Common use of Lender Notification; Payment Application Clause in Contracts

Lender Notification; Payment Application. The Administrative Agent will promptly advise each Lender of any notice of prepayment it receives from the Borrower.

Appears in 2 contracts

Sources: Second Lien Credit Agreement, Second Lien Credit Agreement (Turning Point Brands, Inc.)

Lender Notification; Payment Application. The Administrative Agent will promptly advise each Lender of any notice of prepayment it receives from the BorrowerBorrowers.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Turning Point Brands, Inc.)