Recovering Finance Party’s rights. 103. On a distribution by the Agent under Clause 27.2 (Redistribution of payments), the Recovering Finance Party shall be entitled to receive by way of assignment the rights of the Finance Parties to the extent they have shared in the redistribution. 104. If and to the extent that the Recovering Finance Party is not able to rely on its rights under paragraph (a) above, the relevant Obligor shall be liable to the Recovering Finance Party for a debt equal to the Sharing Payment which is immediately due and payable.
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Recovering Finance Party’s rights. 103. (a) On a distribution by the Agent and Security Trustee under Clause 27.2 11.3.2 (Redistribution of payments), the Recovering Finance Party shall will be entitled subrogated to receive by way of assignment the rights of the Finance Parties to the extent they which have shared in the redistribution. 104. If and to the extent that the Recovering Finance Party is not able to rely on its rights under paragraph (a) above, the relevant Obligor shall be liable to the Recovering Finance Party for a debt equal to the Sharing Payment which is immediately due and payable.
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Samples: Term Facilities Agreement (Sterlite Industries (India) LTD)
Recovering Finance Party’s rights. 103. 28.3.1 On a distribution by the Agent under Clause 27.2 Xxxxxx 28.2 (Redistribution of payments), the Recovering Finance Party shall will be entitled subrogated to receive by way of assignment the rights of the Finance Parties to the extent they which have shared in the redistribution. 104. 28.3.2 If and to the extent that the Recovering Finance Party is not able to rely on its rights under paragraph (a) Clause 28.3.1 above, the relevant Obligor shall be liable to the Recovering Finance Party for a debt equal to the Sharing Payment which is immediately due and payable.
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Samples: ICL Group Ltd.
Recovering Finance Party’s rights. 103. (a) On a distribution by the Agent and Security Trustee under Clause 27.2 11.3.2 (Redistribution of payments), the Recovering Finance Party shall will be entitled subrogated to receive by way of assignment the rights of the Finance Parties to the extent they which have shared in the redistribution. 104DAVE & GIRISH & CO. If and to the extent that the Recovering Finance Party is not able to rely on its rights under paragraph (a) above, the relevant Obligor shall be liable to the Recovering Finance Party for a debt equal to the Sharing Payment which is immediately due and payable.40
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Samples: Facility Agreement (Sterlite Industries (India) LTD)
Recovering Finance Party’s rights. 103. (a) On a distribution by the Agent and Security Trustee under Clause 27.2 11.3.2 (Redistribution of payments), the Recovering Finance Party shall will be entitled subrogated to receive by way of assignment the rights of the Finance Parties to the extent they which have shared in the redistribution. 104. (b) If and to the extent that the Recovering Finance Party is not able to rely on its rights under paragraph (a) above, the relevant Obligor Borrower shall be liable to the Recovering Finance Party for a debt equal to the Sharing Payment which is immediately due and payable.. 11.3.4
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Samples: Facilities Agreement
Recovering Finance Party’s rights. 103. (a) On a distribution by the Agent under Clause 27.2 31.2 (Redistribution of paymentsREDISTRIBUTION OF PAYMENTS), each Finance Party will assign to the Recovering Finance Party shall be entitled the claims (or the proof thereof) to receive by way of assignment which the rights of the Finance Parties to the extent they have shared in the redistribution. 104. If Sharing Payment is allocated and to the extent that the Recovering Finance Party is not able to rely on its rights under paragraph (a) above, the relevant Obligor shall be liable to the Recovering Finance Party for a debt in an amount equal to the that Sharing Payment which is immediately due and payablePayment.
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