Application of Payments and Repayments. So long as the balance of the Obligations under the Credit Agreement, and the indebtedness evidenced by the Notes and the A-Advanced Notes, exceeds the portion of the Secured Indebtedness secured by this Mortgage, any payments and repayments of the Loans or the payment of principal and interest on said Notes or A-Advanced Notes shall not be deemed to be applied against, or to reduce, the portion of the Secured Indebtedness secured by this Mortgage. Such payments shall instead be deemed to reduce only such portions of the Secured Indebtedness as are secured by mortgages and deeds of trust encumbering real property located outside the State in which the Real Property is located, which mortgages and deeds of trust also secure in part the Secured Indebtedness (except to the extent, if any, that specific mortgages and deeds of trust in such states contain specific limitations on the amount secured).
Application of Payments and Repayments. So long as the balance of the Obligations exceeds the Secured Amount, any payments and repayments of the Obligations by Mortgagor shall not be deemed to be applied against, or to reduce, the portion of the Obligations secured by this Mortgage. Such payments shall instead be deemed to reduce only such portions of the Obligations as are secured by mortgages encumbering real property located outside the State of Indiana, which mortgages secure the entire Obligations (except to the extent, if any, that specific mortgages in such states contain specific limitations on the amount secured). [Signature and Notary Page Follows]
Application of Payments and Repayments. Notwithstanding anything herein or in any Domestic Security Document to the contrary, so long as the balance of the Secured Obligations exceeds the Secured Loan Amount, any payments and repayments of any Secured Obligation by any Borrower shall not be deemed to be applied against, or to reduce, the portion of the Secured Obligations secured by this Mortgage, as more fully described in Section 4.01. Such payments shall instead be deemed to reduce only such portions of the Secured Obligations as are secured by mortgages encumbering real property located outside the State of New York, which mortgages secure the entire Secured Obligations (except to the extent, if any, that specific mortgages in such states contain specific limitations on the amount secured).
Application of Payments and Repayments. So long as the balance of the Obligations exceeds the Secured Amount, any payments and repayments of the Obligations by Mortgagor shall not be deemed to be applied against, or to reduce, the portion of the Obligations secured by this Mortgage. Such payments shall instead be deemed to reduce only such portions of the Obligations as are secured by mortgages encumbering real property located outside the State of North Carolina, which mortgages secure the entire Obligations (except to the extent, if any, that specific mortgages in such states contain specific limitations on the amount secured).
Application of Payments and Repayments. All amounts received by Hydro from or on behalf of the YFFNLP, including from realization by Hydro on the Collateral, and not previously applied pursuant to this YFFNLP Financing Agreement shall be applied:
(a) first, in reduction of the YFFNLP’s obligation to pay any costs, fees and expenses, which are due and owing to Hydro and reimbursable or indemnity amounts or losses which are due and owing to Hydro;
(b) second, in reduction of the YFFNLP’s obligation to pay any unpaid interest accrued on the principal amount of Advances or any other amount owing hereunder;
Application of Payments and Repayments. So long as the balance of the Loans exceeds the portion of the Secured Indebtedness secured by this Mortgage, any payments and repayments of the Loans by Borrower shall not be deemed to be applied against, or to reduce, the portion of the Secured Indebtedness secured by this Mortgage. Such payments shall instead be deemed to reduce only such portions of the Secured Indebtedness as are secured by mortgages and deeds of trust encumbering real property located outside the State in which the Real Property is located, which mortgages and deeds of trust also secure in part the Secured Indebtedness (except to the extent, if any, that specific mortgages and deeds of trust in such states contain specific limitations on the amount secured).
Application of Payments and Repayments. So long as the balance of the Term Loan exceeds the Term Secured Amount, any payments of the Term Loan by Mortgagor shall not be deemed to be applied against, or to reduce, the portion of the Term Loan secured by this Mortgage, as more fully described in Section 7.3 hereof. Such payments shall instead be deemed to reduce only such portions of the Term Loan as is either: (a) secured by mortgages encumbering real property located outside the State of New York, which mortgages secure the entire Obligations (except to the extent, if any, that specific mortgages in such states contain specific limitations on the amount secured) or (b) secured by collateral that is not real property.
Application of Payments and Repayments. So long as the balance of the Obligations exceeds the secured amount, any payments and repayments of the Obligations by Trustor shall not be deemed to be applied against, or to reduce, the portion of the Obligations secured by this Mortgage. Such payments shall instead be deemed to reduce only such portions of the Obligations as are secured by mortgages encumbering real property located outside the State of Nebraska, which mortgages secure the entire Obligations (except to the extent, if any, that specific mortgages in such states contain specific limitations on the amount secured). [Signature and Notary Page Follows]
Application of Payments and Repayments. All amounts received by Hydro from or on behalf of FLCNKII, including from realization by Hydro on the Collateral, and not previously applied pursuant to this FLCNKII Financing Agreement shall be applied:
(a) first, in reduction of FLCNKII’s obligation to pay any costs, fees and expenses, which are due and owing to Hydro and reimbursable or indemnity amounts or losses which are due and owing to Hydro;
(b) second, in reduction of FLCNKII’s obligation to pay any unpaid interest accrued on the principal amount of Advances or any other amount owing hereunder;
Application of Payments and Repayments. All amounts received by Hydro from or on behalf of the CNPLP, including from realization by Hydro on the Collateral, and not previously applied pursuant to this CNPLP Financing Agreement shall be applied:
(a) first, in reduction of the CNPLP’s obligation to pay any costs, fees and expenses, which are due and owing to Hydro and reimbursable or indemnity amounts or losses which are due and owing to Hydro;
(b) second, in reduction of the CNPLP’s obligation to pay any unpaid interest accrued on the principal amount of Advances or any other amount owing hereunder;
