Order of Application. (a) Payments and prepayments of the Obligation shall be applied in the order and manner specified in this Agreement; PROVIDED, HOWEVER, if no order is otherwise specified and no Default or Potential Default has occurred and is continuing, payments and prepayments of the Obligation shall be applied first to fees, second to accrued interest then due and payable on the Principal Debt, and then to the remaining Obligation in the order and manner as Borrower may direct.
Appears in 4 contracts
Samples: Credit Agreement (Dobson Sygnet Communications Co), 364 Day Revolving Credit and Term Loan Agreement (Dobson Communications Corp), Credit Agreement (Dobson Communications Corp)
Order of Application. (a) Payments and prepayments of the Obligation shall be applied in the order and manner specified in this Agreement; PROVIDEDprovided, HOWEVERhowever, if no order is otherwise specified and no Potential Default or Potential Event of Default has occurred and is continuingexists, payments and prepayments of the Obligation shall be applied first first, to fees, second second, to accrued interest then due and payable on the Total Principal Debt, and then to the remaining Obligation in the order and manner as Borrower may direct.
Appears in 4 contracts
Samples: Credit Agreement (Centex Development Co Lp), Credit and Reimbursement Agreement (Centex Development Co Lp), Credit Agreement (Centex Corp)
Order of Application. (a) Payments and prepayments of the Obligation shall be applied in the order and manner specified in this Agreement; PROVIDED, HOWEVER, if no order is otherwise specified and no Default or Potential Default has occurred and is continuing, payments and prepayments of the Obligation shall be applied first to fees, second to accrued interest then due and payable on the Principal Debt, third to the Principal Debt, and then to the remaining Obligation in the order and manner as Borrower may direct.
Appears in 1 contract
Samples: Revolving Credit Agreement (Logix Communications Enterprises Inc)
Order of Application. (a) Payments and prepayments of the Obligation shall be applied in the order and manner specified in this Agreement; PROVIDED, HOWEVER, if no order is otherwise specified and no Default or Potential Default has occurred and is continuing, payments and prepayments of the Obligation shall be applied first to feesfees then due and payable, second to accrued interest then due and payable on the Principal Debt, and then to the remaining Obligation obligation in the order and manner as Borrower Administrative Agent may directselect.
Appears in 1 contract
Samples: Revolving Credit Agreement (Integrated Orthopedics Inc)
Order of Application. (a) Payments and prepayments of the Obligation shall be applied in the order and manner specified in this Agreement; PROVIDEDprovided, HOWEVERhowever, if no order is otherwise specified and no Potential Default or Potential Event of Default has occurred and is continuingexists, payments and prepayments of the Obligation shall be applied first first, to fees, second second, to accrued interest then due and payable on the Total Principal Debt, and then to the remaining Obligation in the order and manner as Borrower may direct.. Credit Agreement
Appears in 1 contract
Samples: Credit Agreement (Centex Corp)
Order of Application. (aA) Payments and prepayments of the Obligation shall be applied (except as may be otherwise required by applicable Legal Requirements) in the order and manner specified in this Agreement; PROVIDEDprovided, HOWEVERhowever, if no order is otherwise specified and no Potential Default or Potential Event of Default has occurred and is continuingexists, payments and prepayments of the Obligation shall be applied first (except as may be otherwise required by applicable Legal Requirements) first, to fees, second second, to accrued interest then due and payable on the Total Principal Debt, and then to the remaining Obligation in the order and manner as Borrower may direct.
Appears in 1 contract
Order of Application. (a) Payments and prepayments of the Obligation shall be applied in the order and manner specified in this Agreement; PROVIDED, HOWEVER, if no order is otherwise specified and no Default or Potential Event of Default has occurred and is continuing, payments and prepayments of the Obligation shall be applied first to fees, second to accrued interest then due and THIRD AMENDED AND 28 RESTATED CREDIT AGREEMENT payable on the Principal Debtprincipal balance hereof, and then to the remaining Obligation in the order and manner as Borrower may direct.
Appears in 1 contract
Order of Application. (a) Payments a If no Default exists, then payments and prepayments of the Obligation shall be applied in the order and manner specified in this Agreement; PROVIDED, HOWEVER, if no order is otherwise specified and no Default or Potential Default has occurred and is continuing, payments and prepayments of the Obligation shall be applied first to fees, second to accrued interest then due and payable on the Principal Debt, and then to the remaining Obligation in the order and manner as Borrower may directdirect in writing.
Appears in 1 contract
Samples: Revolving Credit Agreement (Protection One Alarm Monitoring Inc)
