Reversal of redistribution. If under Clause 30.1 (Redistribution): (a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and (b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistribution. Thereupon the subrogation in Clause 30.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 3 contracts
Sources: Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
Reversal of redistribution. If under Clause 30.1 31.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three 3 Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistribution. Thereupon Thereupon, the subrogation in Clause 30.1(e31.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 3 contracts
Sources: Revolving Credit Facility (Spirent PLC), Facility Agreement (Spirent PLC), Supplemental Agreement (Spirent PLC)
Reversal of redistribution. If under Clause 30.1 (Redistribution):32.1:
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Facility Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e) (Redistribution32.1(e) will operate in reverse to the extent of the reimbursement.
Appears in 2 contracts
Sources: Facility Agreement (Vivendi Universal), Credit Agreement (Vivendi Universal)
Reversal of redistribution. If under Clause 30.1 32.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e32.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 2 contracts
Sources: Facility Agreement (Adecco Sa), Loan Agreement (Adecco Sa)
Reversal of redistribution. If under Clause 30.1 33.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e33.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 2 contracts
Sources: Credit Agreement (Adecco Sa), Credit Facility Agreement (Rexam Acquisition Subsidiary Inc)
Reversal of redistribution. If under Clause 30.1 31.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Facility Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the a period whilst it held the redistributionre-distribution. Thereupon the subrogation in Clause 30.1(e31.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 2 contracts
Sources: Facilities Agreement (Autoliv Inc), Revolving Credit Facility (Toreador Resources Corp)
Reversal of redistribution. If under Clause 30.1 (Redistribution):31.1:
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre- distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e) (Redistribution31.1(e) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Multicurrency Revolving Credit Facility (Cousin Acquisition Inc)
Reversal of redistribution. If under Clause 30.1 31.1 (Redistribution):Redistribution):-
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Facility Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the a period whilst it held the redistributionre-distribution. Thereupon the subrogation in Clause 30.1(e31.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Facilities Agreement (Autoliv Inc)
Reversal of redistribution. If under Clause 30.1 31.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistribution. Thereupon the subrogation in Clause 30.1(e31.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Credit Facility Agreement (Teekay LNG Partners L.P.)
Reversal of redistribution. If under Clause 30.1 32.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre- distribution. Thereupon the subrogation in Clause 30.1(e32.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Revolving Advance and Letter of Credit Facility (Independent Energy Holdings PLC)
Reversal of redistribution. If under Clause 30.1 31.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the a Borrower; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre- distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e31.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Multicurrency Revolving Credit Facility (Ti Group PLC)
Reversal of redistribution. If under Clause 30.1 31.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e) (Redistribution31.1(e) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Syndicated Bridge Loan Facility (Anglogold Ashanti LTD)
Reversal of redistribution. If under Clause 30.1 31.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three 3 Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistribution. Thereupon Thereupon, the subrogation in Clause 30.1(e31.l(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Credit Agreement (Spirent PLC)
Reversal of redistribution. If under Clause 30.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the a period whilst it held the redistributionre-distribution. Thereupon the subrogation in Clause 30.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Reversal of redistribution. If under Clause 30.1 29.1 (Redistribution):Redistribution):-
(aA) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(bB) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon the subrogation in Clause 30.1(e29.1(E) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Facility Agreement (Tomkins PLC)
Reversal of redistribution. If under Clause 30.1 29.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three 3 (three) Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e29.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Reversal of redistribution. If under Clause 30.1 β33.1 (Redistribution):
(a) 33.2.1 a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) 33.2.2 the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Facility Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the a period whilst it held the redistributionre-distribution. Thereupon the subrogation in Clause 30.1(e) β33.1.5 (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Reversal of redistribution. If under Clause 30.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Credit Agreement (Adecco Sa)
Reversal of redistribution. If under Clause 30.1 (Redistribution30.1(Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Reversal of redistribution. If under Clause 30.1 31.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three (3) Business Days of demand by the recovering Finance Party through the Facility Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e) 31.1 (Redistributione) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Multicurrency Revolving Credit Facility Agreement (Schneider Electric Sa)
Reversal of redistribution. If under Clause 30.1 28.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borrower; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e28.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract
Sources: Term Loan Facility (Sonera Corp)
Reversal of redistribution. If under Clause 30.1 (Redistribution):
(a) a recovering Finance Party must subsequently return a recovery, or an amount measured by reference to a recovery, to the Borroweran Obligor; and
(b) the recovering Finance Party has paid a redistribution in relation to that recovery, each Finance Party shall, within three Business Days of demand by the recovering Finance Party through the Agent, reimburse the recovering Finance Party all or the appropriate portion of the redistribution paid to that Finance Party together with interest on the amount to be returned to the recovering Finance Party for the period whilst it held the redistributionre-distribution. Thereupon Thereupon, the subrogation in Clause 30.1(e) (Redistribution) will operate in reverse to the extent of the reimbursement.
Appears in 1 contract