Common use of Sharing Repayments Clause in Contracts

Sharing Repayments. Each Lender agrees that, subsequent to the Adjustment Time, it will at any time and from time to time upon the request of the Agent purchase undivided participations in the Secured Obligations and make any other adjustments which may be necessary or appropriate, in order that the Secured Obligations which remain outstanding to each Lender and its Hedging Affiliates and Cash Managers are thereafter outstanding, as adjusted pursuant to this Section, in accordance with the provisions of Section 12.7. Each Borrower agrees to do, or cause to be done (whether by it or its Subsidiaries), all things reasonably necessary or appropriate to give effect to any and all purchases and other adjustments by and between the Lenders pursuant to this Section. For certainty, a Lender shall only be required to purchase participations in Lender Financial Instrument Obligations or Cash Management Obligations pursuant to this Section 12.9 to the extent money, property and Realization Proceeds have not been distributed in accordance with Section 12.7.

Appears in 2 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Facilities (Baytex Energy Corp.)

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Sharing Repayments. Each Lender agrees that, subsequent to the Adjustment Time, it will at any time and from time to time upon the request of the Agent purchase undivided participations in the Secured Obligations and make any other adjustments which may be necessary or appropriate, in order that the Secured Obligations which remain outstanding to each Lender and its Hedging Affiliates and Cash Managers are thereafter outstanding, as adjusted pursuant to this Section, in accordance with the provisions of Section 12.711.7. Each Borrower agrees to do, or cause to be done (whether by it or its Subsidiaries), all things reasonably necessary or appropriate to give effect to any and all purchases and other adjustments by and between the Lenders pursuant to this Section. For certainty, a Lender shall only be required to purchase participations in Lender Financial Instrument Obligations or Cash Management Obligations pursuant to this Section 12.9 11.9 to the extent money, property and Realization Proceeds have not been distributed in accordance with Section 12.711.7.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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Sharing Repayments. Each Lender agrees that, subsequent to the Adjustment Time, it will at any time and from time to time upon the request of the Agent purchase undivided participations in the Secured Obligations and Lender Financial Instrument Obligations and make any other adjustments which may be necessary or appropriate, in order that the Secured Obligations and Lender Financial Instrument Obligations which remain outstanding to each Lender and its Hedging Affiliates and Cash Managers are thereafter outstanding, as adjusted pursuant to this Section, in accordance with the provisions of Section 12.7. Each Borrower agrees to do, or cause to be done (whether by it or its Subsidiaries), all things reasonably necessary or appropriate to give effect to any and all purchases and other adjustments by and between the Lenders pursuant to this Section. For certainty, a Lender shall only be required to purchase participations in Lender Financial Instrument Obligations or Cash Management Obligations pursuant to this Section 12.9 to the extent money, property and Realization Proceeds have not been distributed in accordance with Section 12.7.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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