Application of Payments Prior to Event of Default. (a) Prior to the occurrence of an Event of Default of which the account officers of the Administrative Agent active on the Borrowers' account have knowledge, all funds transferred to the Fleet Concentration Account and for which the Borrowers have received credits shall be applied to the Obligations as follows:
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Samples: Revolving Credit Agreement (Us Xpress Enterprises Inc), Revolving Credit Agreement (Fairfield Communities Inc)
Application of Payments Prior to Event of Default. (a) Prior to the occurrence of an Event of Default of which the account officers of the Administrative Agent active on the Borrowers' Borrower’s account have knowledge, all funds transferred to the Fleet Concentration Account and for which the Borrowers have Borrower has received credits shall be applied transferred to the Obligations as follows:Operating Account.
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Samples: Revolving Credit and Term Loan (Quaker Fabric Corp /De/)
Application of Payments Prior to Event of Default. (a) Prior to the occurrence of an Event of Default of which the account officers of the Administrative Agent active on the Borrowers' account have knowledge, all funds transferred to the Fleet Concentration Blocked Account and for which the Borrowers have received credits shall be applied to the Obligations as follows:
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Application of Payments Prior to Event of Default. (a) Prior to the occurrence of an Event of Default of which the account officers of the Administrative Agent active on the Borrowers' Borrower's account have actual knowledge, all funds transferred to the Fleet Concentration Account and for which the Borrowers have Borrower has received credits shall be applied to the Obligations as follows:
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Application of Payments Prior to Event of Default. (a) Prior to the occurrence of an Event of Default of which the account officers of the Administrative Agent active on the Borrowers' Borrowers account have knowledge, all funds transferred to the Fleet Concentration Account and for which the Borrowers have Borrower has received credits shall be applied to the Obligations as follows:
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