Application of Monies. In the event that, during the continuance of any Default, the Administrative Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of rights under the Loan Documents, such monies shall be distributed for application as follows:
Application of Monies. Any monies collected by the Administration pursuant to Section 4.03 hereof shall be applied (a) first, to pay any attorneys’ fees or other fees and expenses owed by the Borrower pursuant to Section 4.04 hereof, (b) second, to pay interest due on the Loan, (c) third, to pay principal due on the Loan, (d) fourth, to pay any other amounts due hereunder, and (e) fifth, to pay interest and principal on the Loan and other amounts payable hereunder as such amounts become due and payable.
Application of Monies. The proceeds of any sale of, or other realization upon, all or any part of the Collateral shall be applied by the Agent in the following order of priority: first, to payment of the expenses of such sale or other realization, including reasonable compensation to the Agent and its agents and counsel, and all expenses, liabilities and advances incurred or made by the Agent, its agents and counsel in connection therewith or in connection with the care, safekeeping or otherwise of any or all of the Collateral; second, to payment of the Obligations, in such order as the Agent may elect; and third, any surplus then remaining shall be paid to the Debtor, or its successors or assigns, or to whomsoever may be lawfully entitled to receive the same (including pursuant to Section 9-504(1)(C) of the UCC) or as a court of competent jurisdiction may direct.
Application of Monies. Each Issuer hereby agrees to apply any amounts received by way of prepayment pursuant to Clause 8.1 (Prepayment for taxation or other reasons) or Clause 8.2 (Prepayment at option of Issuer) in making prepayments under the relevant Notes issued by such Issuer.
Application of Monies. The Master Issuer hereby agrees to apply any amounts received by way of prepayment pursuant to Clause 9.1 or Clause 9.2 to redeem, in full or in part, the relevant Master Issuer Notes.
Application of Monies. All monies (including, without limitation, Distributions) received or collected by Secured Party pursuant to this Agreement shall be held as Collateral by Secured Party and after the occurrence of an Event of Default shall be applied by Secured Party first, to the payment of all costs incurred in the collection of such monies (including attorneys' fees and expenses) and second, to the payment of the Indebtedness in such order and priority as Secured Party may in its sole discretion determine. The balance, if any, of such monies remaining after payment in full of such costs and the Obligations shall be remitted to Pledgor or as otherwise directed by a court of competent jurisdiction.
Application of Monies. Any monies received by you from the proceeds of sale or liquidation of the Account(s) will be applied in the following order of priority and any residue will be paid to me/us or to my/our order:-
Application of Monies. Subject to Applicable Law, all monies collected or received by the Holder pursuant to or in exercise of any right or remedy shall be applied on account of the amounts outstanding hereunder in such manner as the Holder deems best or, at the option of the Holder, or released to the Corporation, all without prejudice to the liability of the Corporation or the rights of the Holder hereunder, and any surplus shall be accounted for as required by law.
Application of Monies. 9.1 The Chargee (and any Receiver) shall apply the monies received by it as a result of the enforcement of the security:
Application of Monies. All monies received or recovered by the Security Agent or any Receiver pursuant to this Debenture or the powers conferred by it shall (subject to the claims of any person having prior rights thereto and by way of variation of the provisions of the Law of Property Act 1925) be applied first in the payment of the costs, charges and expenses incurred and payments made by the Receiver, the payment of his remuneration and the discharge of any liabilities incurred by the Receiver in, or incidental to, the exercise of any of his powers, and thereafter shall be applied by the Security Agent (notwithstanding any purported appropriation by any Company) in accordance with the terms of the Credit Agreement.
