Application of Payments Under Guaranties. All payments received by the Administrative Agent under any Guaranty shall be applied promptly from time to time by the Administrative Agent in the following order of priority:
(a) to the payment of the reasonable costs and expenses of any collection or other realization under such Guaranty, including without limitation reasonable compensation to the Administrative Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by the Administrative Agent in connection therewith, all in accordance with the terms of this Agreement and such Guaranty;
(b) thereafter, to the extent of any excess such payments, to the payment of all other Guarantied Obligations (as defined in such Guaranty) for the ratable benefit of the holders thereof; and
(c) thereafter, to the extent of any excess such payments, to the payment to the applicable Guarantor or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct.
Application of Payments Under Guaranties. All payments received by Administrative Agent under any of the Guaranties at any time at which an Event of Default has occurred and is continuing, shall be applied promptly from time to time by Administrative Agent in the following order of priority:
(a) to the payment of the costs and expenses of any collection or other realization under the Guaranties, including reasonable fees and expenses of Administrative Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by Administrative Agent in connection therewith, all in accordance with the terms of this Agreement and such Guaranty;
(b) thereafter, to the extent of any excess such payments, to the payment of all other Guarantied Obligations (as defined in such Guaranty) then due and payable for the ratable benefit of the holders thereof;
(c) thereafter, to the extent of any excess such payments, to the payment of cash collateral for Letters of Credit for the ratable benefit of the Issuing Lenders thereof and holders of participations therein; and
(d) thereafter, to the extent of any excess such payments, to the payment to Parent or to the applicable Subsidiary Guarantor or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct.
Application of Payments Under Guaranties. All payments received by Agent under either Guaranty shall be applied promptly from time to time by Agent in the following order of priority:
(a) To the payment of the costs and expenses of any collection or other realization under such Guaranty, including reasonable compensation to Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by Agent in connection therewith, all in accordance with the terms of this Agreement and such Guaranty;
(b) thereafter, to the extent of any excess such payments, to the payment of all other Guarantied Obligations (as defined in such Guaranty) for the ratable benefit of the holders thereof; and
(c) thereafter, to the extent of any excess such payments, to the payment to BCC or License Sub or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct.
Application of Payments Under Guaranties. All payments received by ---------------------------------------- Agent under the Subsidiary Guaranty shall be applied promptly from time to time by Agent in the following order of priority:
(a) To the payment of the costs and expenses of any collection or other realization under the Subsidiary Guaranty, all other expenses, liabilities and advances made or incurred by Agent in connection therewith, and all amounts for which Agent is entitled to compensation (including the fees described in subsection 2.3), reimbursement and indemnification under the Subsidiary Guaranty or any Loan Document and all advances made by Agent thereunder for the account of the applicable Subsidiary Guarantor or Loan Party, and to the payment of all costs and expenses paid or incurred by Agent in connection with the Subsidiary Guaranty and the Loan Documents, all in accordance with subsections 9.4, 10.2 and 10.3 and the other terms of this Agreement, the Subsidiary Guaranty and Loan Documents;
(b) thereafter (A) excess proceeds of Working Capital Collateral shall first be applied to pay in full Obligations in respect of Revolving Loan ----- Commitments (including the cash collateralization of issued and outstanding Letters of Credit), then second, to the extent of any amounts remaining, to pay ------ in full Obligations in respect of Term Loans, in each case for the ratable benefit of the holders thereof (subject to the provisions of subsection 2.4C(ii) hereof), and then third, to the extent of any amounts remaining, to pay ----- in full obligations in respect of Lender Hedge Agreements, in each case for the ratable benefit of the holders thereof; (B) excess proceeds of Pari Passu Collateral shall first be applied ratably in proportion to the then ----- outstanding amounts to pay in full the Obligations in respect of Term Loans and Revolving Loan Commitments (including the cash collateralization of issued and outstanding Letters of Credit) in each case for the ratable benefit of the holders thereof (subject to the provisions of subsection 2.4C(ii) hereof and then second, to the extent of any amounts remaining, to pay in full obligations ------ in respect of Lender Hedge Agreements, in each case for the ratable benefit of the holders thereof; and (C) excess proceeds of PPE Collateral shall first be applied to pay in full Obligations in respect of Term Loans, then ----- second, to the extent of amounts remaining, to pay Obligations in ------ respect of Revolving Loan Commitments (in...
Application of Payments Under Guaranties. All payments received by Collateral Agent under the Guaranties shall be applied promptly from time to time by Collateral Agent as provided in the Intercreditor Agreement.
Application of Payments Under Guaranties. All payments received by Administrative Agent under any of the Guaranties shall be applied promptly from time to time by Administrative Agent in the following order of priority:
(a) to the payment of the costs and expenses of any collection or other realization under the Guaranties, including reasonable compensation to Administrative Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by Administrative Agent in connection therewith, all in accordance with the terms of this Agreement and such Guaranty;
(b) thereafter, to the extent of any excess such payments, to the payment of all other Guarantied Obligations (as defined in such Guaranty) for the ratable benefit of the holders thereof; (c) thereafter, to the extent of any excess such payments, to the payment of cash collateral for Letters of Credit for the ratable benefit of the Issuing Lenders thereof and holders of participations therein; and (d) thereafter, to the extent of any excess such payments, to the payment to the applicable Subsidiary Guarantor or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct.
Application of Payments Under Guaranties. All payments received by Administrative Agent under either Guaranty shall be applied promptly from time to time by Administrative Agent in the following order of priority:
(a) To the payment of the reasonable costs and expenses of any collection or other realization under such Guaranty, including reasonable compensation to Administrative Agent and its agents and counsel, and all reasonable expenses, liabilities and advances made or incurred by Administrative Agent in connection therewith, all in accordance with the terms of this Agreement and such Guaranty;
