Common use of Application of Available Cash Clause in Contracts

Application of Available Cash. In the event that, on any Business Day, including the last Business Day of each calendar month, Available Cash is in excess of $5,000,000, such Available Cash shall be applied as follows: (i) first, to the repayment of any principal amount outstanding under the Revolving Loans in proportion to the Lender's Relative Debt Percentage Interests and (ii) second, as loans to each of the Lenders, in each case in proportion to their Percentage Interests (a "Cingular Advance"). The outstanding principal amount of each Cingular Advance shall bear interest at the Cingular Advance Interest Rate which shall accrue from day to day from the date such Cingular Advance is made including the date on which such Cingular Advance is repaid. Interest shall be calculated on the basis of such actual number of days elapsed over 360 and shall be determined with respect to each calendar month as of the last calendar day of such month. Any payments due to the Lenders pursuant to this Section 2.04 shall be made in Dollars and delivered by wire transfer of immediately available funds to the Lenders' respective Lender Bank Accounts promptly after receipt of such Daily Notification identifying such Available Cash.

Application of Available Cash. In the event that, on any Business Day, including the last Business Day of each calendar month, Available Cash is in excess of $5,000,000, such Available Cash shall be applied as follows: (i) first, to the repayment of any principal amount outstanding under the Revolving Loans in proportion to the Lender's ’s Relative Debt Percentage Interests and (ii) second, as loans to each of the Lenders, in each case in proportion to their Percentage Interests (a "“Cingular Advance"”). The outstanding principal amount of each Cingular Advance shall bear interest at the Cingular Advance Interest Rate which shall accrue from day to day from the date such Cingular Advance is made up to but not including the date on which such Cingular Advance is repaid. Interest shall be calculated on the basis of such actual number of days elapsed over 360 and shall be determined with respect to each calendar month as of at the last calendar day end of such month. Any payments due to the Lenders pursuant to this Section 2.04 shall be made in Dollars and delivered by wire transfer of immediately available funds to the Lenders' ’ respective Lender Bank Accounts promptly after receipt of such Daily Notification identifying such Available Cash.

Application of Available Cash. In the event that, on any Business Day, including the last Business Day of each calendar month, Available Cash is in excess of $5,000,000, such Available Cash shall be applied as follows: (i) first, to the repayment of any principal amount outstanding under the Revolving Loans in proportion to the Lender's Relative Debt Percentage Interests and (ii) second, as loans to each of the Lenders, in each case in proportion to their Percentage Interests (a "Cingular Advance"). The outstanding principal amount of each Cingular Advance shall bear interest at the Cingular Advance Interest Rate which shall accrue from day to day from the date such Cingular Advance is made up to but not including the date on which such Cingular Advance is repaid. Interest shall be calculated on the basis of such actual number of days elapsed over 360 and shall be determined with respect to each calendar month as of at the last calendar day end of such month. Any payments due to the Lenders pursuant to this Section 2.04 shall be made in Dollars and delivered by wire transfer of immediately available funds to the Lenders' respective Lender Bank Accounts promptly after receipt of such Daily Notification identifying such Available Cash.

Application of Available Cash. In the event that, on any Business Day, including the last Business Day of each calendar month, Available Cash is in excess of $5,000,000, such Available Cash shall be applied as follows: (i) first, to the repayment of any principal amount outstanding under the Revolving Loans in proportion to the Lender's ’s Relative Debt Percentage Interests and (ii) second, as loans to each of the Lenders, in each case in proportion to their Percentage Interests (a "“Cingular Advance"”). The outstanding principal amount of each Cingular Advance shall bear interest at the Cingular Advance Interest Rate which shall accrue from day to day from the date such Cingular Advance is made including the date on which such Cingular Advance is repaid. Interest shall be calculated on the basis of such actual number of days elapsed over 360 and shall be determined with respect to each calendar month as of the last calendar day of such month. Any payments due to the Lenders pursuant to this Section 2.04 shall be made in Dollars and delivered by wire transfer of immediately available funds to the Lenders' ’ respective Lender Bank Accounts promptly after receipt of such Daily Notification identifying such Available Cash.