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.
Appears in 3 contracts
Samples: Credit Agreement (Louisiana-Pacific Corp), Canada Credit Agreement (Louisiana Pacific Corp), Credit Agreement (Louisiana Pacific Corp)