Normal order of application Sample Clauses

Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by any Creditor Party under or by virtue of any Finance Document shall be applied:
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Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by the Lender under or by virtue of any Finance Document after service of notice on the Borrowers under Clause 19.2(a) or (b) shall be applied:
Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by the Lender under or by virtue of any Finance Document shall be applied: FIRST: in or towards satisfaction of any amounts then due and payable under the Finance Documents (or any of them) in the following order of application and/or proportions:
Normal order of application. Except as any Security Document may otherwise provide, any sums which are received or recovered by the Bank under or by virtue of any Security Document after the service of notice on the Borrower shall be applied:
Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by the Payment Agent, the Facility Agent or the Security Trustee under or by virtue of any Finance Document shall be applied: FIRST: in or towards the payment or reimbursement of any expenses or liabilities incurred by the Credit Parties in connection with the ascertainment, protection or enforcement of their respective rights and remedies hereunder and under the other Finance Documents, including without limitation any amounts due under Clause 15 hereof;
Normal order of application. Any sums which are received or recovered by any Creditor Party under or by virtue of any Finance Document shall, except as any Finance Document may otherwise provide, be paid to the Agent and, subject to the Agent being permitted pursuant to the terms of the Intercreditor Deeds to apply such sums against the Secured Liabilities, shall be applied by the Agent:
Normal order of application. Except as this Agreement or any other Finance Document may otherwise provide, any sums which are received or recovered by the Agent or the Security Trustee under or by virtue of any Finance Document shall be paid to the account of the Agent identified in Clause 12.1(c) and applied by the Agent in the following manner: FIRST: in or towards the payment or reimbursement of any expenses or liabilities incurred by the Agent, the Security Trustee or the Lenders in connection with the ascertainment, protection or enforcement of their respective rights and remedies hereunder and under the other Finance Documents, including without limitation any amounts due under Clause 16 hereof;
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Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by the Lender under or by virtue of any Finance Document shall be applied: FIRST: in or towards satisfaction of any amounts then due and payable under the Finance Documents (or any of them) in such order of application and/or such proportions as the Lender may specify by notice to the Borrower and the Security Parties; SECONDLY: (following the occurrence of an Event of Default or Potential Event of Default which is continuing) in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Lender, by notice to the Borrower and the Security Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; and THIRDLY: any surplus shall be paid to the Borrower or to any other person appearing to be entitled to it.
Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by any Creditor Party under or by virtue of any Finance Document and the Master Agreements (including, without limitation, the Master Agreements) shall be applied:
Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by any Creditor Party under or by virtue of any Finance Document after the service of notice on the Borrower under Clause 19.2(a)(i) or (ii) shall be applied: FIRST: in or towards satisfaction of any amounts then due and payable under the Finance Documents or the Master Agreement in the following proportions:
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