Example ContractsClausesinsufficient sharesIdentical
Insufficient Shares
Insufficient Shares contract clause examples

Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied # first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and # second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties.

Approach Resources Inc (AREXQ) (CIK 0001405073)
Source: SEC EDGAR database • Date: December 18, 2019 • SIC: 1311 • CIK: 1311
Cars.com Inc. (CARS) (CIK 0001683606)
Source: SEC EDGAR database • Date: October 30, 2020 • SIC: 7374 • CIK: 7374

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