Common use of Application of Payments Clause in Contracts

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall be applied by the Administrative Agent as follows:

Appears in 29 contracts

Samples: Restatement Agreement (Jetblue Airways Corp), Restatement Agreement (United Airlines, Inc.), Loan and Guarantee Agreement (Frontier Group Holdings, Inc.)

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Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall be applied by the Administrative Agent as follows:

Appears in 16 contracts

Samples: Uncommitted Revolving Credit Agreement (Power Solutions International, Inc.), Credit and Guarantee Agreement (Contango ORE, Inc.), Uncommitted Revolving Credit Agreement (Power Solutions International, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall be applied by the Administrative Agent as follows:follows:‌

Appears in 14 contracts

Samples: Loan and Guarantee Agreement, Loan and Guarantee Agreement, Loan and Guarantee Agreement

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.20, be applied by the Administrative Agent as follows:

Appears in 12 contracts

Samples: Term Loan Agreement (National Fuel Gas Co), Credit Agreement (Tesla, Inc.), Assignment and Assumption (National Fuel Gas Co)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations Obligations, including, without limitation, all proceeds of the Collateral, shall be applied by the Administrative Agent as follows:

Appears in 8 contracts

Samples: Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.)

Application of Payments. Notwithstanding anything herein to the contrary, following the acceleration of the Obligations after the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.20, be applied by the Administrative Agent as follows:

Appears in 8 contracts

Samples: Credit Agreement (Apache Corp), Credit Agreement (APA Corp), Credit Agreement (APA Corp)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.21, be applied by the Administrative Agent as follows:

Appears in 8 contracts

Samples: Credit Agreement (Northwest Natural Gas Co), Credit Agreement (Northwest Natural Gas Co), Credit and Reimbursement Agreement (Northwest Natural Gas Co)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Parent Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.23, be applied by the Administrative Agent as follows:

Appears in 7 contracts

Samples: Credit Agreement (Ultra Clean Holdings, Inc.), Credit Agreement (Ultra Clean Holdings, Inc.), Credit Agreement (Ultra Clean Holdings, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of a Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.22, be applied by the Administrative Agent as follows:

Appears in 5 contracts

Samples: Credit Agreement (Horton D R Inc /De/), Credit Agreement (Forestar Group Inc.), Credit Agreement (Horton D R Inc /De/)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Secured Obligations shall be applied by the Administrative Agent as follows:

Appears in 5 contracts

Samples: Credit Agreement (SFX Entertainment, INC), Guarantee and Collateral Agreement (Exar Corp), Credit Agreement (SFX Entertainment, INC)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.22, be applied by the Administrative Agent as follows:

Appears in 3 contracts

Samples: Amended and Restatedcredit Agreement (Arcosa, Inc.), Credit Agreement (Arcosa, Inc.), Credit Agreement (Trinity Industries Inc)

Application of Payments. (a) Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.21, be applied by the Administrative Agent as follows:.

Appears in 3 contracts

Samples: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower Company or the Required Lenders, all payments received on account of the Obligations shall obligations hereunder shall, subject to Section 2.18 and Section 2.19, be applied by the Administrative Agent as follows:

Appears in 3 contracts

Samples: Credit Agreement (Sherwin Williams Co), Credit Agreement (Sherwin Williams Co), Credit Agreement (Sherwin Williams Co)

Application of Payments. Notwithstanding anything herein to the contrary, following the acceleration of the Obligations after the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.21, be applied by the Administrative Agent as follows:

Appears in 3 contracts

Samples: Credit Agreement (Kinetik Holdings Inc.), Credit Agreement (Kinetik Holdings Inc.), Credit Agreement (Kayne Anderson Acquisition Corp)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof hereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, Lenders all payments received on account of the Obligations shall shall, subject to Section 2.22, be applied by the Administrative Agent as follows:

Appears in 2 contracts

Samples: Credit Agreement (ESAB Corp), Credit Agreement (ESAB Corp)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Term Facility Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to Section 2.18, shall be applied by the Administrative Agent as follows:

Appears in 2 contracts

Samples: Term Loan Credit Agreement (PERRIGO Co PLC), Term Loan Credit Agreement (PERRIGO Co PLC)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to Sections 2.21 and 2.22, shall be applied by the Administrative Agent as follows:

Appears in 2 contracts

Samples: Credit Agreement (SWK Holdings Corp), Credit Agreement (SWK Holdings Corp)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.22, be applied by the Administrative Agent as follows:

Appears in 2 contracts

Samples: Credit Agreement (P10, Inc.), Credit Agreement (P10, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to Sections 2.23 and 2.24, shall be applied by the Administrative Agent as follows:

Appears in 2 contracts

Samples: Credit Agreement (Power Solutions International, Inc.), Credit Agreement (Power Solutions International, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Revolving Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to Section 2.20, shall be applied by the Administrative Agent as follows:

Appears in 2 contracts

Samples: Revolving Credit Agreement (PERRIGO Co PLC), Revolving Credit Agreement (PERRIGO Co PLC)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower Parent or the Required Lenders, all payments received on account of the Obligations shall, subject to SECTION 3.07 and SECTION 2.23, shall be applied by the Administrative Agent as follows:

Appears in 2 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Enstar Group LTD)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Parent Borrower or the Required Lenders, : all payments received on account of the Obligations shall shall, subject to Section 2.20, be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Term Loan Credit Agreement (Vista Outdoor Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Borrower Obligations shall, subject to Sections 2.23, shall be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (Eaton Vance Corp)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Secured Obligations shall shall, subject to Section 2.21, be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (Pacira BioSciences, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower Company or the Required Lenders, all payments received on account of the Obligations shall be applied by the Administrative Agent as follows:: 57 57  

Appears in 1 contract

Samples: Credit Agreement (Pricesmart Inc)

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Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall be applied by the Administrative Agent as follows:: 19

Appears in 1 contract

Samples: Loan Agreement

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of a Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Requisite Lenders, all payments received on account of the Obligations obligations under the Loan Documents and Other Related Documents shall be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Loan Agreement (Howard Hughes Corp)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.17, be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (Rli Corp)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Secured Obligations shall shall, subject to Section 2.22, be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (Chemed Corp)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Secured Obligations shall shall, subject to Section 2.20, be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (Farmer Brothers Co)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to SECTION 2.15, be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Enstar Group LTD)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to Section 2.22, shall be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (GAIN Capital Holdings, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower Borrowers or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.20, be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (Schweitzer Mauduit International Inc)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower Borrowers or the Required Lenders, all payments received on account of the Obligations shall, subject to Sections 2.22 and 2.23, shall be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Loan Agreement (Aaon, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, :all payments received on account of the Obligations shall shall, subject to Section 2.21, be applied by the Administrative Agent as follows:.

Appears in 1 contract

Samples: Security Agreement (Ugi Corp /Pa/)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to Section 2.26, shall be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (Skyward Specialty Insurance Group, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof thereof‌ to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Loan and Guarantee Agreement

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to Sections 2.02(g) and to the Intercreditor Agreement, shall be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: Credit Agreement (Global Clean Energy Holdings, Inc.)

Application of Payments. . Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall shall, subject to Section 2.22, be applied by the Administrative Agent as follows:

Appears in 1 contract

Samples: 364 Day Credit Agreement (Arcosa, Inc.)

Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Initial Lender and the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall be applied by the Administrative Agent as follows:: 22

Appears in 1 contract

Samples: Supplemental Agreement

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