Common use of Application of Earnings Clause in Contracts

Application of Earnings. Each Borrower undertakes with the Lenders that any funds from time to time credited to, or standing to the credit of, its Earnings Account shall, unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall apply), be available for application in the following manner:

Application of Earnings. Each Borrower undertakes with the Lenders that any funds money from time to time credited to, or for the time being standing to the credit of, its Earnings Account shall, unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each The Borrower undertakes with the Lenders to procure that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each Borrower undertakes with the Lenders that any funds money from time to time credited to, or for the time being standing to the credit of, its Earnings Account shall, shall (i) unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 18.1 (Normal order of application) shall apply)be and become applicable) or (ii) unless otherwise agreed in writing between the Borrowers and the Agent, be available for application in the following manner:

Application of Earnings. Each The Borrower undertakes with the Lenders Lender to procure that any funds money from time to time credited to, or for the time being standing to the credit of, its the Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 16.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each The Borrower undertakes with the Lenders each Creditor Party that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 (Normal order of application) shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each The Borrower undertakes with the Lenders that any funds money from time to time credited to, or for the time being standing to the credit of, its the Earnings Account shall, unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each Borrower undertakes with the Lenders each Creditor Party that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each Borrower undertakes with the Lenders that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each The Borrower undertakes with the Lenders each Creditor Party that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each Borrower undertakes with the Lenders that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 (Normal order of application) shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each Borrower undertakes with the Lenders to procure that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default shall have occurred and for so long as the same is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in to the following manner:Borrower.

Application of Earnings. Each Borrower undertakes with the Lenders each Creditor Party that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 (Normal order of application) shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each Borrower undertakes with the Lenders that any funds money from time to time credited to, or for the time being standing to the credit of, its Earnings Operating Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each The Borrower undertakes with the Lenders to procure that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be freely available for application in to the following manner:Borrower.

Application of Earnings. Each Borrower undertakes with the Lenders to procure that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default shall have occurred and for so long as the same is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be freely available for application in to the following manner:Borrower.

Application of Earnings. Each The Borrower undertakes with the Lenders to procure that any funds money from time to time credited to, or for the time being standing to the credit of, its an Earnings Account shall, unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), be available for application in the following manner:

Application of Earnings. Each The Borrower undertakes with the Lenders that any funds money from time to time credited to, or for the time being standing to the credit of, its the Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall applybe and become applicable), (provided that the balance on the Earnings Account may at no time fall below the amount at any time estimated by the Agent as shall be required to pay interest on the Loan in the following 6 months) be available for application in the following manner:

Application of Earnings. 1.2 Each Borrower undertakes with the Lenders that any funds from time to time credited to, or standing to the credit of, its Earnings Account shall, unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall apply), be available for application in the following manner: