Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing (after giving effect to the application of funds in accordance herewith on the relevant date) and the Revolving Commitment Termination Date has not yet occurred, on each Interest Payment Date, all amounts in the Controlled Accounts (other than the Reserve Account) shall be applied by the Paying Agent based on the Monthly Servicing Report as follows:
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Samples: Credit Agreement (On Deck Capital Inc), Credit Agreement (On Deck Capital Inc)
Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing (after giving effect to the application of funds in accordance herewith on the relevant date) and the Revolving Commitment Termination Date has not yet occurred, on each Interest Payment Date, all amounts in the Controlled Accounts (other than the Reserve Account) Collection Account shall be applied by the Paying Agent based on the Monthly Servicing Report as follows:
Appears in 2 contracts
Samples: Credit Agreement (On Deck Capital, Inc.), Credit Agreement (On Deck Capital Inc)
Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing (after giving effect to the application of funds in accordance herewith on the relevant date) and the Revolving Commitment Termination Date has not yet occurred, on each Interest Payment Date, all amounts in the Controlled Accounts Collection Account and all amounts (other than if any) in the Reserve Account) Account in excess of the Reserve Account Funding Requirement as of such day shall be applied by the Paying Agent based on the Monthly Servicing Report as follows:
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Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing (after giving effect to the application of funds in accordance herewith on the relevant date) and ), the Revolving Commitment Termination Date has not yet occurredoccurred and the Amortization Period is not then occurring, on each Interest Payment Date, all amounts in the Controlled Accounts (other than the Reserve Account) Collection Account shall be applied by the Paying Agent based on the Monthly Servicing Report as follows:
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Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing (after giving effect to the application of funds in accordance herewith on the relevant date) and the Revolving Commitment Variable Termination Date has not yet occurred, on each Interest Payment Date, all amounts in the Controlled Accounts (other than the Reserve Account) shall be applied by the Paying Agent based on the Monthly Servicing Report as follows:
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Samples: Note Issuance and Purchase Agreement (On Deck Capital, Inc.)
Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing (after giving effect to the application of funds in accordance herewith on the relevant date) and the Revolving Commitment Termination Date has not yet occurred, on each Interest Payment Date, all amounts in the Controlled Accounts Collection Account and all amounts EAST\142645020. 545 (other than if any) in the Reserve Account) Account in excess of the Reserve Account Funding Requirement as of such day shall be applied by the Paying Agent based on the Monthly Servicing Report as follows:
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Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing (after giving effect to the application of funds in accordance herewith on the relevant date) and the Revolving Commitment Termination Date has not yet occurred, on each Interest Payment Date, all amounts in the Controlled Accounts (other than the Reserve Account) shall be applied by the Paying Agent based on the Monthly Servicing Report as follows:
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