Sharing. 24.1 Payments to Banks If a Bank (a "Recovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 22 (Payments), then such Recovering Bank shall: 24.1.1 notify the Agent of such receipt or recovery; 24.1.2 at the request of the Agent, promptly pay to the Agent an amount (the "Sharing Payment") equal to such receipt or recovery less any amount which the Agent determines may be retained by such Recovering Bank as its share of any payment to be made in accordance with Clause 22.5 (Partial Payments).
Appears in 3 contracts
Samples: Letter of Credit Facility Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD)
Sharing. 24.1 Payments to Banks 30.1 PAYMENTS TO BANKS If a Bank (a "Recovering BankRECOVERING BANK") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 22 28 (PaymentsPAYMENTS), then such Recovering Bank shall:
24.1.1 30.1.1 notify the Agent of such receipt or recovery;
24.1.2 30.1.2 at the request of the Agent, promptly pay to the Agent an amount (the "Sharing PaymentSHARING PAYMENT") equal to such receipt or recovery less any amount which the Agent determines may be retained by such Recovering Bank as its share of any payment to be made in accordance with Clause 22.5 28.5 (Partial PaymentsPARTIAL PAYMENTS).
Appears in 2 contracts
Samples: Senior Term Facility Agreement (United Surgical Partners International Inc), Senior Term Facility Agreement (United Surgical Partners International Inc)
Sharing. 24.1 32.1 Payments to Banks If a Bank (a "Recovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 22 30 (Payments), then such Recovering Bank shall:
24.1.1 32.1.1 notify the Agent of such receipt or recovery;; and
24.1.2 32.1.2 at the request of the Agent, promptly pay to the Agent an amount (the "Sharing Payment") equal to such receipt or recovery less any amount which the Agent determines may be retained by such Recovering Bank as its share of any payment to be made in accordance with Clause 22.5 30.6 (Partial Payments).
Appears in 1 contract
Samples: Credit Agreement (NTL Inc)
Sharing. 24.1 Payments to Banks 30.1 PAYMENTS TO BANKS If a Bank (a "Recovering BankRECOVERING BANK") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 22 28 (Payments), then such Recovering Bank shall:
24.1.1 30.1.1 notify the Agent of such receipt or recovery;
24.1.2 30.1.2 at the request of the Agent, promptly pay to the Agent an amount (the "Sharing PaymentSHARING PAYMENT") equal to such receipt or recovery less any amount which the Agent determines may be retained by such Recovering Bank as its share of any payment to be made in accordance with Clause 22.5 28.5 (Partial Payments).
Appears in 1 contract
Samples: Mezzanine Credit Agreement (Transworld Healthcare Inc)
Sharing. 24.1 32.1 Payments to Banks If a Bank (a "Recovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 22 30 (Payments), then such Recovering Bank shall:
24.1.1 32.1.1 notify the Agent of such receipt or recovery;
24.1.2 32.1.2 at the request of the Agent, promptly pay to the Agent an amount (the "Sharing Payment") equal to such receipt or recovery less any amount which the Agent determines may be retained by such Recovering Bank as its share of any payment to be made in accordance with Clause 22.5 30.7 (Partial Payments).
Appears in 1 contract
Samples: Term Loan Facilities Agreement (Dyckerhoff Aktiengesellschaft)
Sharing. 24.1 25.1 Payments to Banks If a Bank (a "Recovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 22 23 (Payments), then such Recovering Bank shall:
24.1.1 25.1.1 notify the Agent of such receipt or recovery;
24.1.2 25.1.2 at the request of the Agent, promptly pay to the Agent an amount (the "Sharing Payment") equal to such receipt or recovery less any amount which the Agent determines may be retained by such Recovering Bank as its share of any payment to be made in accordance with Clause 22.5 23.5 (Partial Payments).
Appears in 1 contract
Samples: Exhibit (Ace LTD)
Sharing. 24.1 25.1 Payments to Banks If a Bank (a "Recovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 22 23 (Payments), then such Recovering Bank shall:
24.1.1 25.1.1 notify the Agent of such receipt or recovery;; and
24.1.2 25.1.2 at the request of the Agent, promptly pay to the Agent an amount (the "Sharing Payment") equal to such receipt or recovery less any amount which the Agent determines may be retained by such Recovering Bank as its share of any payment to be made in accordance with Clause 22.5 23.5 (Partial Payments).
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