Application of Certain Payments. Each payment of principal of the Loans shall be applied to such Loans as Borrower shall direct or, in the absence of such notice or during the existence of a Significant Event or after the Commitment Termination Date, as Administrator shall determine in its discretion.
Appears in 11 contracts
Samples: Loan Agreement (G&k Services Inc), Loan Agreement (G&k Services Inc), Loan Agreement (Baldor Electric Co)
Application of Certain Payments. Each payment of principal of ------------------------------- the Loans shall be applied to such Loans as Borrower shall direct or, in the absence of such notice or during the existence of a Significant Event or after the Commitment Termination Date, as Administrator shall determine in its discretion.
Appears in 1 contract
Samples: Loan Agreement (Dixie Group Inc)
Application of Certain Payments. Each payment of principal of the Loans shall be applied to such Loans as the Borrower shall direct or, in the absence of such notice or during the existence of a Significant Termination Event or after the Commitment Termination Date, as Administrator the Administrative Agent shall determine in its discretion.
Appears in 1 contract
Application of Certain Payments. Each payment of principal of the Loans shall be applied to such Loans as Borrower shall direct or, in the absence of such notice or during the existence of a Significant Termination Event or after the Commitment Termination Date, as Administrator shall determine in its discretion.
Appears in 1 contract
