Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed Letter of Credit Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of 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, and (ii) second, towards payment of principal and unreimbursed Letter of Credit Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed Letter of Credit Disbursements then due to such parties.
Appears in 12 contracts
Samples: Credit Agreement (Evolve Transition Infrastructure LP), Credit Agreement (Sanchez Midstream Partners LP), Credit Agreement (Sanchez Production Partners LP)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed Letter of Credit Disbursements, interest interest, fees and fees other amounts then due hereunderhereunder or under the other Financing Documents, such funds shall be applied (i) first, towards payment of interest to pay interest, fees and fees other amounts then due hereunderhereunder or under the other Financing Documents, ratably among the parties entitled thereto in accordance with the amounts of interest interest, fees and fees other amounts then due to such parties, parties and (ii) second, towards payment of to pay principal and unreimbursed Letter of Credit Disbursements then due hereunderhereunder or under the other Financing Documents, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed Letter of Credit Disbursements then due to such parties.
Appears in 2 contracts
Samples: Credit Agreement (Avangrid, Inc.), Credit Agreement (Avangrid, Inc.)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed Letter of Credit DisbursementsUnreimbursed Amounts, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of 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, and (ii) second, towards payment of to pay principal and unreimbursed Letter of Credit Disbursements Unreimbursed Amounts then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed Letter of Credit Disbursements Unreimbursed Amounts then due to such parties.. Credit Agreement
Appears in 1 contract
Samples: Credit Agreement (American International Group Inc)
Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed Letter of Credit Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of 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, and (ii) second, towards payment of principal and unreimbursed Letter of Credit Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed Letter of Credit Disbursements then due to such parties.. β
Appears in 1 contract
Samples: Credit Agreement (Evolve Transition Infrastructure LP)
