Application of Amounts Received Sample Clauses
The 'Application of Amounts Received' clause defines how any payments or funds received under the agreement are to be allocated or distributed among the parties or towards specific obligations. In practice, this clause may specify the order in which payments are applied, such as first to outstanding interest, then to principal, and finally to fees or other charges. By clearly outlining the sequence and purpose for which received amounts are used, this clause ensures transparency and prevents disputes over payment allocation, thereby facilitating smooth financial administration of the contract.
Application of Amounts Received. Any amounts received by Landlord from whatsoever source on account of any Liabilities may be applied by Landlord toward the payment of such Liabilities, and in such order of application, as Landlord may from time to time elect.
Application of Amounts Received. The proceeds of or any other amount from time to time received by the Agent or the Receiver will be applied as follows: first, to the payment in full of all reasonable fees of the Agent and all out-of-pocket costs, fees and expenses (including, without limitation, reasonable legal fees on a solicitor and his own client full indemnity basis) incurred by the Agent and any Receiver or other enforcement agent appointed by the Agent or a court of competent jurisdiction, as the case may be, in connection with the collection or enforcement of the Principal Sum owed to the Lenders, the enforcement of the Security Interest or the preservation of the Collateral; second, in payment to the Agent of the Principal Sum and other amounts payable hereunder; and third, the balance, if any, will be paid, subject to applicable Law, to the Debtor.
Application of Amounts Received. Payments received shall be applied in the following order: (1) late rental charges, (2) past due rent, beginning with the oldest amount due,
Application of Amounts Received. Subject to applicable law, Purchaser reserves the right to apply any amounts received from Seller to any fees or other charges due to Purchaser from Seller prior to applying such amounts to reduce the undelivered balance of Purchased Amount.
Application of Amounts Received. Any amounts received by Lender from whatsoever source on account of the Guarantor's Obligations shall be applied by Lender toward the payment of the Guarantor's Obligations in such order of application, as Lender may from time to time elect.
Application of Amounts Received. Any amounts received by Lender from whatever source on account of the Secured Obligations may be applied by Lender toward the payment of the Guaranteed Obligations, and in such order of application, as Lender may from time to time elect, in accordance with the provisions of the Loan Documents. Notwithstanding the foregoing, any amounts received by Lender from whatever source on account of the Guaranteed Obligations shall be applied by Lender toward the payment of the Guaranteed Obligations (provided that in no event shall lender’s receipt and application of NOI or Unit Release Payments be considered received on account of or applied to the Guaranteed Obligations), and in such order of application, as Lender may from time to time elect, in accordance with the provisions of the Loan Documents.
Application of Amounts Received. Landlord may elect, in ▇▇▇▇▇▇▇▇’s sole discretion, to apply amounts received hereunder to the obligations of Tenant incurred in any order, provided that the application of amounts received to obligations of Tenant shall not constitute a waiver of any obligations of Tenant incurred prior to the obligations satisfied by such application.
Application of Amounts Received. Any amounts received by Administrative Agent or any Lender from any source on account of the Facility Loans may be utilized by Administrative Agent for the payment of the Program Debt in such order as Administrative Agent may from time to time elect, subject to the terms of the Facility Loan Documents. Additionally, if the Guaranteed Obligations are less than the full amount of the Program Debt, all rents, proceeds and avails of the Property (as applicable), and all proceeds of realization of the Collateral, shall be deemed applied to the Program Debt that is not guaranteed by Guarantor until such unguaranteed Program Debt has been fully repaid before being applied to the Guaranteed Obligations.
Application of Amounts Received. Any amounts received by Lender from whatever source on account of the Secured Obligations may be applied by Lender toward the payment of the Secured Obligations, and in such order of application, as Lender may from time to time elect, in accordance with the provisions of the Loan Documents.
Application of Amounts Received. Any amounts received by Estate from whatsoever source on account of any Indebtedness may be applied by Estate to the payment of such Indebtedness, and in such order or application, as Estate may from time to time elect. Notwithstanding any payments made by or for the account of Guarantor on account of the Indebtedness, such Guarantor shall not be subrogated to any rights of Estate until such time as Estate shall have received payment of the full amount of all Indebtedness and the Obligations shall have been performed to Estate's satisfaction.