Application of Payments and Collections. Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by Lender from or on behalf of Borrower, and Borrower does hereby irrevocably agree that Lender shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Lender or its agent against the Obligations, in such manner as Lender may deem advisable, notwithstanding any entry by Lender upon any of its books and records.
Appears in 2 contracts
Sources: Loan and Security Agreement (Simione Central Holdings Inc), Loan Agreement (Inbrand Corp)
Application of Payments and Collections. Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by Lender from or on behalf of Borrower, and Borrower does hereby irrevocably agree agrees that Lender shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Lender or its agent against the Obligations, in such manner as Lender may deem advisable, notwithstanding any entry by Lender upon any of its books and records.
Appears in 2 contracts
Sources: Term Loan Agreement (Home Federal Holdings CORP), Loan Agreement (Home Federal Holdings CORP)
Application of Payments and Collections. Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by Lender from or on behalf of Borrower, and Borrower does hereby irrevocably agree agrees that Lender shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Lender or its agent against the Obligations, Liabilities in such manner as Lender may deem advisableappropriate, notwithstanding any entry by Lender upon any of its books and records.and
Appears in 1 contract
Sources: Revolving Loan and Security Agreement (Tro Learning Inc)
Application of Payments and Collections. The Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by the Lender from or on behalf of Borrower, the Borrower and Borrower does hereby irrevocably agree agrees that the Lender shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Lender or its agent against the Obligations, in such manner as the Lender may deem advisable, notwithstanding any entry by Lender upon any of its books and records.
Appears in 1 contract
Sources: Loan Agreement (DPW Holdings, Inc.)
Application of Payments and Collections. Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by Lender from or on behalf of Borrower, and Borrower does hereby irrevocably agree agrees that Lender shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Lender or its agent against the Obligations, in such manner as Lender may deem advisable, notwithstanding any entry by Lender upon any of its books and records.collec-
Appears in 1 contract
Application of Payments and Collections. Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by Lender from or on behalf of Borrower, and Borrower does hereby irrevocably agree agrees that Lender shall will have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Lender or its agent against the ObligationsLiabilities, in such manner as Lender may deem advisable, notwithstanding any entry by Lender upon any of its books and records.
Appears in 1 contract