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: Secured Loan Facility Agreement (Diana Containerships Inc.), Secured Loan Agreement (Diana Containerships Inc.), Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.)
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 Partyan Obligor, as between the relevant Security Party Obligor 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 PartyObligor.
Appears in 5 contracts
Samples: Facility Agreement (Flex LNG Ltd.), Facilities Agreement (Flex LNG Ltd.), Facility Agreement (Flex LNG Ltd.)
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: Secured Loan Agreement, Secured Loan Agreement (Genco Shipping & Trading LTD), Secured Loan Agreement (Safe Bulkers, Inc.)
Recovering Finance Party's. rights On a distribution by the Agent under Clause 28.2 clause 35.2 (Redistribution of payments) of a payment received by a Recovering Finance Party from a Security Partyan Obligor, as between the relevant Security Party Obligor 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 PartyObligor.
Appears in 1 contract
Samples: Senior Secured Sustainability Linked Amortising Term Loan Facility (COOL Co LTD.)
Recovering Finance Party's. rights (a) On a distribution by the Agent under Clause 28.2 31.2 (Redistribution of payments) of a payment received by a Recovering Finance Party from a Security Partyan Obligor, as between the relevant Security Party Obligor 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 PartyObligor.
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Borr Drilling LTD)
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 Partyan Obligor, as between the relevant Security Party Obligor 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 PartyObligor.
Appears in 1 contract
Recovering Finance Party's. rights On a distribution by the Facility Agent under Clause 28.2 33.2 (Redistribution of payments) of a payment received by a Recovering Finance Party from a Security Partyan Obligor, as between the relevant Security Party Obligor 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 PartyObligor.
Appears in 1 contract
Samples: Facilities Agreement (Euronav NV)
