Common use of Allocation of Proceeds Clause in Contracts

Allocation of Proceeds. If a Default or an Event of Default exists, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority: (a) amounts due to the Administrative Agent and the Lenders in respect of expenses due under Section 12.2. until paid in full, and then Fees; (b) payments of interest on the Loans to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretion; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.6. and 12.10.; (e) payments of all other amounts due under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default exists, all payments received by the Administrative Agent under any of the Loan DocumentsDocuments (or any Lender as a result of exercise of remedies pursuant to Section 12.4.), in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority: (a) amounts due to the Administrative Agent and the Lenders in respect of expenses due under Section 12.2. until paid in full, and then Fees; (b) payments of interest on the Loans to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.6. and 12.10.; (e) payments of all other Obligations and other amounts due under any of the Loan Documents, if any, Documents to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default existsexists and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority: (a) amounts due to the Administrative Agent and the Lenders in respect of Fees and expenses due under Section 12.2. until paid in full, and then Fees13.2; (b) payments of interest on the Loans Loans, to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans Loans, to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.6. 12.7 and 12.10.13.10; (e) payments of all other amounts due under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default existshas occurred and not been waived, and the maturity of the Notes has been accelerated pursuant to this Article IX, all payments received by the Administrative Agent under any of the Loan Documentshereunder, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunderhereunder, shall be applied by the Agent in the following order and priorityorder: (a) amounts due to the Administrative Agent Lenders pursuant to Sections 2.6 and the Lenders in respect of expenses due under Section 12.2. until paid in full, and then Fees11.4; (b) amounts due to the Agent pursuant to Section 10.10 and to the Arranger pursuant to Section 2.1.3; (c) payments of interest on the Loans Notes to be applied for the ratable benefit of the Lenders; (cd) payments of principal of the Loans Notes to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretion; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.6. and 12.10.Lenders; (e) payments of all other amounts due under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount surplus remaining after application as provided abovefor herein, shall be paid to the Borrower or whomever else otherwise as may be legally entitled theretorequired by applicable law.

Allocation of Proceeds. If a Default or an Event of Default existsshall have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority: (a) amounts due to the Administrative Agent and the Lenders in respect of Fees and expenses due under Section 12.2. until paid in full, and then Fees13.2.; (b) payments of interest on the Loans Loans, to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans Loans, to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.612.7. and 12.1013.9.; (e) payments of all other amounts due under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default existsshall have occurred and be continuing and the maturity of the Notes has been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied by the Agent in the following order and priority: (a) amounts due to the Administrative Agent and the Lenders in respect of fees and expenses due under Section 12.2. until paid in full, and then Fees10.3.; (b) payments of interest on the Loans all other Loans, to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans all other Loans, to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.69.6. and 12.1010.5.; (e) payments of all other amounts due and owing by the Borrower under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default existsshall exist and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority: (a) amounts due to the Administrative Agent and the Lenders in respect of fees and expenses due under Section 12.2. until paid in full, and then Fees.; (b) payments of interest on the Loans Loans, to be applied for the ratable benefit of the Lenders; (c) payments of principal of on the Loans Loans, to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.611.7. and 12.1012.9.; (e) payments payment of all other Obligations and other amounts due and owing by the Borrower and the other Loan Parties under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default existsshall have occurred and the maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority: (a) amounts due to the Administrative Agent and the Lenders in respect of fees and expenses due under Section 12.2. until paid in full, and then Fees.; (b) payments of interest on the Loans all Loans, to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans all Loans, to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.611.7. and 12.1012.9.; (e) payments of all other amounts due and owing by the Borrower under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default existsshall have occurred and be continuing and maturity of any of the Obligations has been accelerated, all payments received by the Administrative Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower hereunder or thereunder, shall be applied in the following order and priority: (a) amounts due to the Administrative Agent and the Lenders in respect of fees and expenses due under Section 12.2. until paid in full, and then Fees.; (b) payments of interest on the Loans Loans, to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans Loans, to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent and the Lenders pursuant to Sections 11.611.7. and 12.1012.9.; (e) payments of all other amounts due and owing by the Borrower under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default existsshall have occurred and be continuing and the maturity of the Notes has been accelerated, all payments received by the Administrative an Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Borrowers hereunder or thereunder, shall be applied by the Agents in the following order and priority: (a) amounts due to the Administrative Agent Agents and the Lenders in respect of Fees and expenses due under Section 12.2. until paid in full, and then Fees; (b) payments of interest on the Loans Loans, to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans Loans, to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent Agents and the Lenders pursuant to Sections 11.6. and Section 12.10.; (e) payments of all other amounts due under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower or whomever else may be legally entitled thereto.

Allocation of Proceeds. If a Default or an Event of Default existsshall have occurred and be continuing and the maturity of the Notes has been accelerated, all payments received by the Administrative an Agent under any of the Loan Documents, in respect of any principal of or interest on the Obligations or any other amounts payable by the Borrower Company hereunder or thereunder, shall be applied by the Agents in the following order and priority: (a) amounts due to the Administrative Agent Agents and the Lenders in respect of Fees and expenses due under Section 12.2. until paid in full, and then Fees; (b) payments of interest on the Loans Loans, to be applied for the ratable benefit of the Lenders; (c) payments of principal of the Loans Loans, to be applied for the ratable benefit of the Lenders in such order and priority as the Lenders may determine in their sole discretionLenders; (d) amounts due to the Administrative Agent Agents and the Lenders pursuant to Sections 11.6. and Section 12.10.; (e) payments of all other amounts due under any of the Loan Documents, if any, to be applied for the ratable benefit of the Lenders; and (f) any amount remaining after application as provided above, shall be paid to the Borrower Company or whomever else may be legally entitled thereto.