Common use of Payments on Participated Swing Loans Clause in Contracts

Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's Swing Loan Refund Amount pursuant to Section 2.01(f), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations pursuant to Section 2.01(f), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participating interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 4 contracts

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc)

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Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's ’s Swing Loan Refund Amount pursuant to Section 2.01(f§2.1(b)(iii), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations pursuant to Section 2.01(f§2.1(b)(iii), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's ’s participating interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 3 contracts

Samples: Credit Agreement (Mack Cali Realty L P), Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty L P)

Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's ’s Swing Loan Refund Amount pursuant to Section 2.01(f2.1(b)(iv), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations Participation Interests pursuant to Section 2.01(f2.1(b)(iv), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participating interest ’s Participation Interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.), Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa), Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa)

Payments on Participated Swing Loans. Whenever, at any time after ------------------------------------ the Swing Lender has received from any Revolving Lender Bank such Revolving LenderBank's Swing Loan Refund Amount pursuant to Section 2.01(f2.1(a)(iv), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders Banks have purchased participations pursuant to Section 2.01(f2.1(a)(iv), the Swing Lender will promptly distribute to each such Revolving Lender Bank its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving LendersBanks) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving LenderBank's participating interest was outstanding and funded); provided, however, that in -------- ------- the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender Bank will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 2 contracts

Samples: Credit Agreement (Cabot Industrial Trust), Credit Agreement (Cabot Industrial Properties Lp)

Payments on Participated Swing Loans. Whenever, at any time after ------------------------------------ the Swing Lender has received from any Revolving Lender Bank such Revolving LenderBank's Swing Loan Refund Amount pursuant to Section 2.01(f2.1(a)(iv), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders Banks have purchased participations pursuant to Section 2.01(f2.1(a)(iv), the Swing Lender will promptly distribute to each such Revolving Lender Bank its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving LendersBanks) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving LenderBank's participating interest was outstanding and funded); provided, -------- however, that in the event that such payment received by the Swing Lender is ------- required to be returned, such Revolving Lender Bank will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Cabot Corp), Assignment and Assumption Agreement (Cabot Industrial Trust)

Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's Swing Loan Refund Amount pursuant to Section 2.01(f2.1(b)(iii), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations pursuant to Section 2.01(f2.1(b)(iii), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participating interest was outstanding and funded); providedPROVIDED, howeverHOWEVER, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty Corp)

Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's ’s Swing Loan Refund Amount pursuant to Section 2.01(f), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations pursuant to Section 2.01(f), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's ’s participating interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's ’s Swing Loan Refund Amount pursuant to Section 2.01(f2.1(c)(iii), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations pursuant to Section 2.01(f2.1(c)(iv), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's ’s participating interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 1 contract

Samples: Assignment and Acceptance (Mills Corp)

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Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's Swing Loan Refund Amount pursuant to Section 2.01(f2.1(b)(iii), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations Participation Interests pursuant to Section 2.01(f2.1(b)(iv), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participating interest Participation Interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 1 contract

Samples: Credit Agreement (Brandywine Realty Trust)

Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's Swing Loan Refund Amount pursuant to Section 2.01(fSECTION 2.1(c)(iii), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations pursuant to Section 2.01(fSECTION 2.1(c)(iv), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participating interest was outstanding and funded); providedPROVIDED, howeverHOWEVER, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mills Corp)

Payments on Participated Swing Loans. Whenever, at any time after the a Swing Lender has received from any Revolving Lender such Revolving Lender's ’s Swing Loan Refund Amount pursuant to Section 2.01(f2.1(b)(iv), the such Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations Participation Interests pursuant to Section 2.01(f2.1(b)(iv), the such Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participating interest ’s Participation Interest was outstanding and funded); provided, however, that in the event that such payment received by the such Swing Lender is required to be returned, such Revolving Lender will return to the such Swing Lender any portion thereof previously distributed to it by the such Swing Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.)

Payments on Participated Swing Loans. Whenever, at any time after the Swing Lender has received from any Revolving Lender such Revolving Lender's Swing Loan Refund Amount pursuant to Section 2.01(f2.01(e), the Swing Lender receives any payment on account of the Swing Loans in which the Revolving Lenders have purchased participations pursuant to Section 2.01(f2.01(e), the Swing Lender will promptly distribute to each such Revolving Lender its ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Revolving Lenders) of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participating interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Lender is required to be returned, such Revolving Lender will return to the Swing Lender any portion thereof previously distributed to it by the Swing Lender.

Appears in 1 contract

Samples: Credit Agreement (Alliant Techsystems Inc)

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