Funding and Subordination of Defaulted Amount Sample Clauses

Funding and Subordination of Defaulted Amount. (i) Any or all of the Non-Defaulting Lenders shall be entitled (but shall not be obligated) to fund the Defaulted Amount, and collect interest at the Default Rate on the Defaulted Amount from a Defaulting Lender (after crediting all interest actually paid by Borrower on the Defaulted Amount from time to time) from amounts otherwise payable to such Defaulting Lender for the period from the date on which the payment was due until the date on which payment is made. If more than one Lender elects to advance a portion of the Defaulted Amount, such Xxxxxxx’ advances shall be made based on the relative Ratable Shares of the Loan of each advancing Lender or as otherwise agreed to by such Xxxxxxx. Each Defaulting Xxxxxx agrees to repay on demand each of the Non-Defaulting Lenders who have advanced a portion of such Defaulting Lender’s Defaulted Amount;
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