Common use of APPLICATION OF PAYMENTS SPECIFIED BY THE BORROWER Clause in Contracts

APPLICATION OF PAYMENTS SPECIFIED BY THE BORROWER. Except as ------------------------------------------------- otherwise specified herein, so long as no Event of Default has occurred and is continuing, all payments shall be applied as instructed by the Borrower if such instructions are received by the Administrative Agent prior to or contemporaneously with receipt of funds therefor.

Appears in 2 contracts

Samples: Schedules and Exhibits (Smart & Final Inc/De), Credit Agreement (Smart & Final Inc/De)

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APPLICATION OF PAYMENTS SPECIFIED BY THE BORROWER. Except as ------------------------------------------------- otherwise specified herein, so long as no Event of Default has occurred and is continuing, all payments shall be applied as instructed by the Borrower if such instructions are received by the Administrative Agent Lender prior to or contemporaneously with receipt of funds therefor.

Appears in 1 contract

Samples: Credit Agreement (Insurance Auto Auctions Inc /Ca)

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APPLICATION OF PAYMENTS SPECIFIED BY THE BORROWER. Except as ------------------------------------------------- otherwise specified herein, so long as no Event of Default has occurred and is continuing, all payments shall be applied as instructed by the Borrower if such instructions are received by the Administrative Agent prior to or contemporaneously with receipt of funds therefor.

Appears in 1 contract

Samples: Credit Agreement (Smart & Final Inc/De)

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