Common use of Subsequent Recovery Clause in Contracts

Subsequent Recovery. If, in connection with any payment by Guarantor of the Guaranteed Obligations, Beneficiary shall finally recover any such amounts from any other source directly making payments with respect to the Guaranteed Obligations, or it shall be finally determined that such Guaranteed Obligations were not owed to Beneficiary, Beneficiary shall promptly remit such amounts to Guarantor.

Appears in 5 contracts

Samples: Engineering, Procurement and Construction Agreement, Agreement (LSB Industries Inc), Construction Agreement – Dmw2 (LSB Industries Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.