Common use of Effect of redistribution Clause in Contracts

Effect of redistribution. (a) The Facility Agent must treat a redistribution as if it were a payment by the Company under this Agreement and distribute it among the Lenders, other than the recovering Lender, accordingly. (b) When the Facility Agent makes a distribution under paragraph (a) above, the recovering Lender will be subrogated to the rights of the Finance Parties which have shared in that redistribution by each Finance Party (other than the recovering Finance Party) assigning to the recovering Finance Party that part of its own corresponding claim hereunder which is allocable to its portion of the redistribution, and subsequently to such assignments being effected the Company will owe the recovering Finance Party a debt which is equal to the redistribution, immediately payable and of the type originally discharged.

Effect of redistribution. (a) The Facility Agent must treat a redistribution as if it were a payment by the Company relevant Obligor under this Agreement and distribute it among the LendersFinance Parties, other than the recovering LenderFinance Party, accordingly. (b) When the Facility Agent makes a distribution under paragraph (a) above, the recovering Lender Finance Party will be subrogated to the rights of the Finance Parties which that have shared in that redistribution by each Finance Party redistribution. (other than c) If and to the recovering Finance Party) assigning to extent that the recovering Finance Party that part is not able to rely on any rights of its own corresponding claim hereunder which is allocable to its portion of subrogation under paragraph (b) above, the redistribution, and subsequently to such assignments being effected the Company relevant Obligor will owe the recovering Finance Party a debt which is equal to the redistribution, immediately payable and of the type originally discharged.

Effect of redistribution. (a) The Facility Agent must treat a redistribution as if it were a payment by the Company under this Agreement and distribute it among the LendersFinance Parties, other than the recovering LenderFinance Party, accordingly. (b) When the Facility Agent makes a distribution under paragraph (a) above, the recovering Lender Finance Party will be subrogated to the rights of the Finance Parties which have shared in that redistribution by each Finance Party redistribution. (other than c) If and to the recovering Finance Party) assigning to extent that the recovering Finance Party that part is not able to rely on any rights of its own corresponding claim hereunder which is allocable to its portion of the redistributionsubrogation under paragraph (b) above, and subsequently to such assignments being effected the Company will owe the recovering Finance Party a debt which is equal to the redistribution, immediately payable and of the type originally discharged.

Effect of redistribution. (a) The Facility Agent must treat a redistribution as if it were a payment by the Company Owner under this Agreement and distribute it among the LendersFinance Parties, other than the recovering LenderFinance Party, accordingly. (b) When the Facility Agent makes a distribution under paragraph (a) above, the recovering Lender Finance Party will be subrogated to the rights of the Finance Parties Lenders which have shared in that redistribution by each Finance Party redistribution. (other than c) If and to the recovering Finance Party) assigning to extent that the recovering Finance Party that part is not able to rely on any rights of its own corresponding claim hereunder which is allocable to its portion of subrogation under paragraph (b) above, the redistribution, and subsequently to such assignments being effected the Company Owner will owe the recovering Finance Party a debt which is equal to the redistribution, immediately payable and of the type originally discharged. (d) If: