Common use of Revolving Loan Payments Clause in Contracts

Revolving Loan Payments. (a) With respect to each Revolving Loan included as part of the Purchased Collateral or Contributed Collateral, as of any date of determination prior to the occurrence of a Termination Event or Unmatured Termination Event, Collections from the Obligor on such Revolving Loan shall be shared and applied proportionately as between any balance outstanding in connection with the Retained Interest and the Outstanding Loan Balance of such Revolving Loan purchased by the Buyer under and in accordance with Section 2.1 hereof in accordance with the percentages determined as follows: (a) in the case of the Seller, by dividing (i) the outstanding principal amount of the advances made in connection with the Retained Interest by (ii) the sum of all advances previously made in connection with the Revolving Loan; and (b) in the case of the Buyer, by dividing (i) the Outstanding Loan Balance of such Revolving Loan by (ii) the sum of all advances previously made in connection with the Revolving Loan. (b) Notwithstanding the foregoing or anything to the contrary contained herein or any Transaction Document, any payments made by any Hedge Counterparty pursuant to the terms of the Hedging Agreements shall be solely for the benefit of the Trustee, for the benefit of the Secured Parties, and shall not be subject to the pro rata sharing provisions of this Section 10.18. In furtherance of the foregoing clause of this paragraph, the Seller hereby releases any right, title, or interest it may have in or to any payment made or to be made at any time by any Hedge Counterparty pursuant to the terms of any Hedging Agreement.

Revolving Loan Payments. (a) With respect to each Revolving Loan included as part of the Purchased Collateral or Contributed CollateralAsset Pool, as of any date of determination prior to determination, (a) the occurrence outstanding principal amount of a Termination Event or Unmatured Termination Event, the Retained Advances (if any) and (b) the Outstanding Loan Balance of such Revolving Loan funded by the Purchaser under and in accordance with Section 2.1 hereof shall share all Collections from the Obligor on such Revolving Loan shall be shared and applied proportionately as between any balance outstanding and all Recoveries with respect to any Related Property in connection with an amount equal to the Retained Interest and percentage equivalent of the Outstanding Loan Balance of such Revolving Loan purchased by the Buyer under and in accordance with Section 2.1 hereof in accordance with the percentages determined as followsfollowing fraction: (a) in the case numerator of the Sellerwhich is equal to, by dividing as applicable, (i) the outstanding principal amount of the advances made in connection with the Retained Interest by Advances (if any) as to such Revolving Loan, or (ii) the sum of all advances previously made in connection with the Revolving Loan; and (b) in the case of the Buyer, by dividing (i) the Outstanding Loan Balance of such Revolving Loan by Loan, and (b) the denominator of which is the sum of (i) the outstanding principal amount of the Retained Advances (if any) as to such Revolving Loan, and (ii) the sum Outstanding Loan Balance of all advances previously made in connection with the such Revolving Loan. (b) . Notwithstanding the foregoing or anything to the contrary contained herein or any Transaction Document, any payments made by any Hedge Counterparty Counterparty, at any time, pursuant to the terms of the Hedging Hedge Agreements shall be solely for the benefit of the Trustee, for the benefit of Deal Agent and the Secured Parties, and shall not be subject to the pro rata sharing provisions of this Section 10.18. In 11.17; in furtherance of the foregoing clause (b) of this paragraph, the Seller Originator hereby releases any 98 104 right, title, or interest it may have in or to any payment made or to be made at any time by any Hedge Counterparty pursuant to the terms of any Hedging Hedge Agreement.

Revolving Loan Payments. (a) With respect to each Revolving Loan included as part of the Purchased Collateral or Contributed CollateralAsset Pool, as of any date of determination prior to determination, (a) the occurrence outstanding principal amount of a Termination Event or Unmatured Termination Event, the Retained Advances (if any) and (b) the Outstanding Loan Balance of such Revolving Loan funded by the Purchaser under and in accordance with Section 2.1 hereof shall share all Collections from the Obligor on such Revolving Loan shall be shared and applied proportionately as between any balance outstanding and all Recoveries with respect to any Related Property in connection with an amount equal to the Retained Interest and percentage equivalent of the Outstanding Loan Balance of such Revolving Loan purchased by the Buyer under and in accordance with Section 2.1 hereof in accordance with the percentages determined as followsfollowing fraction: (a) in the case numerator of the Sellerwhich is equal to, by dividing as applicable, (i) the outstanding principal amount of the advances made in connection with the Retained Interest by Advances (if any) as to such Revolving Loan, or (ii) the sum of all advances previously made in connection with the Revolving Loan; and (b) in the case of the Buyer, by dividing (i) the Outstanding Loan Balance of such Revolving Loan by Loan, and (b) the denominator of which is the sum of (i) the outstanding principal amount of the Retained Advances (if any) as to such Revolving Loan, and (ii) the sum Outstanding Loan Balance of all advances previously made in connection with the such Revolving Loan. (b) . 103 109 Notwithstanding the foregoing or anything to the contrary contained herein or any Transaction Document, any payments made by any Hedge Counterparty Counterparty, at any time, pursuant to the terms of the Hedging Hedge Agreements shall be solely for the benefit of the Trustee, for the benefit of Deal Agent and the Secured Parties, and shall not be subject to the pro rata sharing provisions of this Section 10.18. In 11.17; in furtherance of the foregoing clause (b) of this paragraph, the Seller Originator hereby releases any right, title, or interest it may have in or to any payment made or to be made at any time by any Hedge Counterparty pursuant to the terms of any Hedging Hedge Agreement.

Revolving Loan Payments. (a) With respect to each Revolving Loan included as part of the Purchased Collateral or Contributed Collateral, as of any date of determination prior to the occurrence of a Termination Event or Unmatured Termination Event, Collections from the Obligor on such Revolving Loan shall be shared and applied proportionately as between any balance outstanding in connection with the Retained Interest and the Outstanding Loan Asset Balance of such Revolving Loan purchased by the Buyer under and in accordance with Section 2.1 hereof in accordance with the percentages determined as follows: (a) in the case of the Seller, by dividing (i) the outstanding principal amount of the advances made in connection with the Retained Interest by (ii) the sum of all advances previously made in connection with the Revolving Loan; and (b) in the case of the Buyer, by dividing (i) the Outstanding Loan Asset Balance of such Revolving Loan by (ii) the sum of all advances previously made in connection with the Revolving Loan. (b) Notwithstanding the foregoing or anything to the contrary contained herein or any Transaction Document, any payments made by any Hedge Counterparty pursuant to the terms of the Hedging Hedge Agreements shall be solely for the benefit of the TrusteeDeal Agent, for the benefit of and the Secured Parties, and shall not be subject to the pro rata sharing provisions of this Section 10.18. In furtherance of the foregoing clause of this paragraph, the Seller hereby releases any right, title, or interest it may have in or to any payment made or to be made at any time by any Hedge Counterparty pursuant to the terms of any Hedging Hedge Agreement.

Revolving Loan Payments. (a) With respect to each Revolving Loan included as part of the Purchased Collateral or Contributed Collateral, as of any date of determination prior to the occurrence of a Termination Event or Unmatured Termination Event, Collections from the Obligor on such Revolving Loan shall be shared and applied proportionately as between any balance outstanding in connection with the Retained Interest and the Outstanding Loan Asset Balance of such Revolving Loan purchased by the Buyer under and in accordance with Section 2.1 hereof in accordance with the percentages determined as follows: (a) in the case of the Seller, by dividing (i) the outstanding principal amount of the advances made in connection with the Retained Interest by (ii) the sum of all advances previously made in connection with the Revolving Loan; and (b) in the case of the Buyer, by dividing (i) the Outstanding Loan Asset Balance of such Revolving Loan by (ii) the sum of all advances previously made in connection with the Revolving Loan. (b) Notwithstanding the foregoing or anything to the contrary contained herein or any Transaction Document, any payments made by any Hedge Counterparty pursuant to the terms of the Hedging Hedge Agreements shall be solely for the benefit of the TrusteeAdministrative Agent, for the benefit of and the Secured Parties, and shall not be subject to the pro rata sharing provisions of this Section 10.18. In furtherance of the foregoing clause of this paragraph, the Seller hereby releases any right, title, or interest it may have in or to any payment made or to be made at any time by any Hedge Counterparty pursuant to the terms of any Hedging Hedge Agreement.