Common use of ACKNOWLEDGMENT OF APPLICATION Clause in Contracts

ACKNOWLEDGMENT OF APPLICATION. The Borrower hereby agrees that all amounts received by the Agent in the BKB Concentration Account will be the sole and exclusive property of the Agent, for the accounts of the Banks and the Agent, to be applied in accordance with Section 2.11 or Section 2.12 as applicable.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Western Digital Corp)

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ACKNOWLEDGMENT OF APPLICATION. The Borrower hereby agrees ----------------------------- that all amounts received by the Agent in the BKB Concentration Account will be the sole and exclusive property of the Agent, for the accounts of the Banks and the Agent, to be applied in accordance with Section 2.11 ss.2.10 or Section 2.12 ss.2.11 as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

ACKNOWLEDGMENT OF APPLICATION. The Borrower hereby agrees that all amounts received by the Agent in the BKB Concentration Account will be the sole and exclusive property of the Agent, for the accounts of the Banks and the Agent, to be applied in accordance with Section 2.10 or Section 2.11 or Section 2.12 as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

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ACKNOWLEDGMENT OF APPLICATION. The Borrower hereby agrees that all amounts received by the Agent in the BKB Concentration Collection Account will be the sole and exclusive property of the Agent, for the accounts of the Banks and the Agent, to be applied in accordance with Section 2.11 ss.2.10 or Section 2.12 ss.2.11 as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Outsource International Inc)

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