Example ContractsClauseserroneous applicationIdentical
Erroneous Application
Erroneous Application contract clause examples

The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other Loan Party for the purpose of making such Erroneous Payment.

Amended and Restated Credit Agreement
Source: SEC EDGAR database • Date: August 6, 2021 • SIC: 8742 • CIK: 8742

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