Common use of Application of Earnings Clause in Contracts

Application of Earnings. Except as expressly contemplated in Section 4.3(e) of the Contribution Agreement, pay all available funds toward repayment of the Working Capital Note and any Development Facility Notes, regardless of whether payment of such amounts exceeds the minimum required payments under the Working Capital Note and the Development Facility Notes. -----------------------

Appears in 2 contracts

Sources: Loan Agreement (Prime Medical Services Inc /Tx/), Contribution Agreement (Prime Medical Services Inc /Tx/)

Application of Earnings. Except as expressly contemplated in Section 4.3(e) of the Contribution Agreement, pay all available funds toward repayment of the Working Capital Note and any Development Facility Notes, regardless of whether payment of such amounts exceeds the minimum required payments under the Working Capital Note and the Development Facility Notes. -----------------------.

Appears in 1 contract

Sources: Loan Agreement (Prime Medical Services Inc /Tx/)