Application of receipts; partial payments. (a) If the Lender receives a payment that is insufficient to discharge all the amounts then due and payable by a Transaction Obligor under the Finance Documents, the Lender may apply that payment towards the obligations of that Transaction Obligor under the Finance Documents in any manner it may decide. (b) Paragraph (a) above will override any appropriation made by a Transaction Obligor.
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Sources: Reducing Revolving Credit Loan Facility (Navios Maritime Partners L.P.), Secured Term Loan Facility (United Maritime Corp), Term Loan Facility (Okeanis Eco Tankers Corp.)
Application of receipts; partial payments. (a) If the Lender ▇▇▇▇▇▇ receives a payment that is insufficient to discharge all the amounts then due and payable by a Transaction Obligor under the Finance Documents, the Lender may apply that payment towards the obligations of that Transaction Obligor under the Finance Documents in any manner it may decide.
(b) Paragraph (a) above will override any appropriation made by a Transaction Obligor.
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