Common use of Application of Certain Proceeds Clause in Contracts

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. 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. If any the 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 BankLoan, such the 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 Borrower as provided in Section 2.2.3, or remitted by the Borrower to the Administrative Agent, as the case may be2.2.2.