Common use of Application of Revenues Clause in Contracts

Application of Revenues. After a default hereunder has occurred and for so long as it continues, all Revenues from time to time paid to the Agent shall be applied by it toward the payment of all secured indebtedness (principal, interest, attorneys’ fees and other fees and expenses) at such times and in such manner and order as is provided in the Credit Agreement.

Appears in 2 contracts

Sources: Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (Quest Resource Corp), Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (Quest Resource Corp)