Common use of Crediting of Monies Recovered Clause in Contracts

Crediting of Monies Recovered. Any amounts recovered from Borrower or any other Person after an Event of Default shall be applied by Lender toward the payment of any interest and/or principal of the Obligations and/or any other amounts due under the Loan Documents in such order, priority and proportions as Lender in its sole discretion shall determine.

Appears in 7 contracts

Samples: Term Loan and Revolving Line of Credit Agreement, Term Loan and Revolving Line of Credit Agreement (HarbourVest - Origami Structured Solutions L.P.), Revolving Loan Agreement (Viggle Inc.)

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Crediting of Monies Recovered. Any amounts recovered from Borrower the Credit Support Provider or any other Person after an Event of Default shall be applied by the Lender toward the payment of any interest and/or principal of the obligations of the Borrower under the Loan Documents and the Guaranteed Obligations and/or any other amounts due under the Loan Documents in such order, priority and proportions as the Lender in its sole discretion shall determine.

Appears in 1 contract

Samples: Bridge Loan Agreement

Crediting of Monies Recovered. Any amounts recovered from Borrower Guarantor or any other Person after an Event of Default shall be applied by Lender toward the payment of any interest and/or principal of the Guaranteed Obligations and/or any other amounts due under the Loan Documents in such order, priority and proportions as Lender in its sole discretion shall determine.

Appears in 1 contract

Samples: Springing Unconditional Guaranty (SFX Entertainment, INC)

Crediting of Monies Recovered. Any amounts recovered from Borrower the Credit Support Provider or any other Person after an Event of Default shall be applied by the Lender toward the payment of any interest and/or principal of the obligations of the Borrower under the Loan Documents and the Guaranteed Obligations and/or any other amounts due under the Loan Documents in such order, priority and proportions as the Lender in its sole discretion shall determine.determine.β€Œ

Appears in 1 contract

Samples: Credit Support Agreement

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Crediting of Monies Recovered. Any amounts recovered from Borrower or any other Person Guarantor after an Event of Default shall be applied by Lender toward the payment of any interest and/or principal of the Obligations and/or any other amounts due under the Loan Documents in such order, priority and proportions as Lender are set forth in its sole discretion shall determineSection 2.5(a).

Appears in 1 contract

Samples: Term Loan Agreement (Universal Insurance Holdings, Inc.)

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