Common use of Applications of Moneys Clause in Contracts

Applications of Moneys. Any moneys collected by the Issuer, the Administrator, or the Bank pursuant to Section 6.03 hereof shall be applied in the same manner as Loan Repayments are applied pursuant to Section 4.08 hereof. Any moneys remaining shall be paid as owed, first to the Bank and then credited to Loan Repayments of the Borrower.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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