Post Default Allocation of Payments. Notwithstanding anything herein to the contrary, during an Event of Default, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or otherwise, shall be allocated as follows:
Appears in 3 contracts
Samples: Loan and Security Agreement (Bon Ton Stores Inc), Loan and Security Agreement (Bon Ton Stores Inc), Credit and Security Agreement (PSS World Medical Inc)
Post Default Allocation of Payments. Notwithstanding anything herein to the contrary, during an Event of Default, monies to be applied to the Obligations, whether arising from payments by ObligorsBorrower, realization on CollateralGuarantor or any other Person, setoff setoff, or otherwise, shall be allocated as follows:
Appears in 2 contracts
Samples: Credit Agreement (Shoe Carnival Inc), Credit Agreement (Shoe Carnival Inc)
Post Default Allocation of Payments. 5.6.1. Allocation . Notwithstanding anything herein to the contrary, during an Event of Default, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or otherwise, shall be allocated as follows:
Appears in 1 contract
Post Default Allocation of Payments. Notwithstanding anything herein to the contrary, during an Event of Default, monies to be applied to the Obligations, whether arising from payments by Obligorsor on behalf of any Obligor, realization on Collateral, setoff or otherwise, shall be allocated as follows:
Appears in 1 contract
Samples: Loan and Security Agreement (Radiant Logistics, Inc)
Post Default Allocation of Payments. Notwithstanding anything herein to the contrary, after the occurrence and during the continuance of an Event of Default, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or otherwise, shall be allocated as follows:
Appears in 1 contract
Post Default Allocation of Payments. Notwithstanding anything herein or in any other Loan Document to the contrary, during an Event of Default, if so directed by the Required Lenders or at Administrative Agent's discretion, monies to be applied to the Obligations, whether arising from payments by ObligorsLoan Parties, realization on Collateral, setoff setoff, or otherwise, shall be allocated as follows:
Appears in 1 contract
Samples: Credit Agreement (Freds Inc)
