Payment Application. Borrower acknowledges that one or more Guaranties have been entered into which guarantee a portion of the Indebtedness under the Note. Upon partial satisfaction of the Indebtedness, Borrower expressly waives any right to designate the portion of the Indebtedness that is satisfied by such payment.
Appears in 3 contracts
Sources: Master Revolving Note, Master Revolving Note (Northern Power Systems Corp.), Master Revolving Note (Northern Power Systems Corp.)