DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS Sample Clauses

DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS. (a) So long as no Actionable Default has occurred and is continuing, all amounts distributed to the Agent pursuant to SECTION 4 of the Postpetition Collateral Agency Agreement for application to the Postpetition Obligations shall be applied by the Agent in the following order: FIRST, to the payment of any Fees, Expenses or other Postpetition Obligations due and payable to the Agent under any of the Credit Documents, including Agent Revolving Advances and any other amounts advanced by the Agent on behalf of the Revolving Lenders; SECOND, to the payment of any Fees, Expenses or other Postpetition Obligations due and payable to the Issuing Bank under any of the Credit Documents; THIRD, to the ratable payment of any Fees, Expenses or other Postpetition Obligations due and payable to the Revolving Lenders under any of the Credit Documents other than those Postpetition Obligations specifically referred to in this Section 4.11(A); FOURTH, to the ratable payment of any Fees, Expenses or other Postpetition Obligations due and payable to the Original Term Lenders and the Second Term Lenders under any of the Credit Documents other than those Postpetition Obligations specifically referred to in this Section 4.11(A); FIFTH, to the ratable payment of interest due and payable on the Revolving Loans to the Revolving Lenders; SIXTH, to the ratable payment of principal due on the Revolving Loans to the Revolving Lenders; SEVENTH, to the payment of interest due and payable on the Original Term Loan and the Second Term Loan to the Original Term Lenders and the Second Term Lenders; EIGHTH, to the payment of principal due on the Original Term Loan and the Second Term Loan to the Original Term Lenders and the Second Term Lenders; NINTH, to the payment of any Fees, Expense or other Postpetition Obligations due and payable to the Overadvance Term Lender under any of the Credit Documents other than those Postpetition Obligations specifically referred to in this SECTION 4.11(A); TENTH, to the payment of interest due and payable on the Overadvance Term Loan to the Overadvance Term Lender; and ELEVENTH, to the payment of principal due on the Overadvance Term Loan to the Overadvance Term Lender, it being understood and agreed that, notwithstanding any acceleration of the maturity of the Postpetition Obligations in respect of (i) the Original Term Loan and the Second Term Loan pursuant to SECTION 9.2A or any other provision of this Credit Agreement or any other Credit Document, no amoun...
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DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS. All Collections received by the Agent, and all other amounts received by the Borrowers and delivered to the Agent, shall be credited to the Loan Account; provided, that if an Event of Default has occurred and is continuing, all Collections and other amounts received by Agent shall be distributed and applied in the following order: first, to the payment of any Fees, Expenses or other Obligations due and payable to the Agent under any of the Credit Documents, including Agent Advances and any other amounts advanced by the Agent on behalf of the Lenders; second, to the payment of any Fees, Expenses or other Obligations due and payable to any Issuing Bank under any of the Credit Documents; third, to the ratable payment of any Fees, Expenses or other Obligations due and payable to the Lenders under any of the Credit Documents other than those Obligations specifically referred to in this Section; fourth, to the ratable payment of interest due on the Revolving Loans; and, fifth, to the ratable payment of principal due on the Revolving Loans.
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DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS. All Collections received by the Agent, and all other amounts received by the Borrowers from any account debtor and delivered to the Agent, shall be credited to the Loan Account, unless an Event of Default has occurred and is continuing, in which case such Collections and other amounts shall be distributed and applied in the following order: first, to the payment of any Fees, Expenses or other Obligations due and payable to the Agent under any of the Credit Documents, including Agent Advances and any other amounts advanced by the Agent on behalf of the Lenders; second, to the payment of any Fees, Expenses or other Obligations due and payable to the Issuing Bank under any of the Credit Documents; third, to the ratable payment of any Fees, Expenses or other Obligations due and payable to the Lenders under any of the Credit Documents other than those Obligations specifically referred to in this Section; fourth, to the ratable payment of interest due on the Revolving Loans; and, fifth, to the ratable payment of principal due on the Revolving Loans.
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DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS. All Collections received by the Agent, and all other amounts received by the Borrowers from any account debtor and delivered to the Agent, shall be credited to the Loan Account, unless an Event of Default has occurred and is continuing, in which case such Collections and other amounts shall be distributed and applied in the following order: first, to the payment of any Fees, Expenses or other Obligations due and payable to the Agent under any of the Credit Documents, including Agent Advances and any other amounts advanced by the Agent on behalf of the Lenders; second, to the payment of any Fees, Expenses or other Obligations due and payable to the Issuing Bank under any of the Credit Documents; third, to the ratable payment of any Fees, Expenses or other Obligations due and payable to the Lenders under any of the Credit Documents other than those Obligations specifically referred to in this Section; fourth, to the ratable payment of interest due on the Revolving Loans; and, fifth, to the ratable payment of principal due on the Revolving Loans. Notwithstanding the foregoing, in the event that the Obligations are declared due and payable pursuant to Section 9.2 hereof at a time when Revolving Loans are outstanding against the Tranche B Availability, any distributions for the ratable payment of interest and principal on the Revolving Loans shall be made by the Agent as if no such Tranche B Availability Revolving Loans were outstanding, to the effect that all interest and principal on all other outstanding loans shall be paid prior to the payment of interest and principal on any Revolving Loans outstanding against Tranche B Availability.
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DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS. All Collections received by the Agent, and all other amounts received by the Borrowers and delivered to the Agent, shall be credited to the Loan Account; PROVIDED, that if an Event of Default has occurred and is continuing, all Collections and other amounts received by Agent shall be distributed and applied in the following order: FIRST, to the payment of any Fees, Expenses or other Obligations due and payable to the Agent under any of the Credit Documents, including Agent Advances and any other amounts advanced by the Agent on behalf of the Lenders; SECOND, to the payment of any Fees, Expenses or other Obligations due and payable to
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DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS. All Collections received by the Agent, and all other amounts received by the Borrowers from any account debtor or with respect to any Asset Disposition permitted by the terms hereof and delivered to the Agent, shall be credited to the Revolving Loan Account, unless an Event of Default has occurred and is continuing, in which case such Collections and other amounts (including, without limitation, any amounts received from the Guarantor or Charxxx Xxxxxxx xxxsuant to the Guarantees, or any amounts received in connection with any disposition of Collateral pursuant to any of the Collateral Documents) shall be distributed and applied in accordance with the terms of the Intercreditor Agreement.
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DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS. (a) All amounts received by the Collateral Agent in the Collateral Account shall be distributed by the Collateral Agent for application to the Prepetition Obligations and the Postpetition Obligations, respectively, pursuant to SECTION 4 of the Postpetition Collateral Agency Agreement.
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Related to DISTRIBUTION AND APPLICATION OF COLLECTIONS AND OTHER AMOUNTS

  • Allocation and Application of Collections Any provisions of Article 4 of the Base Indenture and the Series 2000-1 Supplement which allocate and apply Collections shall continue to apply irrespective of the issuance of the Series 1998-1 Notes. Sections 4.1 through 4.5 of the Base Indenture shall be read in their entirety as provided in the Base Indenture, provided that for purposes of the Series 1998-1 Notes, clauses (c), (d) and (e) of Section 4.2 of the Base Indenture shall be modified as permitted by Section 11.1(f) of the Base Indenture and shall read as follows:

  • CREDITING PAYMENTS; APPLICATION OF COLLECTIONS The receipt of any Collections by Foothill (whether from transfers to Foothill by the Concentration Account or otherwise) immediately shall be applied provisionally to reduce the Obligations outstanding under SECTION 2.1, but shall not be considered a payment on account unless such Collection item is a wire transfer of immediately available federal funds and is made to the Foothill Account or unless and until such Collection item is honored when presented for payment. From and after the Closing Date, Foothill shall be entitled to charge Borrower for 2 Business Days of `clearance' or `float' at the rate set forth in SECTION 2.6(a) or SECTION 2.6(c), as applicable, on all Collections that are received by Foothill (regardless of whether forwarded by the Concentration Account Bank to Foothill, whether provisionally applied to reduce the Obligations under SECTION 2.1, or otherwise). This across-the-board 2 Business Day clearance or float charge on all Collections is acknowledged by the parties to constitute an integral aspect of the pricing of Foothill's financing of Borrower, and shall apply irrespective of the characterization of whether receipts are owned by an Obligor or Foothill, and whether or not there are any outstanding Advances, the effect of such clearance or float charge being the equivalent of charging 2 Business Days of interest on such Collections. Should any Collection item not be honored when presented for payment, then Borrower shall be deemed not to have made such payment, and interest shall be recalculated accordingly. Anything to the contrary contained herein notwithstanding, any Collection item shall be deemed received by Foothill only if it is received into the Foothill Account on a Business Day on or before 11:00 a.m.

  • Application of Collections On each Payment Date, all collections for the related Collection Period shall be applied by the Servicer as follows:

  • DISTRIBUTIONS AND ADVANCES BY THE SERVICER Section 4.01 Advances..................................................... Section 4.02

  • Application of Available Finance Charge Collections and Available Principal Collections On or before each Transfer Date, the Servicer shall instruct the Indenture Trustee in writing (which writing shall be substantially in the form of Exhibit B) to withdraw and the Indenture Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or related Distribution Date, as applicable, to the extent of available funds, the amount required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account as follows:

  • Application of Net Liquidation Proceeds For all purposes under this agreement, Net Liquidation Proceeds received from a Servicer shall be allocated first to accrued and unpaid interest on the related Mortgage Loan and then to the unpaid principal balance thereof.

  • DISTRIBUTIONS AND ADVANCES Section 5.01

  • Application of Amounts in Trust Accounts (a) For so long as any Notes are outstanding, on each Payment Date, the Indenture Trustee will distribute to the Certificateholders, on a pro rata basis, based on the Percentage Interests thereof, the amounts distributable thereto pursuant to Section 5.06 of the Sale and Servicing Agreement and Section 3.01 of the Indenture. From and after the date on which the Notes of all Classes have been paid in full, the Paying Agent shall distribute to the Certificateholders (i) amounts released to the Issuer pursuant to Sections 4.02 and 8.05(b) of the Indenture and Section 5.01(d) of the Sale and Servicing Agreement and (ii) amounts that are distributable to the Certificateholders in accordance with the instructions of the Servicer pursuant to Section 5.06 of the Sale and Servicing Agreement.

  • Distribution of Liquidation Proceeds Subject to the terms and conditions hereof, the Administrative Agent shall distribute all Liquidation Proceeds in the order and manner set forth below:

  • Distributions and Advances by the Master Servicer 65 SECTION 4.1 Advances..........................................................................................65 SECTION 4.2 Priorities of Distribution........................................................................65

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