Common use of Payments Set Aside Clause in Contracts

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.

Appears in 3 contracts

Sources: Senior Secured Term Loan Agreement (Cresco Labs Inc.), Senior Secured Term Loan Agreement (Cresco Labs Inc.), Senior Secured Term Loan Agreement (Cresco Labs Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any the Lender, or any Agent or any the Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such the Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each the Lender severally agrees to pay to the Administrative Agent Lender upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations the Lender, plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Effective Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 3 contracts

Sources: Credit Agreement (Offerpad Solutions Inc.), Credit Agreement (Offerpad Solutions Inc.), Credit Agreement (Supernova Partners Acquisition Company, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any Agent the Agents or any Lender, or any Agent the Agents or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent the Agents or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent Agents upon demand its their applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations the Agents, plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 3 contracts

Sources: Amendment No. 9 (Platform Specialty Products Corp), Credit Agreement (Platform Specialty Products Corp), Credit Agreement (Platform Specialty Products Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency or Liquidation Proceeding or otherwise, then (a) to the extent of such recovery, the obligation Obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative each Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either such Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (bSection 11.13(b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Renewable Energy Group, Inc.), Credit Agreement (Nova Biosource Fuels, Inc.), Credit Agreement (Renewable Energy Group, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any bankruptcy or insolvency proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation Obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative each Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either such Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (bSection 11.14(b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (ASAlliances Biofuels, LLC)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent the Agents or any Lender, or any Agent the Agents or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent the Agents or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent Agents upon demand its their applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations the Agents, plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 2 contracts

Sources: Credit Agreement (MacDermid Group Inc.), Credit Agreement (MacDermid Group Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (ai) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (bii) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from -170- or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 2 contracts

Sources: Credit Agreement (Laureate Education, Inc.), Credit Agreement

Payments Set Aside. To the extent that any payment by or on behalf of the a Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 2 contracts

Sources: Credit Agreement (Axcan Intermediate Holdings Inc.), Credit Agreement (Axcan Intermediate Holdings Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent Agent, or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent Agent, or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Unitil Corp), Credit Agreement (Unitil Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any the Agent or any LenderBank, or any the Agent or any Lender Bank exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender Bank in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender Bank severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders Banks under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Invesco Senior Income Trust), Credit Agreement (Invesco Dynamic Credit Opportunities Fund)

Payments Set Aside. To the extent that any payment made by or on behalf of the Borrower is made to any the Term Agent or any Lender, or any the Term Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Term Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Term Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Term Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 2 contracts

Sources: Term Loan Agreement (Chesapeake Energy Corp), Term Loan Agreement (Chesapeake Energy Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Loan Parties is made to any Agent or any LenderCredit Party, or any Agent or any Lender Credit Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender Credit Party in its reasonable discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to the Administrative Agent Agents upon demand its applicable share Applicable Percentage (without duplication) of any amount so recovered from or repaid by either Agentthe Agents, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Hamilton Beach Brands Holding Co), Credit Agreement (Wet Seal Inc)

Payments Set Aside. To the extent that any the Company makes a payment by or on behalf of to the Borrower is made to any Agent or any Lenderthe Lenders, or any the Agent or any Lender exercises its the Lenders exercise their right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is are subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, recovery the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable pro rata share (without duplication) of any amount so recovered from or repaid by either the Agent. The obligations of the Lenders and the Issuing Bank under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (CBIZ, Inc.), Credit Agreement (Century Business Services Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment in full of the obligations and the termination of this AgreementOvernight Rate.

Appears in 2 contracts

Sources: Amendment No. 1 (Global Business Travel Group, Inc.), Credit Agreement (Global Business Travel Group, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date on which such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 2 contracts

Sources: Credit Agreement (WP Prism Inc.), Credit Agreement (Alltel Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any the Agent or any Lender, or any the Agent or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 2 contracts

Sources: Credit Agreement (Flow International Corp), Credit Agreement (Flow International Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Administrative Agent or any Lender, or any Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent Administrative Agent, or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Administrative Agent. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.

Appears in 2 contracts

Sources: Senior Secured Term Loan Agreement (William Lyon Homes), Senior Secured Term Loan Agreement (William Lyon Homes)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any LenderLender Party, or any Agent or any Lender Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such any Lender Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and each Issuing Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect, in the applicable currency of such recovery or payment. The obligations of the Lenders and the Issuing Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Select Energy Services, Inc.), Credit Agreement (Select Energy Services, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any the Agent or any Lender, or any the Agent or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Laws or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 2 contracts

Sources: Credit Agreement (Pegasus Communications Corp /), Credit Agreement (Pegasus Communications Corp /)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any Agent or any LenderLender Party, or any Agent or any Lender Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such any Lender Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender Party severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time, in the applicable currency of such recovery or payment. The obligations of the Lenders Lenders, the Swingline Lender and each Issuing Bank under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 2 contracts

Sources: 5 Year Revolving Credit Agreement (Diamond Offshore Drilling, Inc.), Credit Agreement (Diamond Offshore Drilling Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations any Agent plus interest thereon from the date of such demand to the Lenders under clause (b) date such payment is made at a rate per annum equal to the applicable Overnight Rate in the applicable currency of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreementsuch recovery or payment.

Appears in 2 contracts

Sources: Credit Agreement (Candela Medical, Inc.), Credit Agreement (Candela Medical, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Borrowers is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Superpriority Secured Debtor in Possession Credit Agreement (iHeartMedia, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent Lender or any LenderAgent, or any Lender or Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Lender or Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either such Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Secured Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Subordinated Credit Agreement (Midway Gold Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Loan Parties is made to any Agent or any LenderCredit Party, or any Agent or any Lender Credit Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender Credit Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Laws or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent Agents upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agentthe Agents, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Term Loan and Security Agreement (BTHC VII Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) date such payment is made at a rate per annum equal to the Applicable Overnight Rate from time to time in effect, in the applicable currency of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreementsuch recovery or payment.

Appears in 1 contract

Sources: Credit Agreement (Littelfuse Inc /De)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Company is made to any Agent the Agent, the Issuing Bank or any Lender, or any Agent the Agent, the Issuing Bank or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, recovery the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable pro rata share (without duplication) of any amount so recovered from or repaid by either the Agent. The obligations of the Lenders and the Issuing Bank under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (CBIZ, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any LenderLender Party, or any Agent or any Lender Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such any Lender Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and the Issuing Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect, in the applicable currency of such recovery or payment. The obligations of the Lenders and the Issuing Lender under clause (b) of the preceding sentence shall survive the payment Payment in full of the obligations Full and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Nine Energy Service, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any LenderLender Party, or any Agent or any Lender Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such any Lender Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender Party severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate in effect from time to time, in the applicable currency of such recovery or payment. The obligations of the Lenders and the Issuing Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.. 110

Appears in 1 contract

Sources: Credit Agreement (Alta Mesa Holdings, LP)

Payments Set Aside. To the extent that any payment by or on behalf of the a Borrower is made to any Administrative Agent or any Lender, or any Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Bankruptcy Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Administrative Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Effective Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Senior Unsecured Bridge Credit Agreement (Teco Energy Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative relevant Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either such Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Abl Credit Agreement (Hawaiian Electric Co Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent Lender or any LenderAgent, or any Lender or Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Lender or Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative each Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either such Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Secured Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Midway Gold Corp)

Payments Set Aside. To the extent that any payment or transfer by or on behalf of the Borrower is made to any the Administrative Agent or any Lender, or any the Administrative Agent or any Lender exercises its right of setoff, and such payment or transfer or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a1) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b1) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence This Section shall survive the payment in full Discharge of the obligations and the termination of this AgreementObligations.

Appears in 1 contract

Sources: Loan and Security Agreement (Trupanion Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative each Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either such Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (California Resources Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Dollarama CORP)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Administrative Agent or any Lender, or any Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) to the extent applicable, each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence This Section 10.8 shall survive the payment in full Discharge of the obligations and the termination of this AgreementObligations.

Appears in 1 contract

Sources: Credit Agreement (Enfusion, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender Borrower severally agrees to pay to the Administrative Agent Lender upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations Lender, plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Base Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Private Business Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Effective Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Michaels Companies, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any the Agent or any Lender, or any the Agent or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. (r) Addition of Section 11.17. The obligations Section 11.17 of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.Credit Agreement is hereby added as follows:

Appears in 1 contract

Sources: Credit Agreement (Flow International Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.NY\6379601.11

Appears in 1 contract

Sources: Credit Agreement (Amsurg Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any to the extent Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Resmed Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Second Lien Credit Agreement (ONESPAWORLD HOLDINGS LTD)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Borrowers is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date on which such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (WP Prism Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.AMERICAS 111453311

Appears in 1 contract

Sources: Credit Agreement (Vistra Corp.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Bankruptcy Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent Agents upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.any

Appears in 1 contract

Sources: Credit Agreement (New Fortress Energy Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment in full of the obligations and the termination of this AgreementOvernight Rate.

Appears in 1 contract

Sources: Credit Agreement (Holley Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Borrowers is made to any the Agent or any Lender, or any the Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law debtor relief law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent. The obligations , plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the greater of the Lenders under clause (b) of Federal Funds Effective Rate from time to time in effect and a rate determined by the preceding sentence shall survive the payment Agent in full of the obligations and the termination of this Agreementaccordance with banking industry rules on interbank compensation.

Appears in 1 contract

Sources: Credit Agreement (Corning Inc /Ny)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower any Credit Party under any Loan Document is made to any Administrative Agent or any Lender, or any Administrative Agent or any Lender exercises its right of setoffset-off as to any Credit Party, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law the Bankruptcy Code or other U.S. Federal, state or foreign liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws, or otherwise, then (ai) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (bii) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Administrative Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Shaw Group Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Fidelity National Financial Inc /De/)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Borrowers is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of the preceding sentence shall survive the date such payment is made at a rate per annum determined by such Agent in full of the obligations and the termination of this Agreementaccordance with banking industry rules on interbank compensation.

Appears in 1 contract

Sources: Credit Agreement (Fleetcor Technologies Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Full Payment and the termination of this Agreement.

Appears in 1 contract

Sources: Term Loan Credit Agreement (MRC Global Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.55738387_110

Appears in 1 contract

Sources: Credit Agreement (Bloomin' Brands, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any LenderLender Party, or any Agent or any Lender Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such any Lender Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender Party severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time, in the applicable currency of such recovery or payment. The obligations of the Lenders Lenders, the Swingline Lender and each Issuing Bank under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: 5 Year Revolving Credit Agreement (Diamond Offshore Drilling Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Borrowers is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (bxii) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause date such payment is made at a rate per annum equal to the Federal Funds Rate (b) of or if the preceding sentence shall survive Federal Funds Rate is not available, a rate determined by the payment Administrative Agent in full of the obligations and the termination of this Agreementaccordance with banking industry rules on interbank compensation).

Appears in 1 contract

Sources: Credit Agreement (Owens & Minor Inc/Va/)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Company is made to any the Agent or any Lender, or any the Agent or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent, plus interest thereon from the Table of Contents date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations Table of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.Contents

Appears in 1 contract

Sources: Credit Agreement (Georgia Pacific Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any the Administrative Agent or any Lender, or any the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent. The obligations , plus interest thereon from the date of such demand to the date such payment is made at the greater of the Lenders under clause (b) of NYFRB Rate and a rate determined by the preceding sentence shall survive the payment Administrative Agent in full of the obligations and the termination of this Agreementaccordance with banking industry rules on interbank compensation.

Appears in 1 contract

Sources: Junior Secured Debtor in Possession Credit Agreement (California Resources Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower any Loan Party is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent Agents upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agentthe Agents, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds 967770.02F-CHISR1034077.05-CHISR01A - MSW 266 Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Novelis Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.of

Appears in 1 contract

Sources: Credit Agreement (Vista Outdoor Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Seller is made to any the Agent or any LenderBuyer, or any the Agent or any Lender Buyer exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender Buyer in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any insolvency proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender Buyer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Master Repurchase Agreement (NVR Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Borrowers or any other Obligor is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Ardagh Finance Holdings S.A.)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any the Administrative Agent or any Lender, or any the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of the preceding sentence shall survive the date such payment in full of the obligations and the termination of this Agreement.is made at a rate per annum equal to the

Appears in 1 contract

Sources: Credit Agreement (Teladoc, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Bankruptcy Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent Agents upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations the Agents, plus interest thereon from the date of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.such demand to

Appears in 1 contract

Sources: Credit Agreement (New Fortress Energy Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any LenderLender Party, or any Agent or any Lender Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such any Lender Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender Party severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate in effect from time to time, in the applicable currency of such recovery or payment. The obligations of the Lenders and the Issuing Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Silver Run Acquisition Corp II)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Video Display Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Company is made to any the Agent or any Lender, or any the Agent or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations Table of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.Contents

Appears in 1 contract

Sources: Credit Agreement (Georgia Pacific Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Bankruptcy Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreementapplicable Overnight Rate.

Appears in 1 contract

Sources: Senior Unsecured Term Loan Agreement (Catalent Pharma Solutions, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Bankruptcy Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Bridge Loan Agreement (Agco Corp /De)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Borrowers is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including 151 pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Sally Beauty Holdings, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to each of the Administrative Agent Agents upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either such Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Travelport LTD)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any the Administrative Agent or any Lender, or any the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of the preceding sentence shall survive the date such payment in full of the obligations and the termination of this Agreement.is made at a rate per annum equal to the

Appears in 1 contract

Sources: Credit Agreement (Franklin Resources Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any Agent the Agents or any Lender, or any Agent the Agents or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent the Agents or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then then (ag) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and and (bh) each Lender severally agrees to pay to the Administrative Agent Agents upon demand its their applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations the Agents, plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Effective Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Amendment No. 7 to Credit Agreement (APi Group Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower any Obligor is made to any the Agent or any Lender, or any the Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (ai) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (bii) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Effective Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Nevro Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any the Administrative Agent or any Lender, or any the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement., plus interest

Appears in 1 contract

Sources: Credit Agreement

Payments Set Aside. To the extent that any payment by or on behalf of the any Borrower is made to any an Agent or any Lender, or any an Agent or any Lender exercises its right of setoffset-off, and such payment or the proceeds of such setoff set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative each Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either such Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable currency of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreementsuch recovery or payment.

Appears in 1 contract

Sources: Credit Agreement (Jacobs Engineering Group Inc /De/)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower Borrowers is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Bankruptcy Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date on which such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Senior Interim Loan Credit Agreement (Alltel Corp)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Primedia Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent Agent, or any Lender, or any Agent Agent, or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent Agent, or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Clear Channel Outdoor Holdings, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Administrative Agent or any Lender, or any Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Bankruptcy Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations Table of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.Contents

Appears in 1 contract

Sources: Credit Agreement (Tampa Electric Co)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Bankruptcy Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent Agents upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations the Agents, plus interest thereon from the date of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations and the termination of this Agreement.such 164

Appears in 1 contract

Sources: Credit Agreement (New Fortress Energy Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any the Agent or any Lender, or any the Agent or any Lender exercises its right of setoffset off, and such payment or the proceeds of such setoff set off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such the Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff set off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Overnight Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Loan Agreement (Littelfuse Inc /De)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, Lender or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent Agent, or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Higher One Holdings, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then then: (a) to a)to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each b)each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit and Guaranty Agreement

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any to the extent Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent Agent, or any Lender, or any Agent Agent, or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (RigNet, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the anythe Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Sensata Technologies Holding PLC)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any the Lender, or any Agent or any the Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such the Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each the Lender severally agrees to pay to the Administrative Agent Lender upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Agent. The obligations the Lender, plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum determined by the preceding sentence shall survive the payment Lender in full of the obligations and the termination of this Agreementits reasonable discretion.

Appears in 1 contract

Sources: Senior Secured Term Loan Agreement (Sable Offshore Corp.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any LenderSecured Party, or any Agent or any Lender Secured Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender Secured Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and each L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (At Home Group Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower any Loan Party is made to any Administrative Agent or any Lender, or any Agent Lender or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, Person in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the obligations Obligations and the termination of this Agreement.

Appears in 1 contract

Sources: Senior Term Loan Agreement (Prologis, L.P.)

Payments Set Aside. To the extent that any payment by or on behalf of the either Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive Federal Funds Rate for the payment in full of first three days and equal to the obligations and the termination of this Agreementrate applicable to Revolving Credit Loans that are maintained as Base Rate Loans for each day thereafter.

Appears in 1 contract

Sources: Credit Agreement (APP Pharmaceuticals, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any LenderLender Party, or any Agent or any Lender Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such any Lender Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and each Issuing Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect, in the applicable currency of such recovery or payment. The obligations of the Lenders and the Issuing Lenders under clause (b) of the preceding sentence shall survive the payment Payment in full of the obligations and the termination of this AgreementFull.

Appears in 1 contract

Sources: Credit Agreement (Select Water Solutions, Inc.)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower any Credit Party is made to any Agent or any LenderFinance Party, or any Agent or any Lender Finance Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender Finance Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and the Several L/C Issuing Bank severally agrees agree to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either the Administrative Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Letter of Credit Facility Agreement (Enstar Group LTD)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Facility Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Overnight Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Puget Energy Inc /Wa)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally 119 intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Minnesota Products Inc)

Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then then: (ai) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and and (bii) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by either any Agent. The obligations , plus interest thereon from the date of such demand to the Lenders under clause (b) of date such payment is made at a rate per annum equal to the preceding sentence shall survive the payment applicable Federal Funds Rate from time to time in full of the obligations and the termination of this Agreementeffect.

Appears in 1 contract

Sources: Credit Agreement (Dun & Bradstreet Holdings, Inc.)