APPLICATION OF CONCENTRATION ACCOUNT FUNDS Sample Clauses

APPLICATION OF CONCENTRATION ACCOUNT FUNDS. Each Creditor agrees that from and after the Effective Time and until the Termination Time (the "FORBEARANCE PERIOD"), the proceeds of its Collateral under its Funding Agreements, in an amount not to exceed the amount set forth opposite its name on EXHIBIT B attached hereto, may be applied to the line items and the amounts set forth in the Budget; PROVIDED, HOWEVER, that (a) no amount shall be applied under this Section until all the available unencumbered cash of the Company that is available from time to time has been applied to pay such Budget items, (b) under no circumstances shall any Party be required to advance any new or additional funds to the payment of such expenses in excess of the amount of its collections from its Collateral pursuant to the Funding Agreements and (c) all such expenses shall be paid by the Party PRO RATA as provided on EXHIBIT B attached hereto (it being agreed that no Party shall be required to fund any such expense unless all the Parties have funded their PRO RATA share of such expense). For the purposes of this Article II, any reference to a "Party" or "Parties" shall mean CIBC and the Creditors.