Application of Payments Received. Customer specifically authorizes any Scotia Entity to apply any payment received on Customer’s behalf, including interest, dividends, premiums, principal or other payments, to any Obligation to such Scotia Entity or to any other Scotia Entity after the occurrence of an Event of Default.
Application of Payments Received. Except as may otherwise be provided in this Note, all payments received by KeyBank on this Note shall be applied by KeyBank to any unpaid Late Payment Charges (hereinbelow defined), accrued and unpaid interest then due and owing and the reduction of principal of this Note, in such order and in such amounts as KeyBank may determine from time to time. Sums applied to LIBOR Advances shall be applied first to those LIBOR Advances having Interest Rate Election Periods which are next to expire in chronological order.
Application of Payments Received. All payments received by Administrative Agent hereunder shall be applied: First, to the payment of all fees, expenses and other amounts due Administrative Agent or the Lenders hereunder (excluding principal and interest); second, to accrued interest; and third, the balance to outstanding principal. As to sums applied to accrued interest under clause "second" above, such prepayment shall be applied first to LIBOR Rate Loans of the shortest maturity so as to minimize breakage costs. Notwithstanding anything to the contrary set forth in this Section 3.08 or in any of the Loan Documents, if an Event of Default exists, Administrative Agent may distribute payments to the Lenders for application in such manner as it, subject to Section 2.02(h), may determine to be appropriate.
Application of Payments Received. Except as otherwise provided in this Note, all payments received by the Lender on this Note shall be applied by the Lender as follows:
Application of Payments Received. Payments made pursuant to this Agreement by the Borrowers, and all cash Collateral and proceeds of Collateral, shall be first applied to reimburse the Issuing Bank for all amounts drawn under each Letter of Credit but not reimbursed and all other amounts due the Issuing Bank under the Loan Documents until all such amounts are paid in full, and second applied to pay Letter of Credit Advances then outstanding comprising part of the same Borrowing until all such Advances are paid in full, in each case, together with the respective interest accrued thereon, and third applied to payment of all other amounts due the Administrative Agent and the Lenders until all such amounts are paid in full.
Application of Payments Received. Except as otherwise provided in this Note or the Loan Agreement, all payments received by the Bank on this Note shall be applied by the Bank as follows: FIRST, to any unpaid Late Payment Charges (hereinbelow defined); and SECOND, to accrued and unpaid interest then due and owing; and THIRD, to the reduction of principal of this Note. If an Event of Default (as defined below) occurs, the Bank shall apply any payments received to such sums as are due the Bank under the Loan Documents (as defined in the Loan Agreement) in such amounts and priority as the Bank may determine.
Application of Payments Received. Unless otherwise agreed in writing, payments received by HACC on behalf of Students shall be applied in the following order:
Application of Payments Received. Any amounts received from Tenants after Closing shall be applied on a Tenant-by-Tenant basis in the following order: (i) first, on account of any amount currently due Purchaser from such Tenant(s); (ii) next, to Purchaser for Purchaser's actual out-of-pocket costs, if any, of collection of such amounts; and (iii) on the account of any amount due Seller; provided, that Purchaser will use commercially reasonable efforts to collect any such amounts due Seller but shall not be obligated to file suit to recover same. Seller shall have no right to seek judgments or other relief against Tenants after Closing without the Purchaser's prior written approval, which approval shall not be unreasonably withheld or delayed.
Application of Payments Received. All payments and distributions received by Crescent in respect of the Franchise Fees, to the extent received in or converted into cash, may be applied by Crescent first to the payment of any and all expenses (including reasonable attorneys' fees and legal expenses) paid or incurred by Crescent in enforcing this Agreement or in endeavoring to collect or realize upon any of the Franchise Fees or any security therefore, and any balance shall, solely as between Magellan and Crescent, be applied by Crescent, in such order of application as Crescent may from time to time select, toward the payment of Rent (other than Non-Priority Additional Rent) remaining unpaid, but as between OpCo or any OpCo Sub and its creditors, no such payments or distributions of any kind or character shall be deemed to be payments or distributions in respect of Rent.
Application of Payments Received. If no Event of Default or demand for repayment has occurred, or if an Event of Default occurred but the Borrower cured that Event of Default within the applicable cure period under the Loan Documents, if any, the Lender will apply all payments received by Lender on this Note first, to any fees or charges due or payable to the Lender under the Loan Documents, second, to accrued but unpaid interest on this Note, then third, to the outstanding principal balance of this Note. If an Event of Default has occurred, and the Borrower has failed to cure that Event of Default within the applicable cure period under the Loan Documents, if any, the Lender will apply all payments on this Note, the proceeds of the Collateral, and all funds then or thereafter in the Deposit Account or otherwise deposited by Borrower with Lender, in the manner that the Lender deems appropriate.
