Common use of Pro-rata Application Clause in Contracts

Pro-rata Application. All payments or other sums received by W▇▇▇▇ Fargo and applied to the Revolving Notes shall be applied on a pro rata basis.

Appears in 1 contract

Sources: Credit and Security Agreement (Iridex Corp)

Pro-rata Application. All payments or other sums received by W▇▇▇▇▇ Fargo and applied to the Revolving Notes shall be applied on a pro rata basis.

Appears in 1 contract

Sources: Credit and Security Agreement (Capstone Turbine Corp)