Common use of Reversal of redistribution Clause in Contracts

Reversal of redistribution. If any part of the Sharing Payment received or recovered by a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then:

Appears in 69 contracts

Sources: Term Loan Facility (Okeanis Eco Tankers Corp.), Amendment and Restatement Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD)

Reversal of redistribution. If any part of the Sharing Payment received or recovered by a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then:

Appears in 2 contracts

Sources: Note Subscription Agreement (CorpAcq Group PLC), Note Subscription Agreement (CorpAcq Group PLC)

Reversal of redistribution. If any part of the Sharing Payment received or recovered by a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then: (a) each Sharing Finance Party shall, upon the request of the Investment Agent, pay to the Investment Agent for the account of that Recovering Finance Party an amount equal to the appropriate part of its share of the Sharing Payment (the Redistributed Amount); and (b) as between the relevant Obligor and each relevant Sharing Finance Party, an amount equal to the relevant Redistributed Amount shall be treated as not having been paid by that Obligor.

Appears in 1 contract

Sources: Common Terms Agreement (Brooge Holdings LTD)

Reversal of redistribution. If any part of the Sharing Payment received or recovered (or which is deemed to have been received or recovered) by a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then:

Appears in 1 contract

Sources: Senior Facilities Agreement (Luxfer Holdings PLC)

Reversal of redistribution. If any part of the Sharing Payment received or recovered by a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then:

Appears in 1 contract

Sources: Borrowing Base Facility Agreement (Aegean Marine Petroleum Network Inc.)

Reversal of redistribution. If any part of the Sharing Payment received or recovered by a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then:then -

Appears in 1 contract

Sources: Common Terms Agreement (Lesaka Technologies Inc)

Reversal of redistribution. If To the extent that any part of the Sharing Payment such Recovered Amount received or recovered by a such Recovering Finance Party (which Recovered Amount gives rise to any Sharing Payment) becomes repayable and is repaid by that Recovering Finance Party, then:

Appears in 1 contract

Sources: Deed of Amendment Agreement (RISE Education Cayman LTD)