Common use of Recovering Finance Party’s rights Clause in Contracts

Recovering Finance Party’s rights. (a) On a distribution by the Facility Agent under Clause 29.2 (REDISTRIBUTION OF PAYMENTS), the Recovering Finance Party will be subrogated to the rights of the Finance Parties which have shared in the redistribution.

Appears in 1 contract

Samples: Facilities Agreement (Abb LTD)

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Recovering Finance Party’s rights. (a) On a distribution by the Facility Agent under Clause clause 29.2 (REDISTRIBUTION OF PAYMENTSRedistribution of payments), the Recovering Finance Party will be subrogated to the rights of the Finance Parties which have shared in the redistribution.

Appears in 1 contract

Samples: Facilities Agreement (Navios Maritime Holdings Inc.)

Recovering Finance Party’s rights. (a) On a distribution by the Facility Agent under Clause 29.2 32.2 (REDISTRIBUTION OF PAYMENTS), the Recovering Finance Party will be subrogated to the rights of the Finance Parties which have shared in the redistribution.

Appears in 1 contract

Samples: Multi Currency Term, Revolving Credit Facilities Agreement (Iron Mountain Inc/Pa)

Recovering Finance Party’s rights. (a) On a distribution by the Facility Administrative Agent under Clause 29.2 31.2 (REDISTRIBUTION OF PAYMENTSRedistribution of payments), the Recovering Finance Party will be subrogated to the rights of the Finance Parties which have shared in the redistribution.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pride International Inc)

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Recovering Finance Party’s rights. (a) On a distribution by the Facility Agent under Clause 29.2 31.2 (REDISTRIBUTION OF PAYMENTSRedistribution of payments), the Recovering Finance Party will be subrogated to the rights of the Finance Parties which have shared in the redistribution.

Appears in 1 contract

Samples: Secured Facilities Agreement (Solutia Inc)

Recovering Finance Party’s rights. (a) On a distribution by the Facility Agent and Security Trustee under Clause 29.2 11.3.2 (REDISTRIBUTION OF PAYMENTSRedistribution of payments), the Recovering Finance Party will be subrogated to the rights of the Finance Parties which have shared in the redistribution.

Appears in 1 contract

Samples: Term Facility Agreement

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