Common use of Determination of Balance of Revolving Loans Clause in Contracts

Determination of Balance of Revolving Loans. In determining the outstanding balance of the Revolving Loans, (i) available/collected funds received from the depository account for the benefit of Borrower in the Lender's account at Hxxxxx Bank, Account Name: Keltic Financial Partners, LP; Account No. 3000000, ABA #000000000 (or such other account as Lender may direct from time to time), before 2 p.m. Eastern Time of a Banking Day will be credited on that Banking Day, and thereafter on the following Banking Day, as follows: (A) First, to unpaid interest, (B) second to unpaid fees and expenses; (C) third to the outstanding principal balance of the Revolving Loan, and (D) fourth to all other Obligations in such order as Lender shall elect; (ii) any other form of funds received by Lender will be credited on the Banking Day when Lender has received notification that such funds are collected/available to Lender if before 2 p.m. (Eastern Time), and thereafter on the following Banking Day and will be applied in the manner set forth in clause (b)(i) above unless such funds are proceeds of the sale of equipment or real estate, in which event such funds will be applied first against Term Loan A until Term Loan A is paid in full, then against Term Loan B until Term Loan B is paid in full, then against the Revolving Loans in the manner set forth in clause (b)(i) above; (iii) all credits shall be conditional upon final payment to Lender in cash or solvent credits of the items giving rise to them and, if any item is not so paid, the amount of any credit given for it shall be charged to the balance of the Revolving Loan whether or not the item is returned; and (iv) for the purpose of computing interest on the Revolving Loan and other Obligations, interest shall continue to accrue on the amount of any payment credited to Borrower's Revolving Loan balance by Lender for a period of three (3) Banking Days after the date so credited.

Determination of Balance of Revolving Loans. In determining the outstanding balance of the Revolving Loans, (i) available/collected funds received from the depository account for the benefit of Borrower in the Lender's ’s account at Hxxxxx Bank, Account Name: Keltic Financial Partners, LP; Account No. 3000000, ABA #000000000 (or such other account as Lender may direct from time to time), before 2 p.m. Eastern Time of a Banking Day will be credited on that Banking Day, and thereafter on the following Banking Day, as follows: (A) First, to unpaid interest, (B) second to unpaid fees and expenses; (C) third to the outstanding principal balance of the Revolving Loan, and (D) fourth to all other Obligations in such order as Lender shall elect; (ii) any other form of funds received by Lender will be credited on the Banking Day when Lender has received notification that such funds are collected/available to Lender if before 2 p.m. (Eastern Time), and thereafter on the following Banking Day and will be applied in the manner set forth in clause (b)(i) above unless such funds are proceeds of the sale of equipment or real estate, in which event such funds will be applied first against Term Loan A until Term Loan A is paid in full, then against Term Loan B until Term Loan B is paid in full, then against the Revolving Loans in the manner set forth in clause (b)(i) above; (iii) all credits shall be conditional upon final payment to Lender in cash or solvent credits of the items giving rise to them and, if any item is not so paid, the amount of any credit given for it shall be charged to the balance of the Revolving Loan whether or not the item is returned; and (iv) for the purpose of computing interest on the Revolving Loan and other Obligations, interest shall continue to accrue on the amount of any payment credited to Borrower's ’s Revolving Loan balance by Lender for a period of three (3) Banking Days after the date so credited.

Determination of Balance of Revolving Loans. In determining the outstanding balance of the Revolving Loans, (i) available/collected funds received transferred from the depository account for the benefit of Borrower in Blocked Account to the Lender's account at Hxxxxx Fleet Bank, Account Name: Keltic Financial Partners, LP; Account No. 30000009428395438, ABA #000000000 (or such other account as Lender may direct from time to time), before 2 p.m. Eastern Time of a Banking Business Day will be credited on that the second (2nd) Banking Day after such Banking Day, and thereafter on the following Banking Day, as follows: : (Aa) Firstfirst, to unpaid interest, (B) second to unpaid fees and expenses; (C) third to the outstanding principal balance of the Revolving Loan, and (Db) fourth second, to all other Obligations in such order as Lender shall elect; (ii) any other form of funds received by Lender will be credited on the Banking Day when Lender has received notification that such funds are collected/collected and available to Lender if before 2 p.m. (Eastern Time), and thereafter on the following Banking Day and will be applied in the manner set forth in clause (b)(i) above unless such funds are proceeds of the sale of equipment or real estate, in which event such funds will be applied first against Term Loan A until Term Loan A is paid in full, then against Term Loan B until Term Loan B is paid in full, then against the Revolving Loans in the manner set forth in clause (b)(i) aboveDay; (iii) all credits shall be conditional upon final payment to Lender in cash or solvent credits of the items giving rise to them and, if any item is not so paid, the amount of any credit given for it shall be charged to the balance of the Revolving Loan Loans whether or not the item is returned; and (iv) for the purpose of computing interest on the Revolving Loan Loans and other Obligations, interest shall continue to accrue on the amount of any payment credited to either Borrower's Revolving Loan balance by Lender for a period of three two (32) Banking Days calendar days after the date so credited. Subject to Lender's rights, as set forth in Section 16, as soon as available payment is received by Lender with respect to all credits, if there are no outstanding Obligations hereunder, then Lender in accordance with and subject to applicable law, will transfer upon Borrowers' written request the funds on deposit in the Blocked Account to Borrowers' operating account.

Determination of Balance of Revolving Loans. In determining the outstanding balance of the Revolving Loans, (i) available/collected funds received transferred from the depository account for the benefit of Borrower in Blocked Account to the Lender's account at Hxxxxx Fleet Bank, Account Name: Keltic Financial Partners, LP; Account No. 30000009428395446, ABA #000000000 (or such other account as Lender may direct from time to time), before 2 p.m. Eastern Time of a Banking Business Day will be credited on that the second (2nd) Banking Day after such Banking Day, and thereafter on the following Banking Day, as follows: : (Aa) Firstfirst, to unpaid interest, (B) second to unpaid fees and expenses; (C) third to the outstanding principal balance of the Revolving Loan, and (Db) fourth second, to all other Obligations in such order as Lender shall elect; (ii) any other form of funds received by Lender will be credited on the Banking Day when Lender has received notification that such funds are collected/collected and available to Lender if before 2 p.m. (Eastern Time), and thereafter on the following Banking Day and will be applied in the manner set forth in clause (b)(i) above unless such funds are proceeds of the sale of equipment or real estate, in which event such funds will be applied first against Term Loan A until Term Loan A is paid in full, then against Term Loan B until Term Loan B is paid in full, then against the Revolving Loans in the manner set forth in clause (b)(i) aboveDay; (iii) all credits shall be conditional upon final payment to Lender in cash or solvent credits of the items giving rise to them and, if any item is not so paid, the amount of any credit given for it shall be charged to the balance of the Revolving Loan Loans whether or not the item is returned; and (iv) for the purpose of computing interest on the Revolving Loan Loans and other Obligations, interest shall continue to accrue on the amount of any payment credited to a Borrower's Revolving Loan balance by Lender for a period of three two (32) Banking Days after the date so credited. Subject to Lender's right, as set forth in Section 16.2, as soon as available payment is received by Lender with respect to all credits, if there are no outstanding Obligations hereunder, then Lender in accordance with and subject to applicable law, will transfer upon Borrower's written request the funds on deposit in the Blocked Account to Borrower's operating account.

Determination of Balance of Revolving Loans. In determining the outstanding balance of the Revolving Loans, (i) available/collected available funds received from the depository account for the benefit of Borrower Blocked Account in the Lender's account at Hxxxxx BankFleet Bank Ct, Account Name: Keltic Financial Partners, LP/f/b/o Fleet Capital Corp.; Account No. 30000009428395446, ABA #000000000 # 000000000, ref: AFP Imaging (or such other account as Lender may direct from time to time), before 2 p.m. Eastern Time of a Banking Business Day will be credited on that Banking Day, and thereafter on the following Banking Day, as follows: : (Aa) Firstfirst, to unpaid interest, (B) second to unpaid fees and expenses; (C) third to the outstanding principal balance of the Revolving Loan, and (Db) fourth second, to all other Obligations in such order as Lender shall elect; (ii) any other form of funds received by Lender will be credited on the Banking Day when Lender has received notification that such funds are collected/collected and available to Lender if before 2 p.m. (Eastern Time), and thereafter on the following Banking Day and will be applied in the manner set forth in clause (b)(i) above unless such funds are proceeds of the sale of equipment or real estate, in which event such funds will be applied first against Term Loan A until Term Loan A is paid in full, then against Term Loan B until Term Loan B is paid in full, then against the Revolving Loans in the manner set forth in clause (b)(i) aboveDay; (iii) all credits shall be conditional upon final payment to Lender in cash or solvent credits of the items giving rise to them and, if any item is not so paid, the amount of any credit given for it shall be charged to the balance of the Revolving Loan whether or not the item is returned; and (iv) for the purpose of computing interest on the Revolving Loan and other Obligations, interest shall continue to accrue on the amount of any payment credited to Borrower's a the Revolving Loan balance by Lender for a period of three two (32) Banking Days after the date so credited. In the event Lender receives the proceeds of any life insurance policies that are assigned to Lender, such proceeds shall be applied to the Obligations.

Determination of Balance of Revolving Loans. In determining the outstanding balance of the Revolving Loans, (i) available/collected funds received from the depository account for the benefit of Borrower in the Lender's account at Hxxxxx Fleet Bank, Account Name: F.A. CT (Keltic Financial Partners, LP; Account No. 3000000, L.P. f/b/o Fleet Capital Corp.) account number 9428395446 ABA #000000000 (or such other account as Lender may direct from time to time), before 2 p.m. Eastern Time of a Banking Day will be credited on that Banking Day, and thereafter on the following Banking Day, as follows: (A) First, to unpaid interest, (B) second to unpaid fees and expenses; (C) third to the outstanding principal balance of the Revolving Loan, and (D) fourth to all other Obligations in such order as Lender shall elect; (ii) any other form of funds received by Lender will be credited on the Banking Day when Lender has received notification that such funds are collected/available to Lender if before 2 p.m. (Eastern Time), and thereafter on the following Banking Day and will be applied in the manner set forth in clause (b)(i) above unless such funds are proceeds of the sale of equipment or real estate, in which event such funds will be applied first against Term Loan A until Term Loan A is paid in full, then against Term Loan B until Term Loan B is paid in full, then against the Revolving Loans in the manner set forth in clause (b)(i) aboveDay; (iii) all credits shall be conditional upon final payment to Lender in cash or solvent credits of the items giving rise to them and, if any item is not so paid, the amount of any credit given for it shall be charged to the balance of the Revolving Loan whether or not the item is returned; and (iv) for the purpose of computing interest on the Revolving Loan and other Obligations, interest shall continue to accrue on the amount of any payment credited to Borrower's Revolving Loan balance by Lender for a period of three (3) Banking Days after the date so credited.