Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 21 contracts
Samples: Credit Agreement (Nashua Corp), Credit Agreement (Fargo Electronics Inc), Credit Agreement (Energy West Inc)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Administrative Agent on or before the date of such payment or, in the absence of such notice, as the Administrative Agent shall determine in its discretion. Concurrently with each remittance to any Bank Lender of its share of any such payment, the Administrative Agent shall advise such Bank Lender as to the application of such payment.
Appears in 8 contracts
Samples: Assignment Agreement (Nu Skin Enterprises Inc), Credit Agreement (Navigant Consulting Inc), Credit Agreement (American Italian Pasta Co)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Administrative Agent on or before the date of such payment or, in the absence of such notice, as the Administrative Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Administrative Agent shall advise such Bank as to the application of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Tetra Tech Inc), Credit Agreement (U S Plastic Lumber Corp), Credit Agreement (Earthcare Co)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretionpayment. Concurrently with each remittance to any Bank Lender of its share of any such payment, the Agent shall advise such Bank Lender as to the application of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Penske Automotive Group, Inc.), Credit Agreement (Penske Automotive Group, Inc.), Credit Agreement (United Auto Group Inc)
Application of Certain Payments. Each payment of principal shall be ------------------------------- applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 4 contracts
Samples: Credit Agreement (United Rentals Inc), Credit Agreement (United Road Services Inc), Credit Agreement (United Rentals Inc)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its reasonable discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Valassis Communications Inc), Credit Agreement (Usa Waste Services Inc), Credit Agreement (Gibraltar Packaging Group Inc)
Application of Certain Payments. Each payment of principal shall be applied to such Revolving Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment orpayment, or in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, payment the Agent shall advise such Bank as to the application of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Allied Products Corp /De/), Credit Agreement (Allied Products Corp /De/)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank Lender of its share of any such payment, the Agent shall advise such Bank Lender as to the application of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Meyer Fred Inc), Credit Agreement (Global Technovations Inc)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent Bank on or before the date of such payment or, in the absence of such notice, as the Agent Bank shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Navteq Corp), Credit Agreement (Weston Roy F Inc)
Application of Certain Payments. Each Except as otherwise expressly ------------------------------- provided herein, each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its reasonable discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 1 contract
Application of Certain Payments. Each Except as set forth in Section 11.2, each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 1 contract
Samples: Credit Agreement (Semco Energy Inc)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company Representative shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 1 contract
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company applicable Borrower shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its reasonable discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 1 contract
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company Borrowers shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its reasonable discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 1 contract
Samples: Credit Agreement (Bogen Communications International Inc)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by written notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its reasonable discretion. Concurrently with each remittance to any Bank Lender of its share of any such payment, the Agent shall advise such Bank Lender as to the application of such payment.
Appears in 1 contract
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretionfirst to Revolving Loans used to repurchase Subordinated Notes, next to other Revolving Loans and next to Acquisition Loans. Concurrently with each remittance to any Bank Lender of its share of any such payment, the Agent shall advise such Bank Lender as to the application of such payment.
Appears in 1 contract
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company applicable Borrower shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 1 contract
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretionfirst to Term Loans, next to Revolving Loans used to repurchase Subordinated Notes, next to other Revolving Loans and next to Acquisition Loans. Concurrently with each remittance to any Bank Lender of its share of any such payment, the Agent shall advise such Bank Lender as to the application of such payment.
Appears in 1 contract
Application of Certain Payments. Each Except as set forth in Section 11.2, each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such paymentpayment to the extent necessary.
Appears in 1 contract
Samples: Credit Agreement (Semco Energy Inc)
Application of Certain Payments. Each payment of principal shall be ------------------------------- applied to such Loans as the Company applicable Borrower shall direct by notice to be received by the applicable Agent on or before the date of such payment or, in the absence of such notice, as the such Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the applicable Agent shall advise such Bank as to the application of such payment.
Appears in 1 contract
Samples: Security Agreement (United Rentals North America Inc)
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company shall direct by notice to be received by the Administrative Agent on or before the date of such payment or, in the absence of such notice, first to outstanding Base Rate Loans that are Revolving Loans and then as the Administrative Agent shall determine in its discretion. Concurrently with each remittance to any Bank Lender of its share of any such payment, the Administrative Agent shall advise such Bank Lender as to the application of such payment.
Appears in 1 contract
Application of Certain Payments. Each payment of principal shall be applied to such Loans as the Company Borrower shall direct by notice to be received by the Agent on or before the date of such payment or, in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank of its share of any such payment, the Agent shall advise such Bank as to the application of such payment.
Appears in 1 contract
Samples: Credit Agreement (Input Output Inc)
Application of Certain Payments. Each payment of principal shall ------------------------------- be applied to such Loans as the Company shall direct by notice to be received by the Agent on or before the date of such payment orpayment, or in the absence of such notice, as the Agent shall determine in its discretion. Concurrently with each remittance to any Bank Lender of its share of any such payment, the Agent shall advise such Bank Lender as to the application of such payment.
Appears in 1 contract
Samples: Credit Agreement (Global Industrial Technologies Inc)
