Recovering Finance Party's. rights On a distribution by the Agent under Clause 28.2 (Redistribution of payments) of a payment received by a Recovering Finance Party from a Security Party, as between the relevant Security Party and the Recovering Finance Party, an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by that Security Party.
Appears in 7 contracts
Samples: Loan Agreement (Diana Containerships Inc.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Recovering Finance Party's. rights On a distribution by the Agent under Clause 28.2 27.2 (Redistribution of payments) of a payment received by a Recovering Finance Party from a Security Party, as between the relevant Security Party and the Recovering Finance Party, an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by that Security Party.
Appears in 3 contracts
Samples: Loan Agreement, Secured Loan Agreement (Genco Shipping & Trading LTD), Safe Bulkers, Inc.
