Application of Certain Proceeds. If any Bank makes a Revolving Loan hereunder on a day on which the Borrower is to repay all or any part of an outstanding Revolving Loan from such Bank, such Bank shall apply the proceeds of its new Revolving Loan to make such repayment and only an amount equal to the difference (if any) between the amount being borrowed and the amount being repaid shall be made available by such Bank to the Administrative Agent as provided in Section 2.2.3, or remitted by the Borrower to the Administrative Agent, as the case may be.
Application of Certain Proceeds. Concurrently with Closing, the net proceeds of the Loans (after payment of the Fee and all of the costs required to be paid by Borrower under Section 3) received by Lessee in connection with the transfer of the Premises to Borrower shall be applied to the outstanding balance under the Existing Facility. In addition, prior to or at the Closing Lessee shall have entered or shall enter into the New Facility.
Application of Certain Proceeds. In the event the amount of any prepayment required to be made above under this Section 2.15 shall exceed the aggregate principal amount of the Base Rate Loans outstanding required to be prepaid (the amount of any such excess being called the "Excess Amount"), Company shall have the right, in lieu of making such prepayment in full, to prepay all the outstanding applicable Base Rate Loans and to deposit an amount equal to the Excess Amount with the Collateral Trustee in a cash collateral account maintained (pursuant to documentation reasonably satisfactory to the Administrative Agent) by and in the sole dominion and control of the Collateral Trustee. Any amounts so deposited shall be held by the Collateral Trustee as collateral for the Obligations and applied to the prepayment of the applicable Eurodollar Rate Loans at the end of the current Interest Periods applicable thereto. On any Business Day on which (i) collected amounts remain on deposit in or to the credit of such cash collateral account after giving effect to the payments made on such day pursuant to this Section 2.15(d) and (ii) Company shall have delivered to the Collateral Trustee a written request or a telephonic request (which shall be promptly confirmed in writing) that such remaining collected amounts be invested in the Permitted Investments specified in such request, the Collateral Trustee shall use its reasonable efforts to invest such remaining collected amounts in such Permitted Investments; provided, however, that the Collateral Trustee shall have continuous dominion and full control over any such investments (and over any interest that accrues thereon) to the same extent that it has dominion and control over such cash collateral account and no Permitted Investment shall mature after the end of the Interest Period for which it is to be applied. Company shall not have the right to withdraw any amount from such cash collateral account until the applicable Eurodollar Rate Loans and accrued interest thereon are paid in full or if a Default or Event of Default then exists or would result.
Application of Certain Proceeds. (a) The Borrower shall reduce the aggregate Commitments under the Senior Bank Facilities or pay or prepay Scheduled Debt by an amount equal to, and upon receipt of, Asset Proceeds and Option Exercise Proceeds by the Affiliate Guarantors, the Borrower and their respective Subsidiaries other than the following, without duplication:
Application of Certain Proceeds. The mortgagee may reserve the right to apply to the mortgage debt all or any part of Xxxxxx’s share of the proceeds from any insurance policies or arising from a condemnation. EXHIBIT F
Application of Certain Proceeds. 31 SECTION 4.1 DIVISION OF FORECLOSURE PROCEEDS AND PROCEEDS UNDER THE XXXXXXXX GUARANTY.........................31 SECTION 4.2 APPLICATION OF CASUALTY PROCEEDS AND EMINENT DOMAIN PROCEEDS......................................32 SECTION 4.3 APPLICATION OF BUY-DOWN AMOUNTS...................................................................35 ARTICLE V COLLATERAL AGENT; DEPOSITARY BANK......................................................................38
Application of Certain Proceeds. To the extent required in order to permit the transfer and delivery of the Purchased Assets free and clear of all liens, pledges, claims, security interests and encumbrances, the Sellers shall utilize all or a portion of the Purchase Price to repay any obligations for which any of the Purchased Assets constitute collateral (including, without limitation, any line of credit or other arrangement under which the Sellers are or may be a borrower).
Application of Certain Proceeds. (a) The Borrower shall prepay and reduce commitments under the Borrower's Scheduled Debt and Senior Bank Facilities in an aggregate amount equal to the Prepayment Target from any combination of the following sources:
Application of Certain Proceeds. The Mortgagee may reserve the right to apply to the mortgage debt all or any part of Lessee’s share of the proceeds from any insurance policies or arising from a condemnation. EXHIBIT E Memorandum of Lease
Application of Certain Proceeds. SECTION 4.1 Division of Foreclosure Proceeds and Proceeds Under the Xxxxxxxx Guaranty.
