Common use of Allocations Generally Clause in Contracts

Allocations Generally. Absent an Event of Default, monies to be applied to Obligations from payments by Obligors, shall be allocated as follows: (a) if a specific payment of principal, interest, fees or other sum payable under the Loan Documents, according to the instruction of Borrower Agent; (b) if a mandatory prepayment, according to Section 5.3.1; and (c) if any other amount, applied to the Obligations at the discretion of Agent.

Allocations Generally. Absent an Event of Default, monies to be applied to Obligations from payments by Obligors, Obligors shall be allocated as follows: (a) if a specific payment of principal, interest, fees or other sum payable under the Loan Documents, according to the instruction of Borrower Agent; (b) if a mandatory prepayment, according to Section 5.3.1; and (c) if any other amount, applied to the Obligations at the discretion of Agent.

Allocations Generally. Absent an Event of Default, monies to be applied to Obligations from payments by Obligors, Obligors shall be allocated as follows: (a) if a specific payment of principal, interest, fees or other sum payable under the Loan Documents, according to the instruction of Borrower Agentthe Borrower; (b) if a mandatory prepayment, according to Section 5.3.1; and (c) if any other amount, applied to the Obligations at the discretion of Administrative Agent.