Common use of Application of Amounts in Collateral Account Clause in Contracts

Application of Amounts in Collateral Account. The balance from time to time in the Collateral Account shall constitute part of the Pledged Collateral hereunder and shall not constitute payment of the Secured Obligations until applied as hereinafter provided. So long as no Event of Default has occurred and is continuing or will result therefrom, the Collateral Agent shall within two Business Days of receiving a request of such Pledgor for release of cash proceeds from the Collateral Account remit the cash proceeds on deposit in the Collateral Account to or upon the order of such Pledgor, in periodic installments, if applicable, so long as such Pledgor has with respect to any Pledged Collateral, satisfied the conditions relating thereto set forth in Section 4.17(vii) hereof. At any time following the occurrence and during the continuance of an Event of Default, the Collateral Agent may (and, if instructed by the Lenders as specified in the Credit Agreement, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time outstanding to the credit of the Collateral Account to the payment of the Secured Obligations in the manner specified in Article XI hereof subject, however, in the case of amounts deposited in the L/C Sub-Account, to the provisions of Section 8.3 hereof. The balance from time to time in the Collateral Account shall be subject to withdrawal only as provided herein.

Application of Amounts in Collateral Account. The balance from time to time in the Collateral Account shall constitute part of the Pledged Collateral hereunder and shall not constitute payment of the Secured Obligations until applied as hereinafter provided. So long as no Event of Default has occurred and is continuing or will result therefrom, the Collateral Administrative Agent shall within two Business Days of receiving a request of such Pledgor for release of cash proceeds from the Collateral Account remit the cash proceeds on deposit in collected balance outstanding to the credit of the Collateral Account to or upon the order of such the respective Pledgor, in periodic installments, if applicable, so long within two Business Days of (i) submission of reasonable evidence that such amount is to be applied as such Pledgor has permitted by Section 2.7(b) of the Credit Agreement and (ii) with respect to any Pledged Collateralcash proceeds on deposit in the Collateral Account relating to any Real Property that is subject to a Mortgage, satisfied satisfaction of the conditions relating thereto set forth in Section 4.17(vii) hereofsuch Mortgage. At any time following the occurrence and during the continuance of an Event of Default, however, the Collateral Administrative Agent may (and, if instructed by the Lenders as specified in the Credit Agreement, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time outstanding to the credit of the Collateral Account to the payment of the Secured Obligations in the manner specified in Article XI Section 13 hereof subject, however, in the case of amounts deposited in the L/C Letter of Credit Liabilities Sub-Account, to the provisions of Section 8.3 subsection 9(h) hereof). The balance from time to time in the Collateral Account shall be subject to withdrawal only as provided herein.

Application of Amounts in Collateral Account. The balance from time to time in the Collateral Account shall constitute part of the Pledged Collateral hereunder and shall not constitute payment of the Secured Obligations until applied as hereinafter provided. So long as no Event of Default has occurred and is continuing or will result therefrom, the Collateral Agent shall within two Business Days of receiving a request of such Pledgor for release of cash proceeds from the Collateral Account constituting Net Cash Proceeds relating to any Casualty Event or Asset Sale, remit the cash proceeds on deposit in the Collateral Account to or upon the order of such Pledgor, in periodic installments, if applicable, so long as such Pledgor has with respect to any Pledged Collateral, satisfied the conditions relating thereto set forth in Section 4.17(vii) hereof7.1(iv). At any time following the occurrence and during the continuance of an Event of Default, the Collateral Agent may (and, if instructed by the Lenders as specified in the Credit Agreement, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time outstanding to the credit of the Collateral Account to the payment of the Secured Obligations in the manner specified in Article XI X hereof subject, however, in the case of amounts deposited in the L/C Sub-Account, to the provisions of Section 8.3 7.2 hereof. The balance from time to time in the Collateral Account shall be subject to withdrawal only as provided herein.

Application of Amounts in Collateral Account. The balance from time to time in the Collateral Account shall constitute part of the Pledged Collateral hereunder and shall not constitute payment of the Secured Obligations until applied as hereinafter provided. So long as no Event of Default has occurred and is continuing or will result therefrom, the Collateral Administrative Agent shall within two Business Days of receiving a request of such Pledgor for release of cash proceeds from the Collateral Account remit the cash proceeds on deposit in collected balance outstanding to the credit of the Collateral Account to or upon the order of such the respective Pledgor, in periodic installments, if applicable, so long upon submission of reasonable evidence that such amount is to be applied as such Pledgor has with permitted by Section 2.10(a) of the Credit Agreement; provided that any amounts deposited in the Collateral Account in respect of prepayments or reductions of Loans or Commitments under Section 2.10(a) of the Credit Agreement which are to any Pledged Collateral, satisfied the conditions relating thereto set forth be applied to LIBOR Loans as provided in Section 4.17(vii2.10(b) hereofof the Credit Agreement shall be held by the Administrative Agent until the end of the respective Interest Periods of such LIBOR Loans at which time, whether or not an Event of Default has occurred, the Administrative Agent shall cause such monies to be applied to such LIBOR Loans. At However, at any time following the occurrence and during the continuance of an Event of Default, the Collateral Administrative Agent may (and, if instructed by the Lenders as specified in the Credit Agreement, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time outstanding to the credit of in the Collateral Account to the payment of the Secured Obligations in the manner specified in Article XI hereof subject, however, in the case of amounts deposited in the L/C Sub-Account, to the provisions of Section 8.3 14 hereof. The balance from time to time in the Collateral Account shall be subject to withdrawal only as provided herein.

Application of Amounts in Collateral Account. The balance from time to time in the Collateral Account shall constitute part of the Pledged Collateral hereunder and shall not constitute payment of the Secured Obligations until applied as hereinafter provided. So long as no Event of Default has occurred and is continuing or will result therefrom, the Collateral Administrative Agent shall within two Business Days of receiving a request of such Pledgor for release of cash proceeds from the Collateral Account remit the cash proceeds on deposit in collected balance outstanding to the credit of the Collateral Account to or upon the order of such the respective Pledgor, in periodic installments, if applicable, so long within two Business Days of (i) submission of reason- able evidence that such amount is to be applied as such Pledgor has permitted by SECTION 2.10(A) of the Credit Agreement and (ii) with respect to any Pledged Collateralcash proceeds on deposit in the Collateral Account relating to any Real Property that is subject to a Mortgage, satisfied satisfaction of the conditions relating thereto set forth in Section 4.17(vii) hereofsuch Mortgage. At any time following the occurrence and during the continuance of an Event of Default, the Collateral however, Administrative Agent may (and, if instructed by the Lenders as specified in the Credit Agreement, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time outstanding to the credit of the Collateral Account to the payment of the Secured Obligations in the manner specified in Article XI SECTION 13 hereof subject, however, in the case of amounts deposited in the L/C Letter of Credit Liabilities Sub-Account, to the provisions of Section 8.3 SUBSECTION 9(H) hereof). The balance from time to time in the Collateral Account shall be subject to withdrawal only as provided herein.

Application of Amounts in Collateral Account. The balance from time to time in the Collateral Account shall constitute part of the Pledged Collateral hereunder and shall not constitute payment of the Secured Obligations until applied as hereinafter provided. So long as no Event of Default has occurred and is continuing or will result therefrom, the Collateral Administrative Agent shall within two Business Days of receiving a request of such Pledgor for release of cash proceeds from the Collateral Account remit the cash proceeds on deposit in collected balance outstanding to the credit of the Collateral Account to or upon the order of such the respective Pledgor, in periodic installments, if applicable, so long upon submission of reasonable evidence that such amount is to be applied as permitted by Section 2.10(a) of the Credit Agreement; provided that any amounts deposited in the Collateral Account in respect of prepayments or reductions of Loans or Commitments under Section 2.10(a) of the Credit Agreement which are to be applied to LIBOR Loans as provided in the penultimate sentence of Section 2.10(b) of the Credit Agreement shall be held by Administrative Agent until the end of the respective Interest Periods of such Pledgor LIBOR Loans at which time, whether or not an Event of Default has with respect occurred, Administrative Agent shall cause such monies to any Pledged Collateralbe applied to such LIBOR Loans. However, satisfied the conditions relating thereto set forth in Section 4.17(vii) hereof. At at any time following the occurrence and during the continuance of an Event of Default, the Collateral Administrative Agent may (and, if instructed by the Lenders as specified in the Credit Agreement, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time outstanding to the credit of the Collateral Account to the payment of the Secured Obligations in the manner specified in Article XI hereof subject, however, in the case of amounts deposited in the L/C Sub-Account, to the provisions of Section 8.3 14 hereof. The balance from time to time in the Collateral Account shall be subject to withdrawal only as provided herein.

Application of Amounts in Collateral Account. The balance from time to time in the Collateral Account shall constitute part of the Pledged Collateral hereunder and shall not constitute payment of the Secured Obligations until applied as hereinafter provided. So long as no Event of Default has occurred and is continuing or will result therefrom, the Collateral Administrative Agent shall within two Business Days of receiving a request of such Pledgor for release of cash proceeds from the Collateral Account remit the cash proceeds on deposit in collected balance outstanding to the credit of the Collateral Account to or upon the order of such the respective Pledgor, in periodic installments, if applicable, so long upon submission of reasonable evidence that such amount is to be applied as permitted by Section 2.10(a) of the Credit Agreement; provided that any amounts deposited in the Collateral Account in respect of prepayments or reductions of Loans or Commitments under Section 2.10(a) of the Credit Agreement which are to be applied to LIBOR Loans as provided in the penultimate sentence of Section 2.10(b) of the Credit Agreement shall be held by the Administrative Agent until the end of the respective Interest Periods of such Pledgor LIBOR Loans at which time, whether or not an Event of Default has with respect occurred, the Administrative Agent shall cause such monies to any Pledged Collateralbe applied to such LIBOR Loans. However, satisfied the conditions relating thereto set forth in Section 4.17(vii) hereof. At at any time following the occurrence and during the continuance of an Event of Default, the Collateral Administrative Agent may (and, if instructed by the Lenders as specified in the Credit Agreement, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time outstanding to the credit of the Collateral Account to the payment of the Secured Obligations in the manner specified in Article XI hereof subject, however, in the case of amounts deposited in the L/C Sub-Account, to the provisions of Section 8.3 14 hereof. The balance from time to time in the Collateral Account shall be subject to withdrawal only as provided herein.