Common use of Application of Collateral Clause in Contracts

Application of Collateral. Subject in each case to the terms and conditions under the Intercreditor Agreement, the proceeds of any sale, or other realization upon all or any part of the Collateral pledged by any Pledgor shall be applied by the Administrative Agent as set forth in Section 7.06 of the Credit Agreement.

Appears in 4 contracts

Samples: Pledge Agreement (Quintana Energy Services Inc.), Pledge Agreement (Quintana Energy Services Inc.), Pledge Agreement (Quintana Energy Services Inc.)

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Application of Collateral. Subject in each case to the terms and conditions under of the Intercreditor Agreement, the proceeds of any salesale of, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Collateral pledged by any Pledgor Grantor shall be applied by the Administrative Agent as set forth in Section 7.06 of the Credit Agreement.

Appears in 2 contracts

Samples: First Amended and Restated Security Agreement (Total Gas & Electricity (PA) Inc), Credit Agreement (MxEnergy Holdings Inc)

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