Payment Priorities. If the Collateral Agent receives any proceeds of Collateral, the Collateral Agent shall deliver such proceeds to the Trustee for application in accordance with Section 6.10 of the Base Indenture.
Payment Priorities. If at any time the Project Funds from the Project is not sufficient to pay the bills and charges incurred with respect to the Project, Manager shall give notice thereof to Owner as provided in Section 6.4 and Owner shall provide additional funds pursuant to Section 6.3.
Payment Priorities. If the Borrower consummates a Qualified Capital Markets Transaction, the parties hereto agree that the proceeds from such transaction shall be applied as follows: FIRST, to all accrued and unpaid interest on the LIFO Loans, on a PRO RATA basis; SECOND, to the outstanding principal installments of the LIFO Loans on a PRO RATA basis; THIRD, in accordance with Section 4.5(c)(vi) of the Senior Credit Agreement; and fOURTH, to the extent of any excess, to the payment of any interest, principal and premium (if any) on the Rollover Loans and any other amounts outstanding under the Loan Documents.
Payment Priorities. On each Payment Date (or as otherwise provided herein), provided no Event of Default has occurred and is continuing (and subject to any other conditions to disbursement provided herein), Lender shall disburse amounts from the Cash Management Account, to the extent funds are available therein, to make the following payments in the following order of priority:
Payment Priorities. The Revolver B Loans and all Obligations related thereto shall be entitled to repayment prior to all other Indebtedness of the Borrower and its Subsidiaries; provided that, as long as no Default or Unmatured Default has occurred and is continuing, Borrower and its Subsidiaries shall be permitted to (i) make payments on each Payment Date in amounts sufficient to pay accrued interest then due and payable with respect to the Revolving Loans and the Term Loan contemporaneously with payment in full of accrued interest then due and payable with respect to the Revolving B Loans, and (ii) make quarterly installment payments with respect to the Term Loan as required pursuant to Section 2.2., in each case, without first repaying all Obligations related to the Revolver B Loans.
Payment Priorities
