Common use of Proration of Payments Clause in Contracts

Proration of Payments. Except as provided in Section 2.5, if any Lender obtains any payment or other recovery (whether voluntary, involuntary, by application of offset or otherwise), on account of principal of or interest on any Loan (but excluding (a) any payment pursuant to Section 8 or 15.6, or (b) payments of interest on any Affected Loan) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans, then held by them, then that Lender shall purchase from the other Lenders such participations in the Loans held by them as are necessary to cause that purchasing Lender to share the excess payment or other recovery ratably with each of them, but if all or any portion of the excess payment or other recovery is thereafter recovered from that purchasing Lender, then that purchase will be rescinded and the purchase price restored to the extent of that recovery.

Proration of Payments. Except as provided in Section 2.5, if any Lender obtains any payment or other recovery (whether voluntary, involuntary, by application of offset offset, or otherwise), on account of principal of or interest on any Loan (but excluding (ai) any payment pursuant to Section 8 or 15.6, or 15.6 and (bii) payments of interest on any Affected Loan) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans, then held by them, then that Lender shall purchase from the other Lenders such participations in the Loans held by them as are necessary to cause that purchasing Lender to share the excess payment or other recovery ratably with each of them, but if all or any portion of the excess payment or other recovery is thereafter recovered from that purchasing Lender, then that purchase will be rescinded and the purchase price restored to the extent of that recovery.

Proration of Payments. Except as provided in Section 2.5, if any Lender obtains any payment or other recovery (whether voluntary, involuntary, by application of offset or otherwise), on account of principal of or interest on any Loan (but excluding (a) any payment pursuant to Article VIII or Section 8 or 15.6, or (b) payments of interest on any Affected affected Loan) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans, then held by them, then that Lender shall purchase from the other Lenders such participations in the Loans held by them as are necessary to cause that purchasing Lender to share the excess payment or other recovery ratably with each of them, but if all or any portion of the excess payment or other recovery is thereafter recovered from that purchasing Lender, then that purchase will be rescinded and the purchase price restored to the extent of that recovery.

Proration of Payments. Except as provided in Section 2.5, if If any Lender obtains shall obtain any payment or other recovery (whether voluntary, involuntary, by application of offset or otherwise), on account of principal of or interest on any Loan (Loan, but excluding (ai) any payment pursuant to Section 8 8.7 or 15.6, or Section 15.6 and (bii) payments of interest on any Affected Loan)) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans, Loans (or such participation) then held by them, then that such Lender shall purchase from the other Lenders such participations in the Loans held by them as are shall be necessary to cause that such purchasing Lender to share the excess payment or other recovery ratably with each of them, but ; provided that if all or any portion of the excess payment or other recovery is thereafter recovered from that such purchasing Lender, then that the purchase will shall be rescinded and the purchase price restored to the extent of that such recovery.

Proration of Payments. Except as provided in Section 2.52.6, if any Lender obtains shall obtain any payment or other recovery (whether voluntary, involuntary, by application of offset or otherwise), on account of principal of or interest on any Loan (but excluding (ai) any payment pursuant to Section 8 or 15.6, or Section 15.6 and (bii) payments of interest on any Affected LoanLoan described in Section 8.3) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans, Loans (or such participation) then held by them, then that such Lender shall purchase from the other Lenders such participations in the Loans held by them as are shall be necessary to cause that such purchasing Lender to share the excess payment or other recovery ratably with each of them, but ; provided that if all or any portion of the excess payment or other recovery is thereafter recovered from that such purchasing Lender, then that the purchase will shall be rescinded and the purchase price restored to the extent of that such recovery.

Proration of Payments. Except as provided in Section 2.52.6, if any Lender obtains any payment or other recovery (whether voluntary, involuntary, by application of offset offset, or otherwise), on account of principal of or interest on any Loan (but excluding (ai) any payment pursuant to Section 8 or 15.6, or 15.6 and (bii) payments of interest on any Affected Loan) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans, then held by them, then that Lender shall purchase from the other Lenders such participations in the Loans held by them as are necessary to cause that purchasing Lender to share the excess payment or other recovery ratably with each of them, but if all or any portion of the excess payment or other recovery is thereafter recovered from that purchasing Lender, then that purchase will be rescinded and the purchase price restored to the extent of that recovery.