Post Default Order of Application of Funds. Following the occurrence and continuation of an Event of Default, all payments from the Borrower to the Lenders in respect of the obligations under this Agreement shall be applied to such obligations in the order set forth in the Security Agreement.
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Samples: Credit Agreement (FS Global Credit Opportunities Fund), Credit Agreement (FS Global Credit Opportunities Fund-D), Credit Agreement (American Capital, LTD)
Post Default Order of Application of Funds. Following the occurrence and continuation of an Event of Default, all payments from the Borrower to the Lenders Lender in respect of the obligations under this Agreement shall be applied to such obligations in the order set forth in the Security Agreement.
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