Order of Application of Collections on Settlement Dates. Upon receipt by the Administrative Agent, on behalf of the Lenders, on any Settlement Date of Collections, the Administrative Agent shall distribute them in the following order of priority:
Appears in 4 contracts
Samples: Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc)
Order of Application of Collections on Settlement Dates. Upon receipt by the Administrative Agent, on behalf of the LendersPurchaser Parties, on any Settlement Date of Collections, the Administrative Agent shall distribute apply them in the following order of priority:
Appears in 1 contract
Samples: Receivables Purchase Agreement (Schneider National, Inc.)
