Application of Payments Following Acceleration Sample Clauses

Application of Payments Following Acceleration. After the Acceleration Date, Royal may apply any moneys received by it towards repayment of Borrowings under the Credit Facility as it deems appropriate. Royal agrees to use reasonable efforts to apply moneys received by it to first repay Borrowings under the Borrowing Options which do not have redeployment costs associated with payment prior to the maturity dates of such Borrowings.
The Best Document Search Engine

Trusted by 300,000+ customers in 50+ countries

30+ Reviews on G2 Crowd
"Taking My Game to the Next Level"
Steven-P-K.png
Steven P. K
Attorney
Application of Payments Following Acceleration. All monies and property received by the Lender for application in respect of the Obligations and the Financial Instrument Obligations under Lender Financial Instruments subsequent to the Adjustment Time and all monies received as a result of a realization upon the Security (collectively, the “Realization Proceeds”) shall be applied in the order and manner set forth below: