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.
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Samples: Credit Agreement (Smart & Final Inc/De), Credit Agreement (Smart & Final Inc/De)
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: Revolving Credit Agreement (Insurance Auto Auctions Inc /Ca)
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
