Common use of Order of Distribution Clause in Contracts

Order of Distribution. If the amount received by the Agent from the Borrower on any date is less than the total sum remaining and/or becoming due under this Agreement on that date, the Agent shall apply that amount in or towards payment of the following sums in the following order:

Appears in 3 contracts

Samples: Agreement (Alstom), Transfer Agreement (Alstom), Agreement (Alstom)

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Order of Distribution. 15.7 If the amount received by the Agent from the Borrower on any date is less than the total sum remaining and/or becoming due under this Agreement on that date, the Agent shall apply that amount in or towards payment of the following sums in the following order:

Appears in 2 contracts

Samples: Agreement (Alstom), Agreement (Alstom)

Order of Distribution. 16.7 If the amount received by the Agent from the Borrower on any date is less than the total sum remaining and/or becoming due under this Agreement on that date, the Agent shall apply that amount in or towards payment of the following sums in the following order:

Appears in 1 contract

Samples: Agreement (Alstom)

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Order of Distribution. (1) If the amount received by the Agent from the Borrower on any date is less than the total sum remaining and/or becoming due under this Agreement on that date, the Agent shall apply that amount in or towards payment of the following sums in the following order:order:-

Appears in 1 contract

Samples: Agreement (American Eagle Tankers Inc LTD)

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