PARI PASSU TREATMENT. (a) Notwithstanding anything to the contrary set forth herein, each payment or prepayment of principal and interest received after the occurrence and during the continuance of an Event of Default hereunder shall be distributed pari passu among the Banks, in accordance with the aggregate outstanding principal amount of the Obligations owing to each Bank divided by the aggregate outstanding principal amount of all Obligations.
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Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)
PARI PASSU TREATMENT. (a) Notwithstanding a)Notwithstanding anything to the contrary set forth herein, each payment or prepayment of principal and interest received after the occurrence and during the continuance of an Event of Default hereunder shall be distributed pari passu among the Banks, in accordance with the aggregate outstanding principal amount of the Obligations owing to each Bank (including its Letter of Credit Participations, Tender Guaranty Participations and any Reimbursement Obligations owing to it) divided by the aggregate outstanding principal amount of all ObligationsObligations (including any Obligations not then due and payable).
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Samples: Revolving Credit and Term Loan Agreement (Trico Marine Services Inc)
PARI PASSU TREATMENT. (a) Notwithstanding anything to the contrary set forth hereinherein and subject to Section 8.03, each payment or prepayment of principal and interest received after the occurrence and during the continuance of an Event of Default hereunder shall be distributed pari passu among the BanksLenders, in accordance with the aggregate outstanding principal amount of the Obligations owing to each Bank Lender divided by the aggregate outstanding principal amount of all Obligations.
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