Common use of Application of Payments and Collections Clause in Contracts

Application of Payments and Collections. The Debtor irrevocably waives the right to direct the application of any payments and collections at any time or times hereafter received by the Lender from or on behalf of the Debtor, and the Debtor irrevocably agrees that the Lender shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by the Lender or its agent against the Obligations, in such order and in such proportions as the Lender may deem advisable, whether due or not, and notwithstanding any entry by the Lender upon its books and records.

Application of Payments and Collections. The Debtor Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by the Lender from or on behalf of the DebtorBorrower, and the Debtor Borrower does hereby irrevocably agrees agree that the Lender shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by the Lender or its agent against the Obligations, in such order and in such proportions manner as the Lender may deem advisable, whether due or not, and notwithstanding any entry by the Lender upon any of its books and records.

Application of Payments and Collections. The Debtor Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by the Lender from or on behalf of the DebtorBorrower, and the Debtor Borrower irrevocably agrees that the Lender shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by the Lender or its agent against the Obligations, in such order and in such proportions as the Lender may deem advisable, whether due or not, and notwithstanding any entry by the Lender upon any of its books and records.

Application of Payments and Collections. The Debtor Each Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by the Lender from or on behalf of the Debtorsuch Borrower, and the Debtor each Borrower does hereby irrevocably agrees agree that the Lender shall have the continuing exclusive right to apply and to reapply any and all such payments and collections received at any time or times hereafter by the Lender or its agent against the Obligations, in such order and manner as Lender, in such proportions as the Lender its sole discretion, may deem advisabledetermine, whether due or not, and notwithstanding any entry by the Lender upon any of its books and records.