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.
Appears in 3 contracts
Samples: Credit Agreement (Avado Brands Inc), Credit Agreement (Avado Brands Inc), Credit Agreement (Avado Brands Inc)
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.
Appears in 2 contracts
Samples: Credit Agreement (Apple South Inc), Credit Agreement (Apple South Inc)
