Borrowing Base Shortfall. Fourth, the amount of any Borrowing Base Shortfall, first (A) to the Note Holders (to their respective Note Holder’s Account and in accordance with such Note Holder’s Pro Rata Share), until the outstanding principal balances of the Purchase Money Notes have been reduced to zero, and (B) the remainder, if any, to the Lenders (to their respective Lender’s Account and in accordance with such ▇▇▇▇▇▇’s Pro Rata Share);
Appears in 2 contracts
Sources: Custodial and Paying Agency Agreement (First Citizens Bancshares Inc /De/), Custodial and Paying Agency Agreement (First Citizens Bancshares Inc /De/)