Common use of Application of Moneys Received Clause in Contracts

Application of Moneys Received. All moneys collected or received by the Administrative Agent on account of the Facility directly or indirectly, shall be applied in the following order of priority: (i) to the payment of all reasonable costs incurred in the collection of such moneys of which the Administrative Agent shall have given notice to the Borrower; (ii) to the reimbursement of any amounts due to any of the Lenders in accordance with Article III; (iii) to payment of the full amount of interest and principal on the Swingline Loans; (iv) first to interest until paid in full and then to principal for all Lenders (i) as allocated by the Borrower (unless a Default exists) between Competitive Bid Loans and ratable Advances (the amount allocated to ratable Advances to be distributed in accordance with the Percentage of the Lenders) or (ii) if a Default exits, in accordance with the respective Funded Percentage of the Lenders; and (v) any other sums due to the Administrative Agent or any Lender under any of the Loan Documents.

Application of Moneys Received. All moneys collected or received by the Administrative Agent on account of the Facility facility directly or indirectly, shall be applied in the following order of priority: (i) to the payment of all reasonable costs incurred in the collection of such moneys of which the Administrative Agent shall have given notice to the Borrower; (ii) to the reimbursement of any amounts yield protection due to any of the Lenders in accordance with Article IIISection 3.1; (iii) to the payment of all fees to the full amount of interest and principal on the Swingline LoansAdministrative Agent; (iv) first to interest then due to the Lenders until paid in full and then to principal for all Lenders (iother than Defaulting Lenders) as allocated by the Borrower (unless a Default exists) between Competitive Bid Loans and ratable Advances (the amount allocated to ratable Advances to be distributed in accordance with the Percentage Percentages of the Lenders) or (ii) if a Default exits, Lenders until principal is paid in accordance with the respective Funded Percentage of the Lenders; andfull; (v) any other sums due to the Administrative Agent or any Lender under any of the Loan Documents; and (vi) to the payment of any sums due to each Defaulting Lender as their respective Percentages appear (provided that Administrative Agent shall have the right to set-off against such sums any amounts due from such Defaulting Lender).

Application of Moneys Received. All moneys collected or received by the Administrative Agent on account of the Facility directly or indirectly, shall be applied in the following order of priority: (i) to the payment of all reasonable costs incurred in the collection of such moneys of which the Administrative Agent shall have given notice to the Borrower; (ii) to the reimbursement of any amounts yield protection due to any of the Lenders in accordance with Article IIISection 3.1; (iii) to the payment of all fees to the full amount of interest and principal on the Swingline LoansAdministrative Agent, if then due; (iv) first to interest until paid in full and then to principal for all Lenders (i) as allocated by the Borrower (unless a Default exists) between Competitive Bid Loans and ratable Advances (the amount allocated to ratable Advances to be distributed in accordance with the Percentage of the other than Defaulting Lenders) or (ii) if a Default exitsexists, in accordance with the respective Funded Percentage Percentages of the Lenders; and; (v) any other sums due to the Administrative Agent or any Lender under any of the Loan Documents; (vi) to the payment of all amounts due to Defaulting Lenders; and (vii) any remaining amount to Borrower.

Application of Moneys Received. All moneys collected or received by the Administrative Agent on account of the Facility directly or indirectly, shall be applied in the following order of priority: (i) to the payment of all reasonable costs incurred in the collection of such moneys of which the Administrative Agent shall have given notice to the Borrower; (ii) to the reimbursement of any amounts yield protection due to any of the Lenders in accordance with Article IIISection 4.1; (iii) to the payment of the full amount Commitment Fee to the Lenders and to the payment of interest all fees to the Administrative Agent and principal on the Swingline LoansArranger; (iv) first to interest until paid in full and then to principal for all Lenders (i) as allocated by the Borrower (unless a Default exists) between Competitive Bid Loans and ratable Advances (the amount allocated to ratable Advances to be distributed in accordance with the Percentage of the other than Defaulting Lenders) or (ii) if a Default exits, in accordance with the respective Funded Percentage Percentages of the Lenders; and; (v) any other sums due to the Administrative Agent Agent, Arranger or any Lender under any of the Loan Documents; and (vi) to the payment of any sums due to each Defaulting Lender as their respective Percentages appear (provided that Administrative Agent shall have the right to set-off against such sums any amounts due from such Defaulting Lender).