Return Payments. If any amounts received by M&T in respect of the Obligations are later required to be returned or repaid by M&T to the Borrower or any other obligor or their respective representatives or successors in interest, whether by court order, settlement or otherwise, in excess of the M&T’s Pro Rata Share of all such amounts required to be returned by all Lenders, each other Lender shall, upon demand by M&T with notice to the Agent, pay to the Agent for the account of M&T, an amount equal to the excess of such Lender’s Pro Rata Share of all such amounts required to be returned by all Lenders over the amount, if any, returned directly by such Lender.
Appears in 2 contracts
Sources: Financing and Security Agreement (Dcap Group Inc), Financing and Security Agreement (Dcap Group Inc)