Common use of Application of Payments Before Exercise of Rights Clause in Contracts

Application of Payments Before Exercise of Rights. Subject to the provisions of this Agreement, all payments made by or on behalf of the Borrowers before the exercise of any rights arising under Section 10.2, or otherwise, shall be paid to the Agent and distributed among the Lenders pro rata in accordance with their respective Rateable Portions (or, as the case may be, to or among the Agent, the Lender or the Lenders to whom those payments are owing) in each instance in the following order:

Appears in 3 contracts

Samples: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)

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Application of Payments Before Exercise of Rights. Subject to the provisions of this Agreement, all payments made by or on behalf of the Borrowers a Borrower before the exercise of any rights arising under Section 10.211.2, or otherwise, shall be paid to the Administrative Agent and distributed among the Credit Facility Lenders pro rata in accordance with their respective Rateable Portions (or, as the case may be, to or among the Administrative Agent, the Credit Facility Lender or the Credit Facility Lenders to whom those payments are owingowing by such Borrower) in each instance instance, as applicable, in the following order:

Appears in 2 contracts

Samples: Credit Agreement (Quebecor Media Inc), Credit Agreement (Quebecor Media Inc)

Application of Payments Before Exercise of Rights. Subject to the provisions of this Agreement, all payments made by or on behalf of the Borrowers Borrower before the exercise of any rights arising under Section 10.210, or otherwise, shall be paid to the Administrative Agent and distributed among the Lenders pro rata in accordance with their respective Rateable Portions (or, as the case may be, to or among the Administrative Agent, the Lender or the Lenders to whom those payments are owing) in each instance in the following order:

Appears in 1 contract

Samples: Credit Agreement (Quest Capital Corp)

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Application of Payments Before Exercise of Rights. Subject to the provisions of this Agreement, all payments made by or on behalf of the Borrowers Borrower on account of the Obligations before the exercise of any rights arising under Section 10.2, 10.2 or otherwise, shall be paid to the Administrative Agent and distributed among to the Lenders pro rata in accordance with their respective Rateable Portions Portion (or, as the case may be, to or among the Administrative Agent, the Lender or the Lenders to whom those payments are owing) in each instance in the following order:

Appears in 1 contract

Samples: Credit Agreement (Tricon Residential Inc.)

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