Common use of Payments after Default Clause in Contracts

Payments after Default. Subject to the provisions of Section 10.11 regarding the subordination of any Defaulting Lender's interest, after the occurrence of a Default, the Administrative Agent shall apply all payments in respect of any Obligations and all proceeds of Collateral in the following order:

Appears in 3 contracts

Samples: Credit Agreement (Gaylord Entertainment Co /De), Credit Agreement (Gaylord Entertainment Co /De), Credit Agreement (Gaylord Entertainment Co /De)

AutoNDA by SimpleDocs

Payments after Default. Subject to the provisions of Section 10.11 regarding the subordination of any Defaulting LenderXxxxxx's interest, after the occurrence of a Default, the Administrative Agent shall apply all payments in respect of any Obligations and all proceeds of Collateral in the following order:

Appears in 1 contract

Samples: Credit Agreement (Gaylord Entertainment Co /De)

AutoNDA by SimpleDocs

Payments after Default. Subject to the provisions of Section 10.11 10.13 regarding the subordination of any Defaulting Lender's interest, after the occurrence of a Default, the Administrative Agent shall apply all payments in respect of any Obligations and all proceeds of Collateral in the following order:

Appears in 1 contract

Samples: Credit Agreement (Gaylord Entertainment Co /De)

Time is Money Join Law Insider Premium to draft better contracts faster.