Application of Payments or Proceeds. During the continuance of an Event of Default, the Administrative Agent may and will upon the direction of the Required Lenders apply any and all payments received by the Administrative Agent in respect of any Obligation in accordance with Section 8.2. All payments made by a Credit Party to the Administrative Agent after any or all of the Obligations have been accelerated (so long as such acceleration has not been rescinded), including proceeds of Collateral, will be applied in accordance with Section 8.2.
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Samples: Credit and Guaranty Agreement (Bioventus Inc.), Credit and Guaranty Agreement (Cohu Inc), Credit and Guaranty Agreement (Bioventus Inc.)
Application of Payments or Proceeds. During the continuance of an Event of Default, the Administrative Agent may may, and will upon the direction of the Required Lenders Lenders, apply any and all payments received by the Administrative Agent in respect of any Obligation in accordance with Section 8.28.3. All payments made by a Credit Party to the Administrative Agent after any or all of the Obligations have been accelerated (so long as such acceleration has not been rescinded), including proceeds of Collateral, will be applied in accordance with Section 8.28.3.
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Application of Payments or Proceeds. During the continuance of an Event of Default, the Administrative Agent may and will upon the direction of the Required Lenders apply any and all payments received by the Administrative Agent in respect of any Obligation in accordance with Section 8.28.3. All payments made by a Credit Party to the Administrative Agent after any or all of the Obligations have been accelerated (so long as such acceleration has not been rescinded), including proceeds of Collateral, will be applied in accordance with Section 8.28.3.
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