Common use of Partial payments Clause in Contracts

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 8 contracts

Sources: Facility Agreement (Delhaize Group), Term Loan Facilities Agreement (Linde AG), Amendment and Restatement Agreement (Discovery Communications, Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Mandated Lead Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 7 contracts

Sources: Credit Facility Agreement (Lafarge), Facility Agreement (MTS Inc), Facility Agreement (Lillian Acquisition, Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 6 contracts

Sources: Facility Agreement (Synnex Corp), Facility Agreement (Imerys S.A.), Facility Agreement (CTC Media, Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii28.6(a)(ii) to (iv28.6(a)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 5 contracts

Sources: Syndicated Loan Agreement (Hillenbrand, Inc.), Syndicated L/G Facility Agreement (Hillenbrand, Inc.), Syndicated Loan Agreement (Hillenbrand, Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 5 contracts

Sources: Facilities Agreement (Cemex Sab De Cv), Facility Agreement (Gold Fields LTD), Facilities Agreement (HeidelbergCement AG)

Partial payments. (a) If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Security Agent under the Finance Documents; (ii) secondlysecond, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreementthose Finance Documents; (iii) thirdly, in or towards payment pro rata of any amounts of principal due but unpaid under this Agreementthose Finance Documents; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 5 contracts

Sources: Facilities Agreement (Sappi LTD), Amending Agreement (Sappi LTD), Credit Agreement (Sappi LTD)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent, the Security Agent and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 4 contracts

Sources: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Mandated Lead Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 4 contracts

Sources: Syndicated Multicurrency Term Loan Facility Agreement (Sap Aktiengesellschaft Systems Applications Products in Data), Credit Facility Agreement (Sap Ag), Credit Facility Agreement (Sap Ag)

Partial payments. (aA) If the Facility Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (bB) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iiA)(ii) to (iv) above. (cC) Paragraphs (aA) and (bB) above will override any appropriation made by an Obligor.

Appears in 4 contracts

Sources: Amendment and Restatement Agreement (Kosmos Energy Ltd.), Multicurrency Revolving Letter of Credit Facility Agreement (Kosmos Energy Ltd.), Multicurrency Revolving Letter of Credit Facility Agreement (Kosmos Energy Ltd.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 4 contracts

Sources: Facility Agreement (Bunge LTD), Facility Agreement (Bunge LTD), Facilities Agreement (Bunge LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority LendersLender, vary the order set out in paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 3 contracts

Sources: Facility Agreement (Polestar Automotive Holding UK PLC), Facility Agreement (Polestar Automotive Holding UK PLC), Facility Agreement (Polestar Automotive Holding UK PLC)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent and the Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in sub-paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 3 contracts

Sources: Facility Agreement (Bunge Global SA), Revolving Facility Agreement (Bunge Global SA), Facility Agreement (Bungeltd)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Facility Agent, the Bookrunners or the Mandated Lead Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, Lenders vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Debt Bridge Facility Agreement (Xstrata PLC), Debt Bridge Facility Agreement (Xstrata PLC), Dual Currency Term Facility Agreement (Xstrata PLC)

Partial payments. (a) If the an Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the that Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agents under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Amendment Agreement (BHP Billiton PLC), Multicurrency Term and Revolving Facilities and Subscription Agreement (BHP Billiton LTD), Facility and Subscription Agreement (BHP Billiton PLC)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 3 contracts

Sources: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent any Administrative Party under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee (other than as provided in (i) above) or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Term Loan Facility Agreement (China Security & Surveillance Technology, Inc.), Term Loan Facility Agreement (China Security & Surveillance Technology, Inc.), Term Loan Facility Agreement (China Security & Surveillance Technology, Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents unless otherwise provided in this Agreement or in the Intercreditor Agreement in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses (including legal fees) of the Agent and the Security Trustee under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission fees due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due in respect of the Loan but unpaid under this Agreement; and; (iv) fourthly, in or towards payment pro rata of any other sum due but amount unpaid under in respect of the Finance DocumentsDiscount Premium Amount; (v) fifthly, in release to the Borrower. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs Paragraph (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Subordinated Facility Agreement (Diana Shipping Inc.), Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Containerships Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent or in the Security Agent (including any Receiver or Delegate) or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

Partial payments. (a) If the COFACE Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the COFACE Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the COFACE Agent, the Security Agent or the Mandated Lead Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due to the Finance Parties but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The COFACE Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.), Facility Agreement (Globalstar, Inc.)

Partial payments. (a) If any Finance Party receives or recovers an amount from or in respect of the Agent receives a payment that Company under or in connection with any Finance Document which amount is insufficient to to, or is not applied to, discharge all the amounts then due and payable by an Obligor the Company under the Finance Documents, then the Agent shall apply that payment towards the obligations of that Obligor the Company under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee (other than as provided in (ii) above) or commission due but unpaid under this Agreementthe Finance Documents; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Company.

Appears in 3 contracts

Sources: Facility Agreement (Alibaba Group Holding LTD), Facility Agreement (Alibaba Group Holding LTD), Facility Agreement (Alibaba Group Holding LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Credit Facilities Agreement (Gold Fields LTD), Facilities Agreement (LG Acquisition Corp.), Credit Facility Agreement (Gold Fields LTD)

Partial payments. (a) If the an Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Financing Documents, the such Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Financing Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agents and Mandated Lead Arrangers under the Finance Financing Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Financing Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 3 contracts

Sources: Credit Agreement (France Telecom /), Credit Agreement (France Telecom /), Credit Agreement (France Telecom /)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Single Currency Revolving Facility Agreement (StoneX Group Inc.), Revolving Facility Agreement (StoneX Group Inc.), Revolving Facility Agreement (StoneX Group Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs amounts owing to the Agent and expenses of the Security Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 3 contracts

Sources: Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Mandated Lead Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Multicurrency Revolving Facility Agreement (Luxottica Group Spa), Facility Agreement (Luxottica Group Spa), Facilities Agreement (Luxottica Group Spa)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Multicurrency Term and Revolving Facilities Agreement (Tenedor CORP), Multicurrency Revolving Facility Agreement (Tercica Inc), Senior Subordinated Credit Agreement (Misys PLC)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment of any commitment fee due under Clause 22.3 (Commitment fee) but unpaid; (iii) thirdly, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iiiiv) thirdlyfourthly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (ivv) fourthlyfifthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by all the Majority LendersBanks, vary the order set out in sub-paragraphs (a)(ii) to (ivv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Credit Agreement (Spirent PLC), Revolving Credit Facility (Spirent PLC), Facility Agreement (Spirent PLC)

Partial payments. (a) If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the those Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreementthose Finance Documents; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreementthose Finance Documents; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 3 contracts

Sources: Revolving Facilities Agreement (Molson Coors Brewing Co), Unsecured Uncommitted Revolving Facilities Agreement (Molson Coors Brewing Co), Revolving Facilities Agreement (Molson Coors Brewing Co)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an any Obligor under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that the relevant Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent and the Mandated Lead Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iia)(i) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Facility Agreement (Ses S.A.), Bridge Facility Agreement (Ses S.A.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent, the Security Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal amount due but unpaid under this AgreementClauses 6.3 (Claims under a Letter of Credit) and 6.4 (Indemnities); and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority LendersBanks, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Facility Agreement (Platinum Underwriters Holdings LTD), Facility Agreement (Platinum Underwriters Holdings LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the any Finance DocumentsDocument, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the relevant Finance Documents Document in the following order:order:- (i) firstFIRST, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the any Finance DocumentsDocument; (ii) secondlySECONDLY, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iii) thirdlyTHIRDLY, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthlyFOURTHLY, in or towards payment pro rata of any other sum due but unpaid under the any Finance DocumentsDocument. (b) The Agent shall, if so directed by all the Majority LendersBanks, vary the order set out in sub-paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will shall override any appropriation made by an Obligorthe Borrower.

Appears in 2 contracts

Sources: Credit Facility Agreement (Lg Electronics Inc), Credit Facility Agreement (Lg Electronics Inc)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors under the Finance Documents, the Facility Agent shall must apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Administrative Parties, Receivers or their respective Delegates under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, interest or fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal amount due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shallmust, if so directed by the Majority Lenders, vary the order set out in sub-paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above This Subclause will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Facility Agreement (TTM Technologies Inc), Facility Agreement (TTM Technologies Inc)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent any Administrative Party under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee (other than as provided in (i) above) or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 2 contracts

Sources: Bridge Facility Agreement (Visteon Corp), Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, accrued fee (other than as provided in (i) above) or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and; (iv) fourthly, in or towards payment pro rata of any amounts payable by the Borrowers under any Swap Agreement; and (v) fifthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (ivv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)

Partial payments. (a) If the an Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an any Obligor under the Finance Documents, the such Agent shall apply that payment towards the obligations of that the relevant Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agents and the Mandated Lead Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Such Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Syndicated Revolving Credit Agreement (Ibasis Inc), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 2 contracts

Sources: Facility Agreement (Randgold Resources LTD), Facility Agreement (Randgold Resources LTD)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors under the Finance Documents, the Facility Agent shall must apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, interest or fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal amount due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shallmust, if so directed by all the Majority Lenders, vary the order set out in sub paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above This Clause will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Term and Revolving Facilities Agreement (Smith & Nephew PLC), Facility Agreement (Smith & Nephew PLC)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor or BHL under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor and BHL under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent or in the Security Agent (including any Receiver or Delegate) or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documentsthis Agreement, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents this Agreement in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documentsthis Agreement; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documentsthis Agreement. (b) The Agent shall, if so directed by all the Majority Lenders, vary the order set out in sub-paragraphs (a)(iia) (ii) to (iv) above. (c) Paragraphs (a) and (b) above will shall override any appropriation made by an Obligorthe Borrower.

Appears in 2 contracts

Sources: Syndicated Loan Agreement (New Fortress Energy LLC), Syndicated Loan Agreement (NFE Financial Holdings LLC)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Trustee (including of any Receiver or Delegate) and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Secured Facilities Agreement (Citigroup Inc), Secured Facilities Agreement (Citigroup Inc)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Bridge and Term Facilities Agreement (Magnum Ice Cream Co B.V.), Bridge and Term Facilities Agreement (Magnum Ice Cream Co B.V.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Security Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Revolving Credit Facility Agreement (Central European Media Enterprises LTD), Single Currency Term Facility Agreement (General Geophysics Co)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs amount owing to the Agent and expenses of the Security Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Company under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Company under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Company.

Appears in 2 contracts

Sources: Facility Agreement (Nordic Telephone CO ApS), Facility Agreement (Nordic Telephone CO ApS)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by all the Majority LendersBanks, vary the order set out in paragraphs subparagraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Syndicated Loan Facility (Anglogold Ashanti LTD), Syndicated Bridge Loan Facility (Anglogold Ashanti LTD)

Partial payments. (a) 31.5.1 If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (ia) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agent, the Security Trustee (including of any Receiver or Delegate) and the Arranger under the Finance Documents; (iib) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iiic) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (ivd) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) 31.5.2 The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iia) to (ivd) of sub-clause 31.5.1 above. (c) Paragraphs (a) 31.5.3 Sub-clauses 31.5.1 and (b) 31.5.2 above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (Validus Holdings LTD), Amendment and Restatement Agreement (Validus Holdings LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 2 contracts

Sources: Facility Agreement (AstraZeneca Biopharmaceuticals Inc.), Facilities Agreement (Exide Corp)

Partial payments. (a) 29.5.1 If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) 29.5.2 The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii29.5.1(ii) to (iv29.5.1(iv) above. (c) 29.5.3 Paragraphs (a) 29.5.1 and (b) 29.5.2 above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Loan Agreement (Luxottica Group Spa), Bridge Facility Agreement (Luxottica Group Spa)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Term and Revolving Facilities Agreement (Sodexho Alliance S A), Multicurrency Revolving Facilities Agreement (Sage Group PLC)

Partial payments. (a) If Subject to Clauses 7.10 (Partial payments – Euro Swingline Facility) and 9.8 (Partial payments – US Dollar Swingline Facility), if the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Revolving Credit Facility Agreement (Magnum Ice Cream Co B.V.), Revolving Credit Facility Agreement (Magnum Ice Cream Co B.V.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Acquisition Facilities Agreement (Cemex Sa De Cv), Facilities Agreement (Cemex Sa De Cv)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrowers under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrowers under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by all the Majority LendersBanks, vary the order set out in sub-paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligora Borrower.

Appears in 2 contracts

Sources: Facility Agreement (Adecco Sa), Loan Agreement (Adecco Sa)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agent, the Arranger and the Trustee under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal liabilities due in respect of each Letter of Credit but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iiii) to (iv) of sub-clause 23.4(a) above. (c) Paragraphs (aSub-clauses 23.4(a) and (b23.4(b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 2 contracts

Sources: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Amendment Agreement (Hillenbrand, Inc.), Syndicated Loan Agreement (Hillenbrand, Inc.)

Partial payments. (a) If the an Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an any Obligor under the Finance Documents, the such Agent shall apply that payment towards the obligations of that the relevant Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agents and the Mandated Lead Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Such Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an the Obligor under the Finance Fundamental Documents, the Agent shall apply that payment towards the obligations of that the Obligor under the Finance Fundamental Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Fundamental Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Fundamental Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an the Obligor.

Appears in 2 contracts

Sources: Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.), Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in sub-paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Squeeze Out Facility Agreement (Coca-Cola HBC AG), Squeeze Out Facility Agreement (Coca-Cola HBC AG)

Partial payments. (a) If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance DocumentsAgent; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreementthose Finance Documents; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreementthose Finance Documents; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Term Facility Agreement (Manchester United PLC), Term Facility Agreement (Manchester United PLC)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority all Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Subscription Agreement (WMC Resources Inc), Facility Agreement (WMC Resources LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee (other than as provided in (i) above) or commission due but unpaid under this Agreementthe Finance Documents; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreementthe Finance Documents; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 2 contracts

Sources: Facility Agreement (TOM Group LTD), Facility Agreement (Tom Online Inc)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Security Agent (including of any Receiver or Delegate) and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 2 contracts

Sources: Facility Agreement (Aluminum Corp of China), Senior Secured Facility Agreement (Aluminum Corp of China)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors under the Finance Documentsthis Agreement, the Facility Agent shall must apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents this Agreement in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance DocumentsAdministrative Parties; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission fees due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal amount due but unpaid under this Agreement; andthe Facilities; (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shallmust, if so directed by the Majority Lenders, vary the order set out in sub-paragraphs (a)(iiii) to (iv) of paragraph (a) above. (c) Paragraphs (a) and (b) above This Clause will override any appropriation made by an Obligor.

Appears in 2 contracts

Sources: Senior Credit Agreement (Kabel Deutschland Vertrieb Und Service GmbH & Co. KG), Senior Credit Agreement (Kabel Deutschland GmbH)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Security Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Multicurrency Revolving Credit Facility Agreement (Misys PLC)

Partial payments. (a) If the Administrative Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Administrative Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Administrative Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Administrative Agent shall, if so directed by the Majority all Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Ship Finance International LTD)

Partial payments. (a) If the Agent receives a payment that for application against amounts due in respect of any Finance Documents which is insufficient to discharge all the amounts then due and payable by an Obligor a Loan Party under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor Loan Party under the those Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent under the those Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement;those Finance Documents; and (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iviii) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligora Loan Party.

Appears in 1 contract

Sources: Syndication and Amendment Agreement (Igate Corp)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Facility Agreement (Sigma Aldrich Corp)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondlysecond, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iii) thirdlythird, in or towards payment pro rata of any amounts of principal due but unpaid under this Agreement; and (iv) fourthlyfourth, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Facility Agreement (Sappi LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agent, the Arrangers and the Issuing Bank under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this AgreementAgreement and any amount due but unpaid under Clauses 7.3 (Claims under a Guarantee) and 7.4 (Indemnities); and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority LendersBanks, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Multicurrency Revolving Credit and Guarantee Facility Agreement (Subsea 7 S.A.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, . costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreementthose Finance Documents; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreementthose Finance Documents; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor. (d) This Clause shall not affect the right of the Lenders to claim any other amount due to them under the Finance Documents.

Appears in 1 contract

Sources: Bridge Facility Agreement (Smurfit WestRock LTD)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent the Mandated Lead Arranger or the Security Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Facility Agreement (Multi Fineline Electronix Inc)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iia) (ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 1 contract

Sources: Bridge Facility Agreement (Himalaya Shipping Ltd.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) firstFIRST, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondlySECONDLY, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdlyTHIRDLY, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthlyFOURTHLY, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 1 contract

Sources: Wassa Project Facility Agreement (Golden Star Resources LTD)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor ABB or the Obligors under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an ABB or any Obligor.

Appears in 1 contract

Sources: Limited Liability Partnership Agreement (Abb LTD)

Partial payments. (a) If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondlysecond, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreementthose Finance Documents; (iii) thirdly, in or towards payment pro rata of any amounts of principal due but unpaid under this Agreementthose Finance Documents; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Sappi LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Mandated Lead Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Credit Facility Agreement (Lafarge)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority LendersBanks, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Wolseley PLC)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors under the Finance Documentsthis Agreement, the Agent shall apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents this Agreement in the following order:order:- (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documentsthis Agreement; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documentsthis Agreement. (b) The Agent shall, if so directed by all the Majority LendersBanks, vary the order set out in sub-paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will shall override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Facility (Cobe Laboratories Inc)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) firstFIRST, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondlySECONDLY, in or towards payment pro rata of any accrued interest, fee interest or commission due but unpaid under this Agreement; (iii) thirdlyTHIRDLY, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthlyFOURTHLY, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Facility Agreement (Sanofi Synthelabo Sa)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) firstfirstly, in or towards payment pro rata of any unpaid fees, costs and expenses of the Facility Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Loan Agreement (Intercontinental Hotels Group PLC /New/)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Company under the Finance Documents, the Facility Agent shall must apply that payment towards the obligations of that Obligor the Company under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Administrative Parties under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, interest or fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal amount due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents.. 15335-01152 PG:2140636.16 33 Table of Contents (b) The Facility Agent shallmust, if so directed by the Majority Lenders, vary the order set out in sub-paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above This Subclause will override any appropriation made by an Obligorthe Company.

Appears in 1 contract

Sources: Credit Agreement (Chartered Semiconductor Manufacturing LTD)

Partial payments. (a) If the Administrative Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Administrative Agent shall apply that payment towards the obligations Obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Administrative Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Administrative Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Term Facility Agreement (Cadence Design Systems Inc)

Partial payments. (ai) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (iA) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Security Agent under the Finance Documents; (iiB) secondly, in or towards payment of any demand made by the Fronting Bank in respect of a payment made or to be made by it under a Letter of Credit; (C) thirdly, in or towards payment pro rata of any accrued interest, fee commission or commission Fronting Bank Fee due but unpaid under this Agreement; (iiiD) thirdlyfourthly, in or towards payment pro rata of any principal Outstandings due but unpaid under this Agreement; and (ivE) fourthlyfifthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (bii) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iii)(B) to (ivE) above. (ciii) Paragraphs (ai) and (bii) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Third Amendment Agreement (Kronos International Inc)

Partial payments. (a) 31.6.1 If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (ia) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agent, the Security Trustee (including of any Receiver or Delegate) and the Arranger under the Finance Documents; (iib) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iiic) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (ivd) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) 31.6.2 The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iia) to (ivd) of sub-clause 31.6.1 above. (c) Paragraphs (a) 31.6.3 Sub-clauses 31.6.1 and (b) 31.6.2 above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Validus Holdings LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee (other than as provided in (i) above) or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an ObligorBorrower.

Appears in 1 contract

Sources: Facility Agreement (Shanda Games LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor a Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligora Borrower.

Appears in 1 contract

Sources: Revolving Facility Agreement (Alpha Beta Netherlands Holding N.V.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and; (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents; and (v) fifthly, in or towards any periodic payments and any other amounts due but unpaid under any Hedging Agreement. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iia) (ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Term Loan Facility Agreement (DHT Holdings, Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid unpaid, together with any Breakage Costs (if applicable), under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid unpaid, less any Breakage Gains (if applicable), under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by all the Majority LendersBanks, vary the order set out in paragraphs subparagraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 1 contract

Sources: Revolving Credit Facility (Anglogold Ashanti LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall shall, subject to the terms of the Intercreditor Agreement, apply that such payment towards the obligations of that such Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Security Agent under the Finance Documents; (ii) secondlysecond, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdlythird, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthlyfourth, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Term Facility Agreement (CGG Veritas)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent Agent, the Security Trustee or the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement;; and (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary Lenders reverse the order set out in paragraphs (a)(ii) to and (iviii) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 1 contract

Sources: Facility Agreement (Las Vegas Sands Corp)

Partial payments. (a) If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors to the Finance Parties under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents in the following order: (i) firstFIRST, in or towards payment pro rata of any unpaid fees, costs and expenses of the each Agent under the Finance Documents; (ii) secondlySECONDLY, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iii) thirdlyTHIRDLY, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthlyFOURTHLY, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Facility Agent shall, if so directed by all the Majority Lenders, vary the order set out in sub-paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Facility Agreement (Vivendi Universal)

Partial payments. (a) 30.9.1 If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order: (ia) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Security Agent under the Finance Documents; (iib) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iiic) thirdly, in or towards payment pro rata of any principal amount due but unpaid under this Agreement; and (ivd) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) 30.9.2 The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(iia) to (ivd) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Enstar Group LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor a Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of amount owing to the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iva)(iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligora Borrower.

Appears in 1 contract

Sources: Facilities Agreement

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Initial Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Facility Agreement (Rio Tinto PLC)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors under the Finance Documentsthis Agreement, the Agent shall apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents this Agreement in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documentsthis Agreement; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission interest due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documentsthis Agreement. (b) The Agent shall, if so directed by all the Majority LendersBanks, vary the order set out in sub-paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will shall override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Revolving Credit Facility (Incentive Ab)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Arrangers under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in sub-paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligorthe Borrower.

Appears in 1 contract

Sources: Facility Agreement (Bunge LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Security Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due to the Finance Parties but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Second Lien Facility Agreement (Globalstar, Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent or the Mandated Lead Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs subparagraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Revolving Facility Agreement (Ferguson PLC)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent, the Security Agent and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

Appears in 1 contract

Sources: Facility Agreement (Central European Media Enterprises LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent and the Arranger under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.. 93954-4-1-v3.0 -88- 70-40529536

Appears in 1 contract

Sources: Facility Agreement (Midamerican Energy Holdings Co /New/)