Appropriation of Moneys Received Sample Clauses

Appropriation of Moneys Received. The Lenders, and the Agent on behalf of the Lenders as between the Lenders and the Borrower, may from time to time when an Event of Default has occurred and is continuing appropriate any monies received from the Borrower in or toward payment of such of the obligations of the Borrower hereunder as the Lenders in their sole discretion may see fit.
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Appropriation of Moneys Received. Subject to Sections 12.5(a) and 13.16, the Agent and the Lenders may from time to time when an Event of Default has occurred and is continuing appropriate any moneys received by it from the Borrower or any Guarantor or pursuant to the exercise of any right or remedy under any Loan Document in or toward payment of the Obligations and Bank Product Obligations as the Agent and the Lenders in their sole discretion may see fit.
Appropriation of Moneys Received. Each Lender may from time to time when an Event of Default has occurred and is continuing, but subject to Section 10.03(d), appropriate any moneys received by it from the Credit Parties in or toward payment of such of the obligations of the Borrower or any other Credit Party under the Credit Documents as such Lender in its sole discretion may see fit.
Appropriation of Moneys Received. BNB FTC and BNB may from time to time when an Event of Default has occurred and is continuing appropriate any moneys received by it from the Borrower, including any moneys in the escrow account referred to in Clause 6.3 hereto, or from the Security or any part thereof or from any other security held by BNB in or toward payment of such of the obligations of the Borrower hereunder as BNB FTC and BNB in their sole discretion may see fit.
Appropriation of Moneys Received. The Agent and each Bank may from -------------------------------- time to time, when an Event of Default has occurred, appropriate any moneys received by it from the Borrower or from the proceeds of any security given in or towards payment of such portion of the Indebtedness of the Borrower to the Agent or such Bank as in its discretion it may see fit, and the Borrower will have no right to require any inconsistent appropriation.
Appropriation of Moneys Received. Each Lender may from time to time when an Event of Default has occurred and is continuing, but subject to Subsection 10.03(3), appropriate any moneys received by it from the Credit Parties or from any security held by such Lender in or toward payment of such of the obligations of the Borrower or any other Credit Party under the Credit Documents as such Lender in its sole discretion may see fit.

Related to Appropriation of Moneys Received

  • Collection of Money Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Indenture Trustee pursuant to this Indenture. The Indenture Trustee shall apply all such money received by it as provided in this Indenture. Except as otherwise expressly provided in this Indenture, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust Estate, the Indenture Trustee may take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate Proceedings. Any such action shall be without prejudice to any right to claim a Default or Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

  • Application of Moneys Collected Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

  • Application of Moneys All moneys received by the Agent and/or the Security Trustee under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 or in a manner determined in the Security Trustee’s or (as the case may be) the Agent’s discretion, shall be applied in the following manner:

  • Collection of Monies Except as otherwise expressly provided in this Agreement, the Trustee may demand payment or delivery of, and shall receive and collect, all money and other property payable to or receivable by the Trustee pursuant to this Agreement. The Trustee shall hold all such money and property received by it as part of the Trust Fund and shall distribute it as provided in this Agreement. If the Trustee shall not have timely received amounts to be remitted with respect to the Mortgage Loans from the Master Servicer, the Trustee shall request the Master Servicer to make such distribution as promptly as practicable or legally permitted. If the Trustee shall subsequently receive any such amount, it may withdraw such request.

  • Application of Money Collected Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

  • Application of Monies In the event that, during the continuance of any Default, the Administrative Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of rights under the Loan Documents, such monies shall be distributed for application as follows:

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