Prepayments; Application of Payments. Borrower shall have the right to make payments at any time in reduction of the Obligations, in whole or in part; provided, however, that Lender may apply any payments received to the Obligations, or portion thereof, in any manner and in any order as Lender may determine in its sole discretion, notwithstanding contrary instructions received.
Appears in 3 contracts
Samples: Loan and Security Agreement (Amincor, Inc.), Loan and Security Agreement (Tri-S Security Corp), Loan and Security Agreement (Amincor, Inc.)
Prepayments; Application of Payments. Borrower shall have the right to make payments at any time in reduction of the ObligationsAdvances, in whole or in part; provided, however, that Lender may apply any payments received to the Obligations, or portion thereof, Advances in any manner and in any order as Lender may determine in its sole discretion, notwithstanding any contrary instructions receivedinstructions.
Appears in 2 contracts
Samples: Loan and Security Agreement (Deja Foods Inc), Loan and Security Agreement (Deja Foods Inc)
Prepayments; Application of Payments. Borrower shall have the right to make payments at any time in reduction of the Obligations, in whole or in part; , provided, however, that Lender may apply any payments received to the Obligations, or portion thereof, Obligations in any manner and in any order as Lender may determine in its sole discretion, notwithstanding contrary instructions receivedinstructions.
Appears in 1 contract
Prepayments; Application of Payments. Borrower shall have the right to make payments at any time in reduction of the Obligations, in whole or in part; , provided, however, that Lender may apply any payments received to the Obligations, or portion thereof, in any manner and in any order as Lender may determine in its sole discretion, notwithstanding contrary instructions received.
Appears in 1 contract
