Loan Recoveries Sample Clauses

Loan Recoveries. Within five Business Days after any amounts are received or recovered by or on behalf of the Company in respect of the D&O Loans, the Company shall first, prepay Borrowings (other than Tranche A-1 Term Borrowings and Tranche B-1 Term Borrowings) in an aggregate amount equal to the amounts so received or recovered less any fees, costs and expenses reasonably incurred by or on behalf of the Company in connection therewith (the "D&O Prepayment Amount"), until such Borrowings are repaid in full and then, prepay other Borrowings with any remaining amount of such D&O Prepayment Amount; provided that a prepayment of the Borrowings with respect to amounts received under or in respect of any Adjustment Agreement shall be required pursuant to this paragraph only to the extent that the aggregate amount of D&O Prepayment Amounts received under or in respect of all Adjustment Agreements in any Fiscal Year exceeds $2,500,000 (and then only in an aggregate amount equal to such excess); and provided further that until such time as the Company shall have applied or contributed $30,000,000 in the aggregate pursuant to this proviso, up to 45% of the amount of any D&O Prepayment Amount shall not be required to be applied to the prepayment of the Borrowings to the extent otherwise applied to pay Allowed Class 10A Claims in cash or contributed by the Company to one or more Insurance Subsidiaries and retained as capital and surplus of such Insurance Subsidiaries.
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Loan Recoveries 
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Related to Loan Recoveries

  • Recoveries (a) With respect to any Class of Certificates (other than the Class P Certificates) to which a Realized Loss has been allocated (including any such Class for which the related Class Principal Balance has been reduced to zero), the Class Principal Balance of such Class will be increased, up to the amount of related Non-PO Recoveries for such Distribution Date as follows:

  • Allocation of Recoveries (a) If more than one of the parties hereto is damaged in a single loss for which recovery is received under the policy, each such party shall receive that portion of the recovery which represents the loss sustained by that party, unless the recovery is inadequate to fully indemnify such party sustaining loss.

  • DISTRIBUTIONS AND SERVICING ADVANCES Section 4.01

  • Sharing of Recoveries Each Purchaser agrees that if it receives any recovery, through set-off, judicial action or otherwise, on any amount payable or recoverable hereunder in a greater proportion than should have been received hereunder or otherwise inconsistent with the provisions hereof, then the recipient of such recovery shall purchase for cash an interest in amounts owing to the other Purchasers (as return of Capital or otherwise), without representation or warranty except for the representation and warranty that such interest is being sold by each such other Purchaser free and clear of any Adverse Claim created or granted by such other Purchaser, in the amount necessary to create proportional participation by the Purchaser in such recovery. If all or any portion of such amount is thereafter recovered from the recipient, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest.

  • Collections Payment Processing Remittance (a) Collection Efforts, Policies, Procedures.

  • Collections All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.

  • Expenses and Recoveries The enforcing Party bringing a claim, suit or action under this Section 4.3 shall be solely responsible for any expenses incurred by such Party as a result of such claim, suit or action. If such Party recovers monetary damages in such claim, suit or action, except as otherwise agreed by the Parties in connection with a cost-sharing arrangement, such recovery shall be allocated first to the reimbursement of any expenses incurred by the Parties in such litigation, and any remaining amounts shall be shared as follows: [***].

  • No Servicer Advances The Servicer shall not make any advances of interest on or principal of the Securitization Bonds.

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