Common use of CFC Payments Clause in Contracts

CFC Payments. Any references to Borrowers (in the context of payments, proceeds, liabilities or Obligations), Commitments, Collateral, L/C Borrowings or Loans shall mean, in the case of and as applied to the foregoing, with respect to any Obligations of the Domestic Borrowers, only the Domestic Borrowers (or any of its Domestic Subsidiaries and only for their own account), the Collateral that is property of Domestic Borrowers, or L/C Borrowings or Loans constituting Obligations of Domestic Borrowers (or any of its Domestic Subsidiaries), so that collections received from the Canadian Loan Parties and proceeds of the Collateral that is property of the Canadian Loan Parties (or any other Canadian Loan Party) shall be applied solely and exclusively to the payment of the Canadian Liabilities. All provisions contained in any Loan Document or side letter shall be interpreted consistently with this Section 2.16 to the extent possible, and where such other provisions conflict with the provisions of this Section 2.16, the provisions this Section 2.16 shall govern.