Common use of Application of Payments Received Clause in Contracts

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.

Appears in 2 contracts

Samples: Lending Services Agreement (Cushing Renaissance Fund), Lending Services Agreement (Cushing MLP & Infrastructure Total Return Fund)

AutoNDA by SimpleDocs

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 DefaultEntity.

Appears in 2 contracts

Samples: Lending Services Agreement (Trust for Advised Portfolios), Lending Services Agreement (Trust for Advised Portfolios)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.