Application and Reversal of Payments. (i) All payments shall be remitted to Lender and all such payments (other than payments received while no Default or Event of Default has occurred and is continuing and which relate to the payment of principal or interest of specific Obligations or which relate to the payment of specific fees), and all proceeds of Accounts or other Collateral received by Lender, shall be applied as follows:
Application and Reversal of Payments. The Lender shall determine in its sole discretion the order and manner in which Proceeds of Collateral and other payments that the Lender receives are applied to the Revolving Loans, interest thereon, and the other Obligations, and the Borrower hereby irrevocably waives the right to direct the application of any payment or Proceeds. The Lender shall have the continuing and exclusive right to apply and reverse and reapply any and all such Proceeds and payments to any portion of the Obligations.
Application and Reversal of Payments. All such payments not relating to principal or interest of specific Loans, or not constituting payment of specific fees, and all proceeds of Collateral received by Lender, shall be applied, subject to the provisions of this Agreement, FIRST, to pay any fees, indemnities or expense reimbursements then due to Lender; SECOND, to pay interest due in respect of all Loans; and THIRD, to pay or prepay principal of the Loans. Lender shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Obligations.
Application and Reversal of Payments. (i) All payments shall be remitted to Lender and all such payments, and all proceeds of Premium Finance Agreements, Borrower’s Accounts or other Collateral received by Lender, shall be applied as follows:
Application and Reversal of Payments. The Lender shall have the continuing and exclusive right to apply and reverse and reapply any and all Proceeds of Collateral and payments that the Lender receives to any portion of the Obligations.
Application and Reversal of Payments. All payments, and all proceeds of Accounts or other Collateral received by the Lender, shall be applied subject to the provisions of this Agreement, first, to pay any fees, indemnities or expense reimbursements then due to the Lender from the Borrowers; second, to pay interest due in respect of all Loans; third, to pay or prepay principal of the Revolving Loans and unpaid reimbursement obligations in respect of Letters of Credit; fourth, to pay an amount to the Lender, equal to all outstanding Obligations (contingent or otherwise) with respect to outstanding Letters of Credit, to be held as cash collateral for such Obligations; and fifth, to the payment of any other Obligation including any amounts relating to Bank Products due to the Lender by the Borrowers. Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrowers, or unless an Event of Default has occurred and is continuing, the Lender shall not apply any payments which it receives to any LIBOR Rate Loan, except (a) on the expiration date of the Interest Period applicable to any such LIBOR Rate Loan, or (b) in the event, and only to the extent, that there are no outstanding Base Rate Loans and, in any event, the Borrowers shall pay LIBOR breakage losses in accordance with Section 5.4. The Lender shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Obligations.
Application and Reversal of Payments. The Lender shall determine in its sole discretion the order and manner in which Proceeds of Collateral (including amounts in respect of Additional Collateral) and other payments that the Lender receives are applied to the Revolving Loans, interest thereon, and the other Obligations, and each Option Care Person hereby irrevocably waives the right to direct the application of any such Proceeds or payments. The Lender shall have the continuing and exclusive right to apply and reverse and reapply any and all such Proceeds and payments to any portion of the Obligations.
Application and Reversal of Payments. At all times after and during the continuation of an Event or an Event of Default, the Agent shall determine in its sole discretion the order and manner in which Proceeds of Property and other payments that the Agent receives are applied to the Revolving Loans, interest thereon, and the other Obligations, and the Borrower hereby irrevocably waives the right to direct the application of any payment or Proceeds. At all times after and during the continuation of an Event or an Event of Default, the Agent shall have the continuing and exclusive right to apply and reverse and reapply any and all such Proceeds and payments to any portion of the Obligations. At all times prior to an Event or an Event of Default, Proceeds of Property and other payments that the Agent receives shall be applied pursuant to Section 4.1 of this Agreement, with any excess to be applied pursuant to the written instructions of Borrower (and in all other instances, such excess is to be applied at the discretion of Agent).
Application and Reversal of Payments. The Lender shall determine in its reasonable discretion the order and manner in which Proceeds of Collateral and other payments that the Lender receives are applied to the Term Loan, interest thereon, and the other Obligations.
Application and Reversal of Payments. (i) All payments shall be remitted to Lender and all such payments (other than payments received while no Default or Event of Default has occurred and is continuing and which relate to the payment of principal or interest of specific Obligations or which relate to the payment of specific fees), and all proceeds of Additional Permitted Dispositions (other than proceeds applied in accordance with Section 2.4(b)(v)(A)) and during any time that a Cash Sweep Instruction is in effect, all proceeds of Accounts or other Collateral received by Lender, shall be applied as follows:
