Common use of Payments Prior to Acceleration Clause in Contracts

Payments Prior to Acceleration. Prior to the acceleration of the Obligations under Section 8.2 hereof, and other than with respect to payments required to be made pursuant to Section 2.6 hereof (which shall be applied as set forth in Section 2.6 hereof), if some but less than all amounts due and payable from the Borrower are received by the Agent, the Agent shall distribute such amounts in the following order of priority: FIRST, to the payment of interest then due and payable on the Swing Loans, the Revolving Loans and the Term Loans; SECOND, to the payment of principal then due and payable on the Swing Loans; THIRD, to the payment of principal then due and payable on the Tranche A Loan; FOURTH, to the payment of principal then due and payable on the Tranche B Loan; FIFTH, to the payment of principal then due and payable on the Revolving Loans; SIXTH, to the payment of any fees then due and payable to the Agent hereunder or under any other Loan Document; SEVENTH, to the payment of any fees then due and payable to the Lenders and the Issuing Banks hereunder or under any other Loan Documents; EIGHTH, to the extent of any Letter of Credit Obligations then outstanding, to the Letter of Credit Reserve Account; NINTH, to the payment of all other Obligations not otherwise referred to in this Section 2.11(a) then due and payable hereunder or under the other Loan Documents; and TENTH, to the costs and expenses (including attorneys’ fees and expenses), if any, incurred by the Agent in the collection of such amounts under this Agreement or any of the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, Inc.)

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Payments Prior to Acceleration. Prior to the acceleration of the Obligations under Section 8.2 hereof, and other than with respect to payments required to be made pursuant to Section 2.6 2.6(c) hereof (which shall be applied as set forth in Section 2.6 2.6(c) hereof), if some but less than all amounts due and payable from the Borrower are received by the Agent, the Agent shall distribute such amounts in the following order of priority: FIRST, to the payment of interest then due and payable on the Swing Loans, the Revolving Loans and the Term LoansLoan; SECOND, to the payment of principal then due and payable on the Swing Loans; , THIRD, to the payment of principal then due and payable on the Tranche A Loan; FOURTH, to the payment of principal then due and payable on the Tranche B Loan; FIFTH, to the payment of principal then due and payable on the Revolving Loans; SIXTHFOURTH, to the payment of principal then due and payable under Section 2.6(b) on the Term Loan; FIFTH, to the payment of any fees then due and payable to the Agent hereunder or under any other Loan Document; SEVENTHSIXTH, to the payment of any fees then due and payable to the Lenders and the Issuing Banks hereunder or under any other Loan Documents; EIGHTHSEVENTH, to the extent of any Letter of Credit Obligations then outstanding, to the Letter of Credit Reserve Account; NINTHEIGHTH, to the payment of all other Obligations not otherwise referred to in this Section 2.11(a) then due and payable hereunder or under the other Loan Documents; and TENTHNINTH, to the costs and expenses (including attorneys' fees and expenses), if any, incurred by the Agent in the collection of such amounts under this Agreement or any of the other Loan Documents.. (b)

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

Payments Prior to Acceleration. Prior to the acceleration of the Obligations under Section 8.2 hereof, and other than with respect to payments required to be made pursuant to Section 2.6 hereof (which shall be applied as set forth in Section 2.6 hereof), if some but less than all amounts due and payable from the Borrower are received by the Agent, the Agent shall distribute such amounts in the following order of priority: FIRST, to the payment of interest then due and payable on the Swing Loans, the Revolving Loans and the Term LoansLoan; SECOND, to the payment of principal then due and payable on the Swing Loans; THIRD, to the payment of principal then due and payable on the Tranche A Loan; FOURTH, to the payment of principal then due and payable on the Tranche B Loan; FIFTH, to the payment of principal then due and payable on the Revolving Loans; SIXTHFIFTH, to the payment of any fees then due and payable to the Agent hereunder or under any other Loan Document; SEVENTHSIXTH, to the payment of any fees then due and payable to the Lenders and the Issuing Banks hereunder or under any other Loan Documents; EIGHTHSEVENTH, to the extent of any Letter of Credit Obligations then outstanding, to the Letter of Credit Reserve Account; NINTHEIGHTH, to the payment of all other Obligations not otherwise referred to in this Section 2.11(a) then due and payable hereunder or under the other Loan Documents; and TENTHNINTH, to the costs and expenses (including attorneys’ fees and expenses), if any, incurred by the Agent in the collection of such amounts under this Agreement or any of the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, Inc.)

Payments Prior to Acceleration. Prior to the acceleration of the Obligations Loans under Section SECTION 8.2 hereof, and other than with respect to payments required to be made pursuant to Section 2.6 SECTION 2.7 hereof (which shall be applied as set forth in Section 2.6 SECTION 2.7 hereof), if some but less than all amounts due and payable from the Borrower Co-Borrowers are received by the Agent, the Agent shall distribute such amounts in the following order of priority: FIRST, to the payment of interest then due and payable on the Swing Loans, the Revolving Loans and the Term Loans; SECOND, to the payment of principal then due and payable on the Swing Loans; THIRD, to the payment of principal then due and payable on the Tranche A Loan; FOURTH, to the payment of principal then due and payable on the Tranche B Loan; FIFTH, to the payment of principal then due and payable on the Revolving Loans; SIXTH, to the payment of any fees then due and payable to the Agent hereunder or under any other Loan Document; SEVENTHFOURTH, to the payment of any fees then due and payable to the Lenders and Banks or the Issuing Banks Bank hereunder or under any other Loan DocumentsDocument; EIGHTHFIFTH, to the extent of any Letter of Credit Obligations then outstanding, to the Letter of Credit Reserve Account; NINTHSIXTH, to the payment of all other Obligations not otherwise referred to in this Section 2.11(a) then due actual and payable hereunder or under the other Loan Documents; and TENTH, to the reasonable costs and expenses (including attorneys' fees and expenses), if any, incurred by the Agent in the collection of such amounts under this Agreement or any of the other Loan Documents; SEVENTH, to the payment of all other Obligations not otherwise referred to in this SECTION 2.12(a) then due and payable hereunder or under the other Loan Documents; and EIGHTH, upon satisfaction in full of all outstanding monetary Obligations, to the Co-Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Housecall Medical Resources Inc)

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Payments Prior to Acceleration. Prior to the acceleration of the Obligations under Section 8.2 hereof, and other than with respect to payments required to be made pursuant to Section 2.6 2.6(c) hereof (which shall be applied as set forth in Section 2.6 2.6(c) hereof), if some but less than all amounts due and payable from the Borrower are received by the Agent, the Agent shall distribute such amounts in the following order of priority: FIRST, to the payment of interest then due and payable on the Swing Loans, the Revolving Loans and the Term Revolving Loans; SECOND, to the payment of principal then due and payable on the Swing Loans; , THIRD, to the payment of principal then due and payable on the Tranche A Loan; FOURTH, to the payment of principal then due and payable on the Tranche B Loan; FIFTH, to the payment of principal then due and payable on the Revolving Loans; SIXTHFOURTH, to the payment of any fees then due and payable to the Agent hereunder or under any other Loan Document; SEVENTHFIFTH, to the payment of any fees then due and payable to the Lenders and the Issuing Banks hereunder or under any other Loan Documents; EIGHTHSIXTH, to the extent of any Letter of Credit Obligations then outstanding, to the Letter of Credit Reserve Account; NINTHSEVENTH, to the payment of all other Obligations not otherwise referred to in this Section 2.11(a) then due and payable hereunder or under the other Loan Documents; and TENTHEIGHTH, to the costs and expenses (including attorneys' fees and expenses), if any, incurred by the Agent in the collection of such amounts under this Agreement or any of the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

Payments Prior to Acceleration. Prior to the acceleration of the Obligations Loans under Section 8.2 hereof, and other than with respect to payments required to be made pursuant to Section 2.6 2.7 hereof (which shall be applied as set forth in Section 2.6 2.7 hereof), if some but less than all amounts due and payable from the Borrower Co-Borrowers are received by the Agent, the Agent shall distribute such amounts in the following order of priority: FIRST, to the payment of interest then due and payable on the Swing Loans, the Revolving Loans and the Term Loans; SECOND, to the payment of principal then due and payable on the Swing LoansTerm Loan; THIRD, to the payment of principal then due and payable on the Tranche A Loan; FOURTH, to the payment of principal then due and payable on the Tranche B Loan; FIFTH, to the payment of principal then due and payable on the Revolving Loans; SIXTH, FOURTH, to the payment of any fees then due and payable to the Agent hereunder or under any other Loan Document; SEVENTHFIFTH, to the payment of any fees then due and payable to the Lenders and Banks or the Issuing Banks Bank hereunder or under any other Loan DocumentsDocument; EIGHTHSIXTH, to the extent of any Letter of Credit Obligations then outstanding, to the Letter of Credit Reserve Account; NINTHSEVENTH, to the payment of all other Obligations not otherwise referred to in this Section 2.11(a) then due actual and payable hereunder or under the other Loan Documents; and TENTH, to the reasonable costs and expenses (including attorneys' fees and expenses), if any, incurred by the Agent in the collection of such amounts under this Agreement or any of the other Loan Documents; EIGHTH, to the payment of all other Obligations not otherwise referred to in this Section 2.12(a) then due and payable hereunder or under the other Loan Documents; and NINTH, upon satisfaction in full of all outstanding monetary Obligations, to the Co-Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Housecall Medical Resources Inc)

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