Common use of Application of Cancellation to Maturities of the Credit Clause in Contracts

Application of Cancellation to Maturities of the Credit. Except as the Borrower and the Trustee shall otherwise agree, any cancellation shall be applied pro rata to the several installments of the principal amount of the Credit maturing after the date of such cancellation.

Appears in 5 contracts

Samples: Trust Fund Credit and Grant Agreement, Trust Fund Credit Agreement, Trust Fund Credit Agreement

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Application of Cancellation to Maturities of the Credit. Except as the Borrower and the Trustee Administrator shall otherwise agree, any cancellation shall be applied pro rata to the several installments of the principal amount of the Credit maturing after the date of such cancellation.

Appears in 1 contract

Samples: Trust Fund Credit Agreement

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