Apportionment, Application and Reversal of Payments. (a) All payments received by the Collateral Agent for application to the Obligations shall be applied as set forth in Section 8.03 of the Term Credit Agreement.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Noranda Aluminum Holding CORP), Credit Agreement (Noranda Aluminum Holding CORP)
Apportionment, Application and Reversal of Payments. (a) All payments received by the Collateral Agent for application to the Obligations shall be applied as set forth in Section 8.03 of the Term ABL Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Noranda Aluminum Holding CORP), Guarantee and Collateral Agreement (Noranda Aluminum Holding CORP)