Application of Payments after Acceleration. Any sum received by the Agent or the US Agent at any time after a declaration of acceleration under Section 9.2 or the Obligations becoming due and payable under Section 9.3 shall, notwithstanding Section 2.23, be applied first to pay any fees or expenses incurred by the Agent and the US Agent in connection with the administration and enforcement of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (West Fraser Timber Co., LTD), Credit Agreement (West Fraser Timber Co., LTD)