Common use of Subsequent Recoveries Clause in Contracts

Subsequent Recoveries. In the event that after any loss is realized by MCE or any Direct Guarantee is drawn upon and allocated, and a Loss Amount is actually borne by Guarantors, if MCE is repaid any or all of such Loss Amounts from the SGB (“Recovered Amounts”), then MCE shall pay such Recovered Amounts to Guarantors who bore such Loss Amounts on a pro rata basis based upon such Loss Amounts borne by such Guarantors.

Subsequent Recoveries. In the event that after any loss is realized by MCE or any Direct Guarantee is drawn upon and allocated, and a Loss Amount is actually borne by Guarantors, if MCE is repaid any or all of such Loss Amounts from the SGB microfinance institution or network (“Recovered Amounts”), then MCE shall pay such Recovered Amounts to Guarantors who bore such Loss Amounts on a pro rata basis based upon such Loss Amounts borne by such Guarantors.