Common use of Application of Payments After Exercise of Rights Under Section 10 Clause in Contracts

Application of Payments After Exercise of Rights Under Section 10. All payments made by or on behalf of the Obligors after the exercise of any rights arising under Section 10.2 shall be paid to and distributed pro rata among, as applicable, (i) the Lenders in accordance with their Rateable Portions, or (ii) as the case may be, to or among the Agent, the Lender or the Lenders to whom those payments are owing, in each instance in the following order:

Application of Payments After Exercise of Rights Under Section 10. All payments made by or on behalf of the Obligors after the exercise of any rights arising under Section 10.2 shall shall, subject to the provisions of the Security Sharing Agreement, be paid to and distributed pro rata among, as applicable, (i) the Lenders in accordance with their Rateable Portions, or (ii) as the case may be, to or among the Agent, the US Administrative Agent, the Lender or the Lenders to whom those payments are owing, in each instance in the following order: