APPLICATION OF IDENTIFIED PROCEEDS Sample Clauses

APPLICATION OF IDENTIFIED PROCEEDS. During the Forbearance Period (but subject to SECTION 2.1 ), the Identified Proceeds shall be paid by wire transfer to the Creditor entitled thereto on Tuesday and Friday of each calendar week (or if any such day is not a business day, on the immediate following business day). The chief financial officer of the Company will certify in writing to each Creditor, and PwC will confirm in writing to each Creditor, on or prior to any distribution made pursuant to SECTION 2.1, or the preceding sentence, that the amounts so distributed to or on behalf of each such Creditor is the result of the Company's best efforts to identify the same as owing in respect of each relevant Funding Agreement.