Common use of Order of Application Clause in Contracts

Order of Application. To the extent any payment made to any Lender or any Lessor pursuant to sections 7.2, 7.3, 7.4, 7.6 or 7.7 is insufficient to pay in full the Participant Balance of such Lender or Lessor, then each such payment shall first be applied to accrued interest or Yield and then to principal on the Loans or the Lessor Amounts, as applicable.

Appears in 2 contracts

Samples: Participation Agreement (Beverly Enterprises Inc), Participation Agreement (Beverly Enterprises Inc /De/)

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Order of Application. To the extent any payment made to any Lender or any Lessor Participant pursuant to sections Sections 7.2, 7.3, 7.4, 7.6 7.6, 7.7, 7.8 or 7.7 7.9 is insufficient to pay in full the Participant Balance of such Lender or LessorParticipant, then each such payment shall first be applied to accrued interest or Yield and then to principal on of the Loans or the Lessor Amounts, as applicable.

Appears in 2 contracts

Samples: Participation Agreement (Lam Research Corp), Participation Agreement (Lam Research Corp)

Order of Application. To the extent any payment made distributed to any Lender or any Lessor Participant pursuant to sections Section 7.2, 7.3, 7.4, 7.5, 7.6 or 7.7 is insufficient to pay in full the Participant Balance of such Lender or Lessorany Participant plus all accrued interest and Yield (as applicable) thereon, then each such payment shall first be applied to accrued interest or Yield and then to principal on the Loans or the Lessor Amounts, as applicable.

Appears in 1 contract

Samples: Participation Agreement (Adobe Systems Inc)

Order of Application. To the extent any payment made to any Lender or any the Lessor pursuant to sections Section 7.2, 7.3, 7.4, 7.6 or 7.7 is insufficient to pay in full the Participant Balance of such Lender or the Lessor, then each such payment shall first be applied to accrued interest or Yield and then to principal on the Loans or the Lessor AmountsAmount, as applicable.. Participation Agreement

Appears in 1 contract

Samples: Participation Agreement (Symantec Corp)

Order of Application. To the extent any payment made to any Lender or any Lessor Participant pursuant to sections 7.2Sections 5.2, 7.35.3, 7.45.4, 7.6 5.5 or 7.7 5.8 is insufficient to pay in full the Participant Balance of such Lender or LessorParticipant, then each such payment shall first be applied to overdue interest, then to accrued interest or Yield and then to principal on the Loans or the Lessor Amounts, as applicableprincipal.

Appears in 1 contract

Samples: Participation Agreement (Home Depot Inc)

Order of Application. To the extent any payment made to any Lender or any Lessor pursuant to sections Sections 7.2, 7.3, 7.4, 7.6 or 7.7 is insufficient to pay in full the Participant Balance of such Lender or Lessor, then each such payment shall first be applied to accrued interest or Yield and then to principal on the Loans or the Lessor Amounts, as applicable.

Appears in 1 contract

Samples: Participation Agreement (Alumax Inc)

Order of Application. To the extent any payment made to any Lender or any Lessor Participant pursuant to sections Sections 7.2, 7.3, 7.4, 7.6 7.6, 7.7 or 7.7 7.8 is insufficient to pay in full the Participant Balance of such Lender or LessorParticipant, then each such payment shall first be applied to accrued and unpaid interest or Yield Yield, second to the Make-Whole Amount, if any, on the Notes and the Lessor Amounts and then to principal on of the Loans Notes or the Lessor Amounts, as applicable.

Appears in 1 contract

Samples: Participation Agreement (Sabre Holdings Corp)

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Order of Application. To the extent any payment made to any Lender or any Lessor Participant pursuant to sections 7.2Sections 5.2, 7.35.3, 7.45.4, 7.6 5.5 or 7.7 5.8 is insufficient to pay in full (without duplication) the Participant Balance of such Lender or LessorParticipant, then each such payment shall first be applied to overdue interest, then to accrued interest or Yield and premium, if any, and then to principal on the Loans or the Lessor Amounts, as applicableprincipal.

Appears in 1 contract

Samples: Participation Agreement (Home Depot Inc)

Order of Application. To the extent any payment made distributed to any Lender or any Lessor Participant pursuant to sections Section 7.2, 7.3, 7.4, 7.5 or 7.6 or 7.7 is insufficient to pay in full the Participant Balance of such Lender or Lessorany Participant plus all accrued interest, Return and Yield (as applicable) thereon, then each such payment shall first be applied to accrued interest interest, Return or Yield and then to outstanding principal on the Loans Loans, outstanding Capital or the any outstanding Lessor Amounts, as applicable.

Appears in 1 contract

Samples: Participation Agreement (Adobe Systems Inc)

Order of Application. To the extent any payment made distributed to any Lender or any Lessor Participant pursuant to sections Section 7.2, Section 7.3, Section 7.4, Section 7.5, or Section 7.6 or 7.7 is insufficient to pay in full the Participant Balance of such Lender or Lessorany Participant plus all accrued interest and Yield (as applicable) thereon, then each such payment shall first be applied to accrued interest or Yield and then to principal on the Loans or the Lessor Amounts, as applicable.

Appears in 1 contract

Samples: Participation Agreement (Citrix Systems Inc)

Order of Application. To the extent any payment made to any Lender or any Lessor Participant pursuant to sections 7.2Sections 5.3, 7.35.4, 7.45.5, 7.6 5.8 or 7.7 5.13 is insufficient to pay in full the Participant Balance of such Lender or LessorParticipant, then each such payment shall first be applied to accrued interest or Yield and then to principal on the Loans or the Lessor Investment Amounts, as applicable.

Appears in 1 contract

Samples: Loan Agreement (Applied Materials Inc /De)

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