Common use of Application of Payments after an Event of Default Clause in Contracts

Application of Payments after an Event of Default. Subject to the terms of any Intercreditor Agreement, if any Event of Default shall occur and be continuing such that the entire principal amount of the Advances then outstanding and all accrued and unpaid interest thereon and all other payments due hereunder by the Borrower which are unmatured shall become immediately due and payable in accordance with the provisions of Section 9.2, all payments made by the Borrower hereunder or payments made pursuant to any of the provisions of any of the Guarantees shall be applied in the following order:

Appears in 2 contracts

Samples: Credit Agreement (Maverix Metals Inc.), Credit Agreement (Maverix Metals Inc.)

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Application of Payments after an Event of Default. Subject to the terms of any Intercreditor Agreement, if If any Event of Default shall occur and be continuing such that the entire principal amount of the Advances then outstanding and all accrued and unpaid interest thereon and all other payments due hereunder by the Borrower which are unmatured shall become immediately due and payable in accordance with the provisions of Section 9.2, all payments made by the Borrower hereunder or payments made pursuant to any of the provisions of any of the Guarantees shall be applied in the following order:

Appears in 1 contract

Samples: Credit Agreement (Vox Royalty Corp.)

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Application of Payments after an Event of Default. Subject to the terms of any Intercreditor Agreement, if If any Event of Default shall occur and be continuing such that the entire principal amount of the Advances then outstanding and all accrued and unpaid interest thereon and all other payments due hereunder by the Borrower Borrowers which are unmatured shall become immediately due and payable in accordance with the provisions of Section 9.2, all payments made by the Borrower Borrowers hereunder or payments made pursuant to any of the provisions of any of the Guarantees shall be applied in the following order:

Appears in 1 contract

Samples: Credit Agreement (HudBay Minerals Inc.)

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