Application of Insufficient Payments. If at any time insufficient funds are received by the Lender to pay fully all amounts of principal, interest, fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest then due and payable hereunder, (ii) then, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 7 contracts
Samples: Revolving Credit Agreement (SecureWorks Corp), Revolving Credit Agreement (SecureWorks Corp), Revolving Credit Agreement (SecureWorks Corp)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interest, fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest interest, fees and other amounts then due and payable hereunder, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 7 contracts
Samples: Loan and Guarantee Agreement, Loan and Guarantee Agreement, Loan and Guarantee Agreement
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender Bank to pay fully all amounts of principal, interest, fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay towards payment of interest and fees then due and payable hereunder, and (ii) thensecond, to pay towards payment of principal then due and payable hereunder, and (iii) thenthird, to pay towards payment of any other amounts then due and payable under this Agreementhereunder.
Appears in 6 contracts
Samples: Term Loan Agreement, Revolving Credit Agreement, Term Loan Agreement (Zimmer Biomet Holdings, Inc.)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interest, interest and fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest and fees then due and payable hereunder, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 5 contracts
Samples: Term Loan Credit Agreement (Alcentra Capital Corp), Term Loan Credit Agreement (MONROE CAPITAL Corp), Credit Agreement (Ampex Corp /De/)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interest, fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest then due and payable hereunder, (ii) then, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreementin such order of application as the Lender in its sole discretion determines.
Appears in 4 contracts
Samples: Credit Agreement (Local Bounti Corporation/De), Credit Agreement (Local Bounti Corporation/De), Credit Agreement (Local Bounti Corporation/De)
Application of Insufficient Payments. If Unless otherwise provided herein, if at any time insufficient funds are received by and available to the Lender Lenders to pay fully all amounts of principal, interest, interest and fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest and fees then due and payable hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 4 contracts
Samples: Seller Credit Agreement (Petersen Energia Inversora, S.A.), Seller Credit Agreement (Repsol Ypf Sa), Seller Credit Agreement (Repsol Ypf Sa)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interest, interest and fees and other amounts then due hereunder and payable hereunderunder the other Loan Documents, such funds shall be applied (i) first, to pay interest and fees then due and payable hereunder, (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreementdue.
Appears in 3 contracts
Samples: Customer Credit Agreement (Sirius Satellite Radio Inc), Credit Agreement (Loral Space & Communications Inc.), Security Agreement (Sirius Satellite Radio Inc)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interest, interest and fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay towards payment of interest and fees then due and payable hereunder, (ii) then, to pay principal then due and payable hereunder, and (iiiii) thensecond, to pay other amounts towards payment of principal then due and payable under this Agreementhereunder.
Appears in 3 contracts
Samples: Credit Agreement (Energy Resources 12, L.P.), Working Capital Facility (Reliant Energy Inc), Assignment and Assumption (Reliant Energy Inc)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interestunreimbursed LC Disbursements, interest and fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest and fees then due and payable hereunder, and (ii) thensecond, to pay principal and unreimbursed LC Disbursements then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Xl Capital LTD), Day Credit Agreement (Xl Capital LTD)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, principal and interest, fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest then due and payable hereunder, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 2 contracts
Samples: Distribution and Credit Agreement (Xm Satellite Radio Inc), Credit Agreement (Xm Satellite Radio Inc)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender Lenders to pay fully all amounts of principal, interest, fees principal and other amounts interest then due and payable hereunder, such funds shall be applied (i) first, to pay interest then due and payable hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest then due to such parties, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other ratably among the parties entitled thereto in accordance with the amounts of principal then due and payable under this Agreementto such parties.
Appears in 1 contract
Samples: Guarantee Assumption Agreement (Princeton Review Inc)
Application of Insufficient Payments. If at any time insufficient funds are received by the Lender to pay fully all amounts of principal, interest, fees and other amounts Obligations then due and payable hereunder, such funds shall be applied (i) first, to pay interest then due and payable hereunder, (ii) then, to pay fees then due and payable hereunder, (iii) then, to pay principal then due and payable hereunder, and (iiiiv) then, to pay other amounts then due and payable under this Agreementthe Loan Documents.
Appears in 1 contract
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interest, fees interest and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest and such other amounts then due and payable hereunder, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 1 contract
Application of Insufficient Payments. If at any time insufficient funds are received by the Lender does not receive sufficient funds to pay fully all amounts of principal, interest, interest and fees and other amounts then due and payable hereunderunder the Financing Documents, such funds shall be applied such funds shall be applied (i) first, to pay interest and fees then due under this Agreement, and payable hereunder, (ii) thensecond, to pay principal and unreimbursed LC Disbursements then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Valpey Fisher Corp)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender Bank to pay fully all amounts of principal, interestunreimbursed LC Disbursements, interest and fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest and fees then due and payable hereunder, (ii) thensecond, to pay principal and unreimbursed LC Disbursements then due and payable hereunder, and (iii) thenthird, to pay any other amounts then due and payable under this Agreementhereunder.
Appears in 1 contract
Samples: Credit Agreement (Brinks Co)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principalamountsofprincipal, interest, fees and other amounts then due and payable hereunderfeesandotheramountsthenduehereunder, such funds shall be applied (isuchfundsshallbeapplied(i) first, to pay interest topayinterest, feesandotheramounts then due and payable hereunder, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 1 contract
Samples: Loan and Guarantee Agreement
Application of Insufficient Payments. If at any time insufficient funds are received by the Lender to pay fully all amounts of principal, interest, fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest then due and payable hereunder, (ii) then, to pay fees then due and payable hereunder, (iii) then, to pay principal then due and payable hereunder, and (iiiiv) then, to pay other amounts then due and payable under this Agreementthe Loan Documents.
Appears in 1 contract
Samples: Pledge Agreement
Application of Insufficient Payments. If at any time insufficient funds are received by the Lender and available to a Noteholder to pay fully all amounts of principal, interest, fees principal and other amounts interest then due and payable hereunder, such funds shall be applied (i) first, to pay interest then due hereunder and payable hereunder, (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 1 contract
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interest, fees and other amounts then due and payable hereunder, such funds shall be applied in such order of application as the Lender in its sole discretion determines. (i) first, to pay interest then due and payable hereunder, (ii) then, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.c)
Appears in 1 contract
Samples: Bitterroot Lease Agreement (Local Bounti Corporation/De)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender Loan Administrator to pay fully all amounts of principal, interest, interest and fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay towards payment of interest and fees then due and payable hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) thensecond, to pay towards payment of principal then due and payable hereunder, and (iii) then, to pay other ratably among the parties entitled thereto in accordance with the amounts of principal then due and payable under this Agreementto such parties.
Appears in 1 contract
Application of Insufficient Payments. If at any time insufficient funds are received by the Lender to pay fully all amounts of principal, interest, fees and other amounts then due and dueand payable hereunder, such funds shall be applied (i) first, to pay interest then due and payable hereunder, (ii) then, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 1 contract
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender for payment on the Indebtedness are insufficient to pay fully all amounts of principal, interest, interest and fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay towards payment of interest and fees then due hereunder and payable hereunder, (ii) thensecond, to pay towards payment of principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 1 contract
Samples: Security and Guaranty Agreement (Seahawk Drilling, Inc.)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender to pay fully all amounts of principal, principal and interest, fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay Default Interest and then other interest then due and payable hereunder, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Canadian Satellite Radio Holdings Inc.)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Lender Lenders to pay fully all amounts of principal, interest, interest and fees and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest and fees then due and payable hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other ratably among the parties entitled thereto in accordance with the amounts of principal then due and payable under this Agreementto such parties.
Appears in 1 contract
Samples: Guarantee Assumption Agreement (Student Advantage Inc)
Application of Insufficient Payments. If at any time ------------------------------------ insufficient funds are received by and available to the Lender to pay fully all amounts of principal, interest, fees interest and other amounts then due and payable hereunder, such funds shall be applied (i) first, to pay interest and such other amounts then due and payable hereunder, and (ii) thensecond, to pay principal then due and payable hereunder, and (iii) then, to pay other amounts then due and payable under this Agreement.
Appears in 1 contract
Samples: Term Loan Agreement (Micrografx Inc)
