Common use of Application of Insufficient Payments Clause in Contracts

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be applied

Appears in 19 contracts

Samples: Loan and Guarantee Agreement, Restatement Agreement, Loan and Guarantee Agreement

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Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be appliedapplied‌

Appears in 13 contracts

Samples: Loan and Guarantee Agreement, Loan and Guarantee Agreement, Loan and Guarantee Agreement

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay interest, fees and other amounts then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest, fees and other amounts then due to such parties, and (ii) second, to pay principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties.

Appears in 8 contracts

Samples: Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.)

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay interest, fees and other amounts then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest, fees and other amounts then due to such parties, and (ii) second, to pay principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties.

Appears in 8 contracts

Samples: Restatement Agreement (Jetblue Airways Corp), Restatement Agreement (United Airlines, Inc.), Loan and Guarantee Agreement (Frontier Group Holdings, Inc.)

Application of Insufficient Payments. Subject to Section 7.02‎7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay interest, fees and other amounts then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest, fees and other amounts then due to such parties, and (ii) second, to pay principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties.

Appears in 7 contracts

Samples: Loan and Guarantee Agreement (Jetblue Airways Corp), Restatement Agreement (Skywest Inc), Loan and Guarantee Agreement (Skywest Inc)

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent Lender to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay interest, fees and other amounts then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest, fees and other amounts then due to such parties, and (ii) second, to pay principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties.

Appears in 4 contracts

Samples: Credit Agreement (Star Holdings), Credit Agreement (Safehold Inc.), Credit Agreement (Istar Inc.)

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent Lender to pay fully all amounts of principal, interest, fees interest and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay interest and other amounts then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and other amounts then due to such parties, and (ii) second, to pay principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties.

Appears in 3 contracts

Samples: Credit Agreement (Offerpad Solutions Inc.), Credit Agreement (Offerpad Solutions Inc.), Credit Agreement (Supernova Partners Acquisition Company, Inc.)

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent Lender to pay fully all amounts of any applicable principal, interest, interest and fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay interest and fees then due hereunder and (ii) second, to pay principal amounts outstanding on the Loans that are then due hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Blue Capital Reinsurance Holdings Ltd.), Credit Agreement (Montpelier Re Holdings LTD), Credit Agreement (Montpelier Re Holdings LTD)

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent to pay fully all amounts of principal, interest, interest and fees and other amounts then due hereunder, such funds shall be appliedapplied to pay interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties.

Appears in 2 contracts

Samples: Credit Agreement (GAIN Capital Holdings, Inc.), Guarantee and Collateral Agreement (Exar Corp)

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Application of Insufficient Payments. Subject to Section 7.027.03, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent Lender to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to the Administrative Agent, for its fees, costs and expenses and any other amounts then due to the Administrative Agent hereunder or under the Administrative Agent Fee Letter, (ii) second, to pay interest, fees and other amounts then due hereunder to the Lender, and (ii) third, to pay principal then due hereunder.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Sable Offshore Corp.)

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent Lender to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay interest, fees and other amounts then due hereunder, and (ii) second, to pay principal then due hereunder.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Varex Imaging Corp)

Application of Insufficient Payments. Subject to Section 7.027.2, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent Issuer with respect to an Applicant to pay fully all amounts of such Borrower's principal, interestUnpaid Reimbursement Obligation, interest and fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay such Xxxxxxxx's interest and fees then due hereunder and (ii) second, to pay such Xxxxxxxx's Unpaid Reimbursement Obligations then due hereunder.

Appears in 1 contract

Samples: Security Agreement (Everest Re Group LTD)

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be appliedapplied |

Appears in 1 contract

Samples: Restatement Agreement (American Airlines, Inc.)

Application of Insufficient Payments. Subject to Section 7.02, if at any time insufficient funds are received by and available to the Lenders or the Administrative Agent Issuer to pay fully all amounts of principalany Unpaid Reimbursement Obligation, interest, interest and fees and other amounts then due hereunder, such funds shall be appliedapplied (i) first, to pay interest and fees then due hereunder and (ii) second, to pay Unpaid Reimbursement Obligations then due hereunder.

Appears in 1 contract

Samples: Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)

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