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: (a) to amounts due hereunder as costs and expenses of the Agent; (b) to amounts due hereunder as costs and expenses of the Lenders; (c) to amounts due hereunder as fees; (d) to amounts due hereunder as interest; (e) rateably to amounts due hereunder as principal and amounts due in respect of any Other Secured Obligations with the Lenders or any of their Affiliates; and (f) any balance to the Borrower or as a court of competent jurisdiction shall determine.

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: (a) to amounts due hereunder as costs and expenses of the Agent; (b) to amounts due hereunder as costs and expenses of the Lenders; (c) to amounts due hereunder as fees; (d) to amounts due hereunder as interest; (e) rateably to amounts due hereunder as principal and amounts due in respect of any Other Secured Obligations with the Lenders or any of their Affiliates; and (f) any balance to the Borrower or as a court of competent jurisdiction shall determine.

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: (a) to amounts due hereunder as costs and expenses of the Agent; (b) to amounts due hereunder as costs and expenses of the Lenders; (c) to amounts due hereunder as fees; (d) to amounts due hereunder as interest; (e) rateably to amounts due hereunder as principal and amounts due in respect of any Other Secured Obligations with the Lenders or any of their Affiliates; and (f) any balance to the Borrower Borrowers or as a court of competent jurisdiction shall determine.