Common use of Reversal of redistribution Clause in Contracts

Reversal of redistribution. If under Clause 28.1 (Redistribution): (a) a recovering Lender must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and (b) the recovering Lender has paid a redistribution in relation to that recovery, each Lender shall, within three Business Days of demand by the recovering Lender through the Agent, reimburse the recovering Lender all or the appropriate portion of the redistribution paid to that Lender. Thereupon, the subrogation in Clause 28.1 (e) will operate in reverse to the extent of the reimbursement.

Reversal of redistribution. If under Clause 28.1 26.1 (Redistribution): (a) a recovering Lender must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and (b) the recovering Lender has paid a redistribution in relation to that recovery, each Lender shall, within three Business Days of demand by the recovering Lender through the Agent, reimburse the recovering Lender all or the appropriate portion of the redistribution paid to that Lender. Thereupon, the subrogation in Clause 28.1 26.1 (e) will operate in reverse to the extent of the reimbursement.

Reversal of redistribution. If under Clause 28.1 26.1 (Redistribution): (ai) a recovering Lender Bank must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and (bii) the recovering Lender Bank has paid a redistribution in relation to that recovery, each Lender Bank shall, within three Business Days of demand by the recovering Lender Bank through the Agent, reimburse the recovering Lender Bank all or the appropriate portion of the redistribution paid to that LenderBank. Thereupon, the subrogation in Clause 28.1 26.1 (ev) will operate in reverse to the extent of the reimbursement.

Reversal of redistribution. If under Clause 28.1 25.1 (Redistribution): (a) a A recovering Lender Bank must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and (b) the recovering Lender Bank has paid a redistribution in relation to that recovery, each Lender Bank shall, within three Business Days of demand by the recovering Lender Bank through the Agent, reimburse the recovering Lender Bank all or the appropriate portion of the redistribution paid to that LenderBank. Thereupon, the subrogation in Clause 28.1 (e25.1(e) will operate in reverse to the extent of the reimbursement.

Reversal of redistribution. If If, following a recovery under Clause 28.1 33.2 (Redistribution): (ai) a recovering Lender must subsequently Bank becomes obliged to return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and (bii) the recovering Lender Bank has paid a redistribution in relation to that recovery, each Lender Bank shall, within three (3) Business Days of demand by the recovering Lender Bank through the Agent, reimburse the recovering Lender Bank all or the appropriate portion of the redistribution paid to that LenderBank. Thereupon, the subrogation in Clause 28.1 33.2 (ev) will operate in reverse to the extent of the reimbursement.