Common use of Variation of order of application Clause in Contracts

Variation of order of application. The Lender, by notice to the Borrower, the Security Parties provide for a different manner of application from that set out in Clause 17.1 (Normal order of application ) (but not, for the avoidance of doubt, that set out in Clause Error! Reference source not found. (Application by a ny covered bond Lender)) either as regards a specified sum or sums or as regards sums in a specified category or categories.

Appears in 2 contracts

Sources: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)