Common use of Effect of Purchase of Participating Interest Clause in Contracts

Effect of Purchase of Participating Interest. The Sponsor’s purchase of an undivided participating interest in the Loans in the full amount (if any) required pursuant to Section 4.01 following a Defaulted Payment in respect of Equity Contributions, shall satisfy the Sponsor’s obligation pursuant to Section 2.01 to make Equity Contributions to the extent of the amount of such Loans so purchased by the Sponsor.

Effect of Purchase of Participating Interest. The Sponsor’s 's purchase of an undivided participating interest in the Loans in the full amount (if any) required pursuant to Section 4.01 4.1 following a Defaulted Payment in respect of Sponsor Equity Contributions, shall satisfy the Sponsor’s 's obligation pursuant to Section 2.01 2.1 to make Sponsor Equity Contributions to the extent of the amount of such Loans so purchased by the Sponsor.