 4 contracts

Samples: Credit Agreement (Deere & Co), Credit Agreement (Deere & Co), Credit Agreement (Deere & Co)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including without limitation rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)

Adjustments. If the holder of any Lender Note (a "Benefitted benefitted ----------- ---------- Lender") shall at any time receive any payment of all or part of its LoansNote, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 6.1(d), or otherwise) in a greater -------------- proportion than any such payment to and collateral received by any other Lender, if any, holders of Notes in respect of such other Lender's LoansNotes, or interest thereon, such Benefitted benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansNotes, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenderssuch holders; provided, however, -------- ------- that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's portion of the Loans pursuant to this Section 7.4 may exercise ----------- all rights of payment (including, without limitation, rights of set-off) with respect to Loan Agreement such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than as a result of the operation of the proviso to Section 4.4(b)(vii) hereof or pursuant to Sections 5.8, 5.9, 5.10, 5.11 or 14.2 hereof) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Credit Agreement (DRS Technologies Inc), Credit Agreement (Paravant Inc), Credit Agreement (Paravant Inc)

Adjustments. If any Lender (a "Benefitted LenderBENEFITTED LENDER") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; providedPROVIDED, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral Collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral Collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateralCollateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral Collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion (taking into account Section 4.4) than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co)

Adjustments. If any Lender (a "Benefitted Lender") shall shall, at any time after the Loans and all other amounts payable hereunder shall have become due and payable (whether at the stated maturity, by acceleration or otherwise), receive any payment of all or part of its Loansthe Obligations owing to it (other than in connection with an assignment made pursuant to Section 10.6), or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off set off, pursuant to events or proceedings of the nature referred to in Section 8(f), or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash in Dollars (calculated, in the case of any Obligation denominated in an Optional Currency, at the Dollar Equivalent thereof as of the date such Obligations became due and payable) from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Guarantee Agreement (General Motors Financial Company, Inc.), Credit Agreement (General Motors Co), Guarantee Agreement (General Motors Co)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Term Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Term Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

Adjustments. If Except as provided in subsection 2.12, if any Lender Bank (a "Benefitted LenderBENEFITTED BANK") shall at any time receive any payment of all or part of its Committed Rate Loans, or interest thereonthereon or facility fee hereunder, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in clause (e) of Section 8, or otherwise) in a greater proportion than any such payment to and collateral received by any other LenderBank, if any, in respect of such other LenderBank's Committed Rate Loans, or interest thereon, or facility fee hereunder, such Benefitted Lender benefitted Bank shall purchase for cash from the other Lenders Banks such portion of each such other LenderBank's Committed Rate Loans, or shall provide such other Lenders Banks with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender benefitted Bank to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenderssuch other Banks; providedPROVIDED, HOWEVER, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lenderbenefitted Bank, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender Bank so purchasing a portion of another LenderBank's Committed Rate Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender Bank were the direct holder of such portion.

Appears in 3 contracts

Samples: Credit Agreement (Deere & Co), Credit Agreement (Deere & Co), Credit Agreement (Deere & Co)

Adjustments. If Each Lender agrees that if any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off pursuant to events or proceedings of the nature referred to in Section 6.1(i) or (j), or otherwise) in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's Loans’s Loan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Loan Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its the Obligations (other than in respect of Competitive Bid Loans) owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations (other than in respect of Competitive Bid Loans) owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Extensions of Credit Obligations (other than Competitive Bid Loans), or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 3 contracts

Samples: Year Credit Agreement (Jones Apparel Group Inc), Credit Agreement (Jones Apparel Group Inc), Credit Agreement (Jones Apparel Group Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Sections 5.8, 5.9, 5.10, 5.11 or 14.2 hereof) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Wackenhut Corrections Corp), Credit Agreement (Wackenhut Corrections Corp)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Sections 5.8, 5.9, 5.10, 5.11 or 14.2) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, Loans or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off setoff or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Rare Hospitality International Inc), Credit Agreement (Rare Hospitality International Inc)

Adjustments. If (a) Each Lender agrees that if any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 6.01(f), or otherwise) in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's LoansLoan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Capital Lease Funding Inc), Revolving Loan Agreement (Capital Lease Funding Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit Obligations, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Jones Apparel Group Inc), Credit Agreement (Jones Apparel Group Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or -------- benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Inergy L P), Credit Agreement (Inergy L P)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that that, to the fullest extent allowed by law, each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Cable Michigan Inc), Credit Agreement (Cable Michigan Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than as a result of the operation of the proviso to Section 4.4(b)(vi) hereof or pursuant to Sections 5.8, 5.9, 5.10, 5.11 or 14.2 hereof) in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansAdvances, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Advances may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Veridian Corp), Credit Agreement (Veridian Corp)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit Obligations, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Jones Apparel Group Inc), Credit Agreement (Jones Apparel Group Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) thereon in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Benefited Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, ’s Loans as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLender; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower Xxxxxxxx agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. This Subsection 6.9 shall not apply to any action taken by CoBank with respect to equity in it held by Xxxxxxxx.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) thereon in a greater proportion than any such payment to and collateral received by any other LenderLender (other than pursuant to Subsection 1.12(B)), if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Benefited Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, ’s Loans as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLender; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. This Subsection 6.9 shall not apply to any action taken by CoBank with respect to equity in it held by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Atlantic Tele Network Inc /De), Credit Agreement (Atlantic Tele Network Inc /De)

Adjustments. If Except to the extent that this Agreement expressly provides for payments to be allocated to a particular Lender or to the Lenders, if any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it (whether directly from the Borrower, indirectly from any Guarantor pursuant to the Guarantee and Collateral Agreement or from the proceeds of the exercise of any remedies with respect to the Collateral pursuant to the Guarantee and Collateral Agreement or the UK Charge Over Shares or otherwise), or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off (whether against any Borrower or any Guarantor), pursuant to events or proceedings of the nature referred to in Section 7(g), or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Aspen Insurance Holdings LTD), Guarantee and Collateral Agreement (Aspen Insurance Holdings LTD)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Tessco Technologies Inc), Credit Agreement (Tessco Technologies Inc)

Adjustments. If any Lender (a "Benefitted LenderBENEFITED LENDER") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; providedPROVIDED, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Wausau Mosinee Paper Mills Corp), Credit Agreement (Wausau Mosinee Paper Mills Corp)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) thereon in a greater proportion than any such payment to and collateral received by any other LenderLender (other than pursuant to Subsection 1.11(B)), if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Benefited Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, ’s Loans as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLender; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. This Subsection 6.9 shall not apply to any action taken by CoBank with respect to equity in it held by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Surewest Communications), Credit Agreement (Surewest Communications)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit and Security Agreement (Interpool Inc), Credit and Security Agreement (Seacastle Inc.)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) thereon in a greater proportion than any such payment to and collateral received by any other LenderLender (other than pursuant to Subsection 1.12(B)), if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Benefited Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, ’s Loans as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLender; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower Each Loan Party agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. This Subsection 6.9 shall not apply to any action taken by CoBank with respect to equity in it held by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Atlantic Tele Network Inc /De), Credit Agreement (Atlantic Tele Network Inc /De)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Inergy L P), Credit Agreement (Inergy L P)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Ct Communications Inc /Nc), Credit Agreement (JLG Industries Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion (taking into account any Competitive Bid Loans of such Lender) than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Choice Hotels International Inc /De), Revolving Credit Agreement (Choice Hotels International Inc /De)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its LoansRevolving Credit Extensions of Credit, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans Revolving Credit Extensions of Credit (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in with respect of to such other Lender's LoansRevolving Credit Extensions of Credit, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansRevolving Credit Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Revolving Credit Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Richfood Holdings Inc), Credit Agreement (Richfood Holdings Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Mindspring Enterprises Inc), Credit Agreement (Rare Hospitality International Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any Collateral or other collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and Collateral and other collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit Obligations, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Jones Apparel Group Inc), Credit Agreement (Jones Apparel Group Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Sections 4.8, 4.9, 4.10, 4.11 or 13.2 hereof) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Belk Inc), Bridge Credit Agreement (Belk Inc)

Adjustments. If Except as otherwise provided in this Agreement, if any Lender Bank (a "Benefitted Lender"“benefitted Bank”) shall at any time receive any payment of all or part of its LoansCommitted Rate Loans or L/C Obligations, or interest thereonthereon or facility fee or letter of credit fee hereunder, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in clause (e) of Section 8, or otherwise) in a greater proportion than any such payment to and collateral received by any other LenderBank, if any, in respect of such other Lender's LoansBank’s Committed Rate Loans or L/C Obligations, or interest thereon, or facility fee or letter of credit fee hereunder, such Benefitted Lender benefitted Bank shall purchase for cash from the other Lenders Banks such portion of each such other Lender's LoansBank’s Committed Rate Loans or L/C Obligations, or shall provide such other Lenders Banks with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender benefitted Bank to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenderssuch other Banks; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lenderbenefitted Bank, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender Bank so purchasing a portion of another Lender's Bank’s Committed Rate Loans or L/C Obligations may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender Bank were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Deere & Co), Credit Agreement (Deere & Co)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) thereon in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, ’s Loans as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLender; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Loan Parties agree that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. This Subsection 6.9 shall not apply to any action taken by CoBank with respect to equity in it held by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (D&e Communications Inc), Credit Agreement (D&e Communications Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its LoansExtensions of Credit, or interest thereon, or if any Lender shall at any time receive any collateral Collateral in respect to its Loans Extensions of Credit (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral Collateral received by any other Lender, if any, in respect of such other Lender's LoansLoans or other Extensions of Credit, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateralCollateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral Collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Acc Corp), Credit Agreement (Acc Corp)

Adjustments. If any Lender (a "Benefitted benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 6(d) or (e), or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's LoansLoans that are then due and payable, or interest thereon, such Benefitted benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Dominion Resources Inc /Va/), Credit Agreement (Virginia Electric & Power Co)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower Borrowers agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 2 contracts

Samples: Credit Agreement (Imagemax Inc), Credit Agreement (Imagemax Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or any part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Markel Corp)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it, (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of to the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; providedPROVIDED, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Healthplan Services Corp)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time ----------- receive any payment of all or part of its Revolving Credit Loans, or interest thereon, or if any Lender shall at any time receive any collateral in with respect to its Revolving Credit Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in with respect of to such other Lender's Revolving Credit Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Revolving Credit Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower Company agrees that each Lender so purchasing a portion of another Lender's Revolving Credit Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (James River Coal Corp)

Adjustments. If any Lender Purchaser (a "Benefitted Lender--------------------------- ---------- Purchaser") shall at any time receive any payment of all or part in respect of its LoansPurchaser Net Investment --------- any distribution of principal, interest, Unused Fees or any interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral distribution received by any other LenderPurchaser, if any, in respect of such other LenderPurchaser's LoansPurchaser Net Investment, or interest thereon, such Benefitted Lender Purchaser shall purchase for cash from the other Lenders Purchaser such portion of each such other LenderPurchaser's Loansinterest in the Transferred Interest, or shall provide such other Lenders Purchaser with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender Purchaser to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lendersother Purchaser; provided, however, that if all or any portion of such excess payment -------- ------- or benefits is thereafter recovered from such Benefitted LenderPurchaser, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower Transferor agrees that each Lender any Purchaser so purchasing a portion of another LenderPurchaser's Loans Purchaser Net Investment may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender Purchaser were the direct holder of such portion.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Case Credit Corp)

Adjustments. If any Lender (a "Benefitted Lender") shall at ----------- any time receive any payment of all or part of its Loans, or interest thereonthe Obligations owing thereto, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing thereto (whether voluntarily or involuntarily, by set-off or otherwise) ), in a greater proportion than any such payment the pro rata distribution to and collateral received the extent --- ---- required by any other Lender, if any, in respect of such other Lender's Loans, or interest thereonSection 4.4, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit or other Obligations, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion -------- of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit or other Obligations may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) ), in a greater proportion than any such payment the pro rata distribution to and collateral received the extent required by any other Lender, if any, in respect of such other Lender's Loans, or interest thereonSection 5.4, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit or other Obligations, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower Each Credit Party agrees that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit or other Obligations may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Adjustments. If any Liquidity Lender (a "Benefitted Benefited Liquidity Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Liquidity Lender, if any, in respect of such other Liquidity Lender's Loans, or interest thereon, such Benefitted Benefited Liquidity Lender shall immediately purchase for cash from the other Liquidity Lenders such portion of each such other Liquidity Lender's LoansLoan, or shall provide such other Liquidity Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Liquidity Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Liquidity Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Liquidity Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees Company agrees, to the extent it may do so under applicable law, that each Liquidity Lender so purchasing a portion of another Liquidity Lender's Loans Loan may exercise all rights of payment with respect to such portion as fully as if such Liquidity Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Liquidity Agreement (Nuveen Senior Income Fund)

Adjustments. If any Lender (a "Benefitted “benefited Lender") shall at any time receive any payment of all or part of its Loans, Loans or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off or otherwise) ), such that it has received aggregate payments or collateral on account of its extensions of credit in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's Loans’s extensions of credit which are then due and payable, or interest thereon, such Benefitted benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's Loans’s extensions of credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that , unless the Lender from which such payment is recovered is required to pay interest thereon, in which case each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect returning funds to such portion as fully as if such Lender were the direct holder shall pay its pro rata share of such portioninterest.

Appears in 1 contract

Samples: Collateral Agreement (General Motors Corp)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or any part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral (other than the collateral described in the Security Agreement, the Subsidiary Security Agreement and the Suspense Account Security Agreement) in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's ’s Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Roanoke Electric Steel Corp)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loansthe Principal Debt owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off setoff, or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's LoansPrincipal Debt owing to it, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's LoansPrincipal Debt owing to it, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the all Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, then such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each any Lender so purchasing a portion of another Lender's Loans may participation from a Lender pursuant to this Section may, to the fullest extent permitted by law, exercise all rights of its Rights of payment (including the Right of setoff) with respect to such portion participation as fully as if such Lender Person were the direct holder creditor of Borrower in the amount of such portionparticipation.

Appears in 1 contract

Samples: Credit Agreement (American Industrial Properties Reit Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") ----------- shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that -------- if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest unless the Benefitted Lender is required to pay interest thereon, in which case each Lender returning funds to the Benefitted Lender shall pay its pro rata share of such interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Choice One Communications Inc)

Adjustments. If any Lender (a "Benefitted benefitted Lender") shall at any time receive any payment of all or part of its LoansLoans or the Reimbursement Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 8(g), or otherwise) ), such that it has received aggregate payments or collateral on account of its Loans or the Reimbursement Obligations owing to it in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's LoansLoans which are then due and payable, or interest thereon, such Benefitted benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's LoansLoans or the Reimbursement Obligations owing to it, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Delphi Automotive Systems Corp

Adjustments. If any Lender Bank (a "Benefitted Lenderbenefitted Bank") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in clause (h) of Section 10, or otherwise) in a greater proportion than any such payment to and collateral received by any other LenderBank, if any, in respect of such other LenderBank's Loans, or interest thereon, and such Benefitted Lender greater proportionate payment or receipt of collateral is not expressly permitted hereunder, such benefitted Bank shall purchase for cash from the other Lenders Banks such portion of each such other LenderBank's Loans, or shall provide such other Lenders Bank with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender benefitted Bank to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersBanks; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lenderbenefitted Bank, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower Company agrees that each Lender Bank so purchasing a portion of another LenderBank's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender Bank were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Catherines Stores Corp)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or any part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral (other than the collateral described in the Security Agreement, the Subsidiary Security Agreement and the Suspense Account Security Agreement) in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Roanoke Electric Steel Corp)

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Adjustments. If any Lender (a "Benefitted LenderBENEFITED LENDER") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral Collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral Collateral or proceeds ratably with each of the Lenders; providedPROVIDED, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Condor Technology Solutions Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) thereon in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, Loans as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLender; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. This Subsection 6.9 shall not apply to any action taken by CoBank with respect to equity in it held by Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Ct Communications Inc /Nc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or any part of its Revolving Credit Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Revolving Credit Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Revolving Credit Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Revolving Credit Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Revolving Credit Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Markel Corp)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereonthe Obligations, or if any Lender shall at any time receive any collateral Collateral in respect to its Loans the Obligations (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion (taking into account any Absolute Rate Loans of such Lender) than any such payment to and collateral Collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansLoans and L/C Obligations, or shall provide such other Lenders with the benefits of any such collateralCollateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral Collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Revolving Credit Loans and L/C Obligations may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.(including, without

Appears in 1 contract

Samples: Credit Agreement (Corestaff Inc)

Adjustments. If any Lender (a "Benefitted LenderBENEFITED LENDER") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than as a result of the operation of the proviso to Section 4.4(b)(vii) hereof or pursuant to Sections 5.8, 5.9, 5.10, 5.11 or 14.2 hereof) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; providedPROVIDED, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Sections 4.8, 4.9, 4.10, 4.11, 4.12, 4.13 or 13.2 hereof) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Sections 5.8, 5.9, 5.10, 5.11 or 14.2 hereof) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

Adjustments. If Except to the extent that this Agreement expressly provides for payments to be allocated to a particular Lender, if any Lender (a "Benefitted Lender") shall shall, at any time after the Loans and all other amounts payable hereunder shall have become due and payable (whether at the stated maturity, by acceleration or otherwise), receive any payment of all or part of its Loansthe Obligations owing to it (other than in connection with an assignment made pursuant to Section 10.6), or interest thereon, or if any Lender shall at any time receive any [CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO THE FREEDOM OF INFORMATION ACT] collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 8(f), or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash in Dollars from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (General Motors Co)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) ), in a greater proportion than any such payment the pro rata distribution to and collateral received the extent required by any other Lender, if any, in respect of such other Lender's Loans, or interest thereonSection 5.4, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit or other Obligations, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit or other Obligations may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-set- off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

Adjustments. If SET-OFF. (a) Except to the extent that this Agreement expressly provides for payments to be allocated to a particular Lender or to the Lenders on a non pro rata basis, if any Lender (a "Benefitted LenderBENEFITTED LENDER") shall shall, at any time after the Loans and other amounts payable hereunder shall immediately become due and payable pursuant to Section 6, receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 6(g), or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; providedPROVIDED, HOWEVER, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Pooling Agreement (Bunge LTD)

Adjustments. If any Lender (a "Benefitted benefited Lender") shall at any time receive any payment of all or part of its Loans, Loans or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off or otherwise) ), such that it has received aggregate payments or collateral on account of its extensions of credit in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's Loansextensions of credit which are then due and payable, or interest thereon, such Benefitted benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's Loansextensions of credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that , unless the Lender from which such payment is recovered is required to pay interest thereon, in which case each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect returning funds to such portion as fully as if such Lender were the direct holder shall pay its pro rata share of such portioninterest.

Appears in 1 contract

Samples: General Motors Corp

Adjustments. If any Lender (a "Benefitted “benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 7(g), or otherwise) ), such that it has received aggregate payments or collateral on account of its Loans in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's Loans’s Loans which are then due and payable, or interest thereon, such Benefitted benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's ’s Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Delphi Automotive Systems Corp

Adjustments. If any Lender (a "Benefitted “benefitted Lender") shall at any time receive any payment of all or part of its LoansLoans or the Reimbursement Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 8(g), or otherwise) ), such that it has received aggregate payments or collateral on account of its Loans or the Reimbursement Obligations owing to it in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's Loans’s Loans which are then due and payable, or interest thereon, such Benefitted benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's Loans’s Loans or the Reimbursement Obligations owing to it, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Delphi Automotive Systems Corp

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or any part of its Loansthe Advances made by such Lender, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 9.1(k) or (m), or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, Lender in respect of such other Lender's Loans’s Advances, or interest thereon, such Benefitted Lender shall purchase for cash from each of the other Lenders such portion of each such other Lender's Loans’s Advances, or and shall provide each of such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; , provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans ’s Advances may exercise all rights of payment (including, without limitation, rights of set-off, to the extent not prohibited by law) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/)

Adjustments. If any Lender (a "Benefitted benefited Lender") shall at any time receive any payment of all or part of its LoansLoans or the Reimbursement Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, or otherwise) in a greater proportion than ), and, after giving effect to any such payment to and or the receipt of any such collateral, such benefited Lender shall have received a greater proportionate payment (determined in accordance with subsection 4.7) or interest in collateral than that received by any other relevant Lender, if any, in respect of such other relevant Lender's Loansrelevant Loans or, if applicable, the Reimbursement Obligations owing to it, or interest thereon, such Benefitted benefited Lender shall purchase for cash from the other relevant Lenders a participating or other similar interest in such portion of each such other relevant Lender's Loansrelevant Loans or, if applicable, the Reimbursement Obligations owing to it, or shall provide such other relevant Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; Lenders entitled to the same under this subsection, provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Service Merchandise Co Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Sections 4.8, 4.9, 4.10, 4.11, 4.12, 4.13 or 13.2 hereof) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Adjustments. If (a) Each Lender agrees that if any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's LoansLoan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Loan Agreement (CBL & Associates Properties Inc)

Adjustments. If any Lender (a "Benefitted LenderBENEFITTED LENDER") shall at any time receive any payment of all or part of its LoansLoan, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off through the exercise of a right of bank's lien, setoff or counterclaim against Borrower, pursuant to events or proceedings of the nature referred to in ARTICLE IX(H), or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's LoansLoan, or interest thereon, such Benefitted Benefited Lender shall purchase at par for cash from the other Lenders a participating interest in such portion of each such other Lender's LoansLoan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; providedLender: PROVIDED, HOWEVER, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Assumption Agreement (Mack Cali Realty Corp)

Adjustments. If any Lender (a "Benefitted LenderBENEFITTED LENDER") shall at any time receive any payment of all or part of its Loansthe Loans owing to it, or interest thereon, or if any Lender shall at any time receive any collateral Collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, or otherwise) ), in a greater proportion than any such payment to and collateral or Collateral received by any other Lender, if any, in respect of such other Lender's LoansLoans owing to it, or interest thereon, such Benefitted benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's LoansLoans owing to it, or shall provide such other Lenders with the benefits of any such collateralCollateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral Collateral or proceeds ratably with each of the Lenders; providedPROVIDED, that HOWEVER, THAT if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each any Lender so purchasing a portion of another Lender's Loans may participation from a Lender pursuant to this SECTION 3.13 may, to the fullest extent permitted by Law, exercise all of its rights of payment (including the right of set-off) with respect to such portion participation as fully as if such Lender Person were the direct holder creditor of Borrower in the amount of such portionparticipation.

Appears in 1 contract

Samples: Credit Agreement (Nci Building Systems Inc)

Adjustments. If any Lender (a "Benefitted benefitted Lender") shall at any ------------ ----------------- time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 12(c), or otherwise) ), in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereonits Loan Share, such Benefitted benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Lenders' Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the other Lenders; providedprovided however, that if -------- ------- all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each any Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Loan Agreement (Markwest Hydrocarbon Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Section 3.8, 3.9, 3.10, 3.11 or 10.2) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect excess of such other Lender's Loans, or interest thereonits Ratable Share, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's ’s Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 7(f), or otherwise) ), such that it has received aggregate payments or collateral on account of its Loans in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's LoansLoans that are then due and payable, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Residential Funding Corp

Adjustments. If any Lender (a "Benefitted benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 7(g), or otherwise) ), such that it has received aggregate payments or collateral on account of its Loans in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's LoansLoans which are then due and payable, or interest thereon, such Benefitted benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Delphi Automotive Systems Corp

Adjustments. If any Lender LENDER (a "Benefitted LenderBENEFITTED LENDER") shall at any time receive any payment of all or part of its LoansEXTENSIONS OF CREDIT, or interest thereon, or if any Lender LENDER shall at any time receive any collateral in respect to its Loans EXTENSIONS OF CREDIT (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other LenderLENDER, if any, in respect of such other Lender's LoansLENDER'S EXTENSIONS OF CREDIT, or interest thereon, such Benefitted Lender BENEFITTED LENDER shall purchase for cash from the other Lenders LENDERS such portion of each such other Lender's LoansLENDER'S EXTENSIONS OF CREDIT, or shall provide such other Lenders LENDERS with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender BENEFITTED LENDER to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLENDERS; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted LenderBENEFITTED LENDER, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower BORROWER agrees that each Lender LENDER so purchasing a portion of another Lender's Loans LENDERS' EXTENSIONS OF CREDIT may exercise all rights of payment including, without limitation, rights of set- off) with respect to such portion as fully as if such Lender LENDER were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Unc Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment (other than regularly scheduled payments of principal and interest prior to any Default) of all or any part of its LoansFacilities hereunder, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereon (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereonits Pro Rata Share, such Benefitted Lender shall purchase for cash from the other Lenders such portion portions of each such the other Lender's LoansLenders' Notes, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such the Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the other Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such the Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Notes may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Chromcraft Revington Inc)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect of the Obligations owing to its Loans it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase a participation for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with a participation in the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the other Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Insignia Financial Group Inc /De/)

Adjustments. If any Lender (a "Benefitted Benefited Lender") shall at ----------- any time receive any payment of all or part of its Loans, or interest thereonthe Obligations owing thereto, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing thereto (whether voluntarily or involuntarily, by set-off or otherwise) ), in a greater proportion than any such payment the pro rata distribution to and collateral received the extent --- ---- required by any other Lender, if any, in respect of such other Lender's Loans, or interest thereonSection 5.4, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit or other Obligations, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion -------- of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit or other Obligations may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral Collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral Collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateralCollateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral Collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Day Credit Agreement (Lci International Inc /Va/)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Sections 5.8, 5.9, 5.10, 5.11 or 14.2 hereof) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's Loans’s Extensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's Loans ’s Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Belk Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 5(g), or otherwise) ), in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's ’s Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLenders as to each Category of Loans; provided, however, that if all or any portion of such excess payment or benefits benefit is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each any Lender so purchasing a portion of another Lender's Loans may participation from a Lender pursuant to this Section 8.10 may, to the fullest extent permitted by law, exercise all of its rights of payment (including the right of set-off) with respect to such portion participation as fully as if such Lender Person were the direct holder creditor of the Borrower in the amount of such portionparticipation.

Appears in 1 contract

Samples: Credit Agreement (Tech Data Corp)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral Collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 12(g) and (h), or otherwise) in a greater proportion than any such payment to and collateral Collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansLoan, or shall provide such other Lenders with the benefits of any such collateralCollateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral Collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Loan may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Loan and Security Agreement (Cmi Industries Inc)

Adjustments. If any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment with respect to such portion as fully as if such Lender were the direct holder of such portion.payment

Appears in 1 contract

Samples: Credit Agreement (United States Lime & Minerals Inc)

Adjustments. If Subject to the provisions of Section 5.4(b) above, if any Lender (a "Benefitted Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders such portion of each such other Lender's LoansExtensions of Credit, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower Borrowers agrees that each Lender so purchasing a portion of another Lender's Loans Extensions of Credit may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Dollar Express Inc)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loansthe Obligations owing to it, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans the Obligations owing to it (whether voluntarily or involuntarily, by set-off or otherwise) (other than pursuant to Section 3.8, 3.9, 3.10, 3.11 or 10.2) in a greater proportion (taking into account any Competitive Bid Loan of such Lender) than any such payment to and collateral received by any other Lender, if any, in respect of the similar Obligations owing to such other Lender's Loans, or interest thereon, such Benefitted Benefited Lender shall purchase for cash from the other Lenders such portion of each such other Lender's ’s Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees Borrowers agree that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

Adjustments. If Each Lender agrees that if any Lender (a "Benefitted Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off off, pursuant to events or proceedings of the nature referred to in Section 6.01(f), or otherwise) in a greater proportion than any such payment to and or collateral received by any other Lender, if any, in respect of such other Lender's Loans, or interest thereon, such Benefitted benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender's LoansLoan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

Appears in 1 contract

Samples: Revolving Loan Agreement (Capital Lease Funding Inc)

Adjustments. SET-OFF. (a) If any Lender Purchaser (a "Benefitted LenderBENEFITTED PURCHASER") shall at any time receive any payment of all or part in respect of its LoansSeries 1998-1 Invested Amount any distribution of principal, interest, Commitment Fees or other fees, or any interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans thereof (whether voluntarily or involuntarily, by set-off or otherwise) in a greater proportion than any such payment to and collateral distribution received by any other LenderPurchaser, if any, in respect of such other LenderPurchaser's LoansSeries 1998-1 Invested Amount, or interest thereon, such Benefitted Lender Purchaser shall purchase for cash from the other Lenders Purchasers such portion of each such other LenderPurchaser's Loansinterest in the VFC Certificates, or shall provide such other Lenders Purchasers with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted Lender Purchaser to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersPurchasers; providedPROVIDED, HOWEVER, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted LenderPurchaser, such purchase shall be rescinded, and the purchase price and benefits returned returned, to the extent of such recovery, but without interest. The Borrower Company agrees that each Lender Purchaser so purchasing a portion of another Lender's Loans the VFC Certificateholders' Interest may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender Purchaser were the direct holder of such portion.

Appears in 1 contract

Samples: Pooling Agreement (United Stationers Supply Co)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) thereon in a greater proportion than any such payment to and collateral received by any other LenderLender (other than pursuant to Subsection 1.12(2)), if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Benefited Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, ’s Loans as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLender; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. This Subsection 6.8 shall not apply to any action taken by CoBank with respect to equity in it held by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Citizens Communications Co)

Adjustments. If any Lender (a "Benefitted “Benefited Lender") shall at any time receive any payment of all or part of its Loans, or interest thereon, or if any Lender shall at any time receive any collateral in respect to its Loans (whether voluntarily or involuntarily, by set-off or otherwise) thereon in a greater proportion than any such payment to and collateral received by any other Lender, if any, in respect of such other Lender's ’s Loans, or interest thereon, such Benefitted Benefited Lender shall shall, to the extent permitted by Applicable Law, purchase for cash from the other Lenders such portion of each such other Lender's Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, ’s Loans as shall be necessary to cause such Benefitted Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the LendersLender; provided, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender's ’s Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. This Subsection 6.9 shall not apply to any action taken by CoBank with respect to equity in it held by Borrower.

Appears in 1 contract

Samples: Credit Agreement

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