Example ContractsClausescash dominion eventVariants
Cash Dominion Event
Cash Dominion Event contract clause examples

In the absence of a Cash Dominion Event or an Event of Default, all payments made hereunder by Borrowers shall be applied by the Administrative Agent to the Obligations in such order of application as set forth in [Section 2.05(i)].

Source document

All payments to be made hereunder by Borrowers shall be remitted to Administrative Agent from and all such payments, and all proceeds of Collateral received by Administrative Agent, shall be applied, so long as a Cash Dominion Event (other than as a result of a Specified Event of Default) has occurred and is continuing, as follows:

Source document

SECTION # Application of Payments. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to [Section 2.20], be applied by the Administrative Agent as follows:

Source document

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