Allocation of Payment. The Debtor represents and agrees that any payments that it makes to the Creditors hereunder, if any, will be allocated to past-due debts in the following order: /a/ fees; /b/ default interest; /c/ compensation ordered pursuant to a final non-appealable court judgment directly associated with this Agreement; /d/ taxes; /e/ expenses; /f/ court fees ordered pursuant to a final non-appealable court judgment directly associated with this Agreement; /g/ ordinary interest; and /h/ principal.
Allocation of Payment. We use any payments You make to pay off Transactions that appear on Your statement starting with those on which We charge the highest rate of interest, and so on down to the lowest rate of interest. If the payment is not enough to pay off all Transactions at a particular interest rate, We paying off Transactions charged at that interest rate in the following order
Allocation of Payment. A/ MVC declares and accepts that the payments made to the Creditors in accordance with this Agreement will be credited to the amounts owing under the Financing Documents in the following order: /i/ Stamp Tax; /ii/ Commissions; /iii/ indemnifications; /iv/ late payment interest on Tranche A Loans and then late payment interest on Tranche B Loans; /v/ expenses; /vi/ legal costs; /vii/ ordinary interest on Tranche A loans and then ordinary interest on Tranche B Loans; and /viii/ principal on Tranche A Loans and then principal on Tranche B Loans. B/ The payments will be made directly to the Creditors, through the Agent Bank, pro rata to the amount owing to the Creditors.
Allocation of Payment. The Company reserves the right to allocate any payments made by the Customer to
Allocation of Payment. The above $5,050,000.00 payment made at Closing shall be allocated as follows: $ 150,000.00 to the non-compete agreement $ 2,100,000.00 to Land and Improvements $ 800,000.00 to Furniture/Fixtures and Equipment $ 2,000,000.00 to Goodwill and other Capital intangible assets where value is derived from:
Allocation of Payment. Any payment (whether made as an adjustment to the Earnout Payments or otherwise) pursuant to this Section 2.09 shall be allocated to the Purchase Price paid by Buyer and/or SVT as Buyer and SVT shall determine in their sole discretion.
Allocation of Payment. Unless otherwise designated by the applicable ---------- -- ------- Obligor in writing, all payments received from any Obligor on an Existing Receivable will be applied to Existing Receivables and other Receivables owed by such Obligor (including other Receivables outstanding at the Closing) first to the Existing Receivables, and shall be allocated among the Existing Receivables based on aging, with the oldest outstanding Existing Receivable to be paid first. Buyer will not and will cause the REC Subsidiaries not to, without the prior consent of the Special Purpose Purchaser, and the Special Purpose Purchaser will not, without the prior consent of Buyer, direct or request any Obligor on an Existing Receivable to designate any particular payment in any particular manner. In addition, Buyer will not and will cause the REC Subsidiaries not to, without the prior written consent of the Special Purpose Purchaser and CIBC, such consent not to be unreasonably withheld or delayed, inform Obligors on Existing Receivables that the Existing Receivables have been sold by the REC Subsidiaries or that someone other than the REC Subsidiaries or Buyer will be the recipient of any payments made on Existing Receivables. Notwithstanding anything to the contrary herein contained, at such time as an Obligor is no longer an Obligor on an Existing Receivable, Buyer may send notices to such Obligor as Buyer deems appropriate, including notices intended to ensure that payments made on Receivables thereafter are not deposited into a Collection Account.
Allocation of Payment. Any monthly channel fees, any Net AR/AP Amounts and any Assumed Liabilities in respect of an Assigned Contract shall be allocated to the applicable Assigned Contract(s). Any cash payments pursuant to Section 2.03(a)(x) shall be allocated to the applicable Purchased Tangible Personal Property. QTS TRS and Buyer shall treat any indemnity payments made pursuant to Article VIII as adjustments to the amount of payments under Section 2.03 apportioned to the Assigned Contract(s), beginning with the earliest Transfer Effective Time, for income Tax purposes unless applicable Tax Law causes such payment not to be so treated.
Allocation of Payment. The portion of the Purchase Price payable to (a) Seller One shall be equal to the product of the Purchase Price and 94.44% and (b) Seller Two shall be equal to the product of the Purchase Price and 5.56%.
Allocation of Payment. The payment described in Section 2.3 above shall be allocated among the Shareholders as follows:
