Common use of Partial payments Clause in Contracts

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors under the Finance Documents in the following order:

Appears in 28 contracts

Samples: Agreement (Bausch & Lomb Inc), Agreement (Telesystem International Wireless Inc), Agreement (Tele2 Ab)

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Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors Company under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors Company under the Finance Documents in the following order:

Appears in 12 contracts

Samples: Agreement (United States Steel Corp), Agreement (PPL Corp), Western Power Distribution (PPL Corp)

Partial payments. (a) 9.8.1 If any an Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors an Obligor under the Finance Documentsthis Agreement, the such Administrative Party must shall apply that payment towards the obligations of the Obligors under the Finance Documents this Agreement in the following order:

Appears in 3 contracts

Samples: Facility Agreement (British American Tobacco p.l.c.), Facilities Agreement (British American Tobacco p.l.c.), Facility Agreement (British American Tobacco p.l.c.)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Senior Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors under the Senior Finance Documents in the following order:

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Smurfit Kappa Funding PLC), Agreement (Smurfit Kappa Acquisitions), Agreement (JSG Funding PLC)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Bridge Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors under the Bridge Finance Documents in the following order:

Appears in 3 contracts

Samples: Agreement (Babylon Holdings LTD), Agreement (Babylon Holdings LTD), Babylon Holdings LTD

Partial payments. (a) 17.8.1 If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors Company under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors Company under the Finance Documents in the following order:

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Agreement (PPL Energy Supply LLC)

Partial payments. (a) If Subject to the terms of the Intercreditor Agreement, if any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Finance Documents, then, except to the extent otherwise provided in any Finance Document, the Administrative Party must apply that payment towards the obligations of the Obligors under the Finance Documents in the following order:

Appears in 2 contracts

Samples: Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (Global Ship Lease, Inc.)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Finance Documents, then, except to the extent otherwise provided in any Finance Document all the proceeds of the enforcement of the security conferred by the Security Agreements, shall be applied by the Administrative Party must apply that payment towards the obligations of the Obligors under the Finance Documents in the following orderas follows:

Appears in 1 contract

Samples: Agreement (Quintana Maritime LTD)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Finance Documents, the that Administrative Party must apply that payment towards the obligations of the Obligors under the Finance Documents in the following order:

Appears in 1 contract

Samples: Subordination Agreement (Kellwood Co)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors Borrower under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors Borrower under the Finance Documents in the following order:

Appears in 1 contract

Samples: Agreement (PPL Corp)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors Borrowers under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors Borrowers under the Finance Documents in the following order:

Appears in 1 contract

Samples: Agreement (Vivendi Universal)

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Partial payments. (a) 17.7.1 If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors under the Finance Documents in the following order:

Appears in 1 contract

Samples: Facilities Agreement (Royal Ahold)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Finance Documents, the Administrative Party must shall apply that payment towards the obligations of the Obligors under the Finance Documents in the following order:

Appears in 1 contract

Samples: Credit Agreement (Adecco Sa)

Partial payments. (a) If Subject to Subclause 7.3 (Partial payments) in respect of the Swingline Facility, if any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors under the Finance Documents in the following order:

Appears in 1 contract

Samples: Agreement (Royal Ahold)

Partial payments. (a) 15.7.1 If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors Company under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors Company under the Finance Documents in the following order:

Appears in 1 contract

Samples: PPL Energy Supply LLC

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors an Obligor under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Agreement (Rhodia)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors Borrower under the Finance Documents, the Administrative Party must shall apply that payment towards the obligations of the Obligors Borrower under the Finance Documents in the following order:

Appears in 1 contract

Samples: Intercreditor Agreement (Metro International Sa)

Partial payments. (a) If any Administrative Party receives a payment insufficient to discharge all the amounts then due and payable by the Obligors Company or the Parent under the Finance Documents, the Administrative Party must apply that payment towards the obligations of the Obligors Company or the Parent under the Finance Documents in the following order:

Appears in 1 contract

Samples: Facility Agreement (EnerSys)

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