Common use of Payment of Liabilities Clause in Contracts

Payment of Liabilities. (a) On each Business Day, the Agent shall apply the then collected balance of the Concentration Account (net of fees charged, and of such impressed balances as may be required by the bank at which the Concentration Account is maintained) on the day following the receipt of such funds: First, towards the SwingLine Loans and Second, towards the unpaid balance of the Loan Account and all other Liabilities.

Payment of Liabilities. (a) On each Business Day, the Administrative Agent shall apply the then collected balance balance, if any, of the Concentration Account (net of fees charged, and of such impressed minimum balances as may be required by the bank at which the Concentration Account is maintained) on the day following the receipt of such funds: Firstfirst, towards the unpaid balance of SwingLine Loans and SecondLoans, second, towards the unpaid balance of the Loan Account and third towards all other Liabilities.

Payment of Liabilities. (a) On each Business Day, the Agent shall apply the then collected balance of the Concentration Account (net of fees charged, and of such impressed balances as may be required by the bank at which the Concentration Account is maintained, not to exceed $1,500.00) on the day following the receipt of such funds: First, towards the SwingLine Loans and Second, towards the unpaid balance of the Loan Account and all other Liabilities, provided, however, for purposes of the calculation of interest on the unpaid principal balance of the Loan Account, such payment shall be deemed to have been made One (1) Business Day after such transfer.

Payment of Liabilities. (a) On each Business Day, the Agent shall apply the then collected balance of the Concentration Account (net of fees charged, and of such impressed balances as may be required by the bank at which the Concentration Account is maintained) on the day following the receipt of such funds: First, towards the SwingLine Loans and Second, towards the unpaid balance of the Loan Account and all other Liabilities.

Payment of Liabilities. (a) On each Business Day, the Agent shall apply the then collected balance of the Concentration Account (net of fees charged, and of such impressed balances as may be required by the bank at which the Concentration Account is maintained) on the day following the receipt of such funds: Firstfirst, towards the SwingLine Loans and Secondsecond, towards the unpaid balance of the Loan Account and all other Liabilities; provided, however, for purposes of the calculation of interest on the unpaid principal balance of the Loan Account, such payment shall be deemed to have been made one (1) Business Day after such transfer.

Payment of Liabilities. (a) On each Business Day, the Agent shall apply the then collected balance of the Concentration Account (net of fees charged, and of such impressed minimum balances as may be required by the bank at which the Concentration Account is maintained) on the day following the receipt of such funds: Firstfirst, towards the unpaid balance of SwingLine Loans and SecondLoans, second, towards the unpaid balance of the Loan Account and third towards all other Liabilities, provided, however, for purposes of the calculation of interest on the unpaid principal balance of the Loan Account, such payment shall be deemed to have been made one (1) Business Day after such transfer.

Payment of Liabilities. (a) On each Business Day, the Agent shall apply apply, towards the unpaid balance of the Loan Account, the then collected balance of the Concentration Account (net of fees charged, and of such impressed balances as may be required by the bank at which the Concentration Account is maintained) on the day following the receipt of such funds: First, towards the SwingLine Loans and Second, towards the unpaid balance of the Loan Account and all other Liabilities).

Payment of Liabilities. (a) On each Business Day, the Agent shall apply apply, towards the Liabilities, the then collected balance of the Concentration Account (net of fees charged, and of such impressed balances as may be required by the bank at which the Concentration Account is maintained) ), provided, however, for purposes of the calculation of interest on the day following the receipt of such funds: First, towards the SwingLine Loans and Second, towards the unpaid principal balance of the Loan Account and all other LiabilitiesAccount, such payment shall be deemed to have been made one (1) Business Day after such transfer.