Common use of Completion Sums Clause in Contracts

Completion Sums. Completion Guarantor has the right to incur or advance Completion Sums at any time at its sole discretion. Completion Sums will be fully recoverable as provided in the Completion Agreement or by other agreement by and between Producer and Completion Guarantor, subject, if applicable, to the terms of the Interparty Agreement. The termination of or release of Completion Guarantor’s obligations hereunder shall not affect Completion Guarantor’s right to recover all Completion Sums. Beneficiary agrees that, as between Beneficiary and Completion Guarantor, Completion Guarantor is solely entitled to any Excess Incentives until Completion Guarantor’s full recoupment of all Completion Sums after payment of Incentives to Beneficiary until the Repayment Date applicable to Beneficiary. If Beneficiary shall collect any Excess Incentives after the Repayment Date applicable to Beneficiary, then Beneficiary will promptly pay such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of all Completion Sums.

Completion Sums. Completion Guarantor has the right to incur or advance Completion Sums at any time at its sole discretion. Completion Sums will be fully recoverable as provided in the Completion Agreement or by other agreement by and between Producer and Completion Guarantor, subject, if applicable, to the terms of the Interparty Agreement. The termination of or release of Completion Guarantor’s obligations hereunder shall not affect Completion Guarantor’s right to recover all Completion Sums. Beneficiary agrees that, as between Beneficiary and Completion Guarantor, Completion Guarantor is solely entitled to any Excess Incentives until Completion Guarantor’s full recoupment of all Completion Sums after payment of Incentives to Beneficiary until the Repayment Date applicable to Beneficiary. If Beneficiary shall collect any such Excess Incentives after the Repayment Date applicable to BeneficiaryIncentives, then Beneficiary will promptly pay such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of all Completion Sums.

Completion Sums. Completion Guarantor has the right to incur or advance Completion Sums at any time at in its sole discretion. Completion Sums will be fully recoverable as provided in the Completion Agreement or by other agreement by and between Producer and Completion Guarantor, subject, if applicable, to the terms of the Interparty Agreement. The termination of or release of Completion Guarantor’s obligations hereunder shall not affect Completion Guarantor’s right to recover all Completion Sums. Beneficiary agrees that, as between Beneficiary and Completion Guarantor, Completion Guarantor is solely entitled to any Excess Incentives until Completion Guarantor’s full recoupment of all Completion Sums after payment of Incentives to Beneficiary until the Repayment Date applicable to Beneficiary. If Beneficiary shall collect any such Excess Incentives after the Repayment Date applicable to BeneficiaryIncentives, then Beneficiary will promptly pay such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of all Completion Sums.

Completion Sums. Completion Guarantor has the right to incur or advance Completion Sums at any time at in its sole discretion. Completion Sums so advanced by Completion Guarantor will be fully recoverable after the Beneficiary Repayment Date as provided in the Completion Agreement or by other agreement by and between Producer and Completion GuarantorAgreement, subject, if applicable, to the terms of the Interparty Agreement. The termination of or release of Completion Guarantor’s obligations hereunder shall not affect Completion Guarantor’s right to recover all Completion SumsSums from Producer. Beneficiary agrees that, as between Beneficiary and Completion Guarantor, Completion Guarantor is solely entitled to any Excess Incentives until Completion Guarantor’s full recoupment of all Completion Sums after payment of Incentives from Producer, and to Beneficiary until the Repayment Date applicable to Beneficiary. If extent Beneficiary shall collect any Excess Incentives after the Repayment Date applicable to Beneficiarysame, then Beneficiary will promptly pay such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of all Completion SumsSums from Producer.