Amendment; Sharing of Payments Sample Clauses

The "Amendment; Sharing of Payments" clause governs how changes to the agreement are made and how payments received are distributed among relevant parties. Typically, this clause requires that any amendments to the contract be made in writing and agreed upon by all parties, ensuring that no unilateral changes can be imposed. Additionally, it outlines the procedures for sharing payments, such as specifying proportional distribution or priority of payment among creditors. The core function of this clause is to maintain transparency and fairness in both modifying the agreement and allocating received funds, thereby preventing disputes and ensuring all parties are treated equitably.
Amendment; Sharing of Payments. In connection with any extension of the Maturity Date, the Borrower, the Agent and each Extending Lender may make such amendments to this Agreement as the Agent determines to be reasonably necessary to evidence the extension. This Section shall supersede Sections 2.12 and 9.02.
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Amendment; Sharing of Payments. In connection with any extension of the Maturity Date, the Company, the Administrative Agent and each extending Lender may make such amendments to this Agreement as the Administrative Agent determines to be reasonably necessary to evidence the extension.
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Amendment; Sharing of Payments. In connection with any extension of the Existing Termination Date, the Borrower, the Agent and each Extending Lender may make such amendments to this Agreement as the Agent determines to be reasonably necessary to evidence the extension. This Section shall supersede Sections 2.14 and 8.01.
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Amendment; Sharing of Payments. In connection with any extension of the applicable Facility Termination Date, the Borrower, the Administrative Agent, each Additional Commitment Lender and each extending Lender may make such amendments to this Agreement as the Administrative Agent, Borrower and such Lenders determine to be reasonably necessary to evidence the extension. This Section 2.23(g) shall supersede Section 8.3 as it relates to any such amendments first taking effect at the commencement of the applicable extension period.
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Amendment; Sharing of Payments. In connection with any extension of the Termination Date, the Company, and each Extending Lender may make such amendments to this Agreement as the Agent determines to be reasonably necessary to evidence the extension. This Section 6.18 shall supersede any provisions in Section 17.9 to the contrary.
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Amendment; Sharing of Payments. In connection with any Extension, the Co-Borrowers, the Administrative Agent and each extending Lender may make such amendments to this Agreement as the Administrative Agent determines to be reasonably necessary to evidence the Extension. This Section 2.14 shall supersede any provisions in Section 2.13 or 10.01 to the contrary.
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Amendment; Sharing of Payments. In connection with any extension of the Maturity Date, Borrower, Administrative Agent and each Extending Lender may make such
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Related to Amendment; Sharing of Payments

  • Sharing of Payments If, other than as expressly provided elsewhere herein (including, without limitation, in Section 10.07), any Lender shall obtain on account of the Loans made by it any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations in the Loans made by them as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such Loans or such participations, as the case may be, pro rata with each of them; provided that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon. Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by applicable Law, exercise all its rights of payment (including the right of setoff, but subject to Section 10.09) with respect to such participation as fully as if such Lender were the direct creditor of Borrower in the amount of such participation. Each Lender that purchases a participation pursuant to this Section 2.10 shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased.