Application of Other Moneys and Mortgage Loans Sample Clauses

Application of Other Moneys and Mortgage Loans. Moneys and/or Investment Securities that are identified in an Authority Request delivered to the Trustee on the Closing Date shall be transferred on the Closing Date to such Funds or Account as shall be designated in such Authority Request, in the amounts and as otherwise provided in such Authority Request. (End of Article IV)
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Application of Other Moneys and Mortgage Loans. Moneys and/or Investment Securities in the 2007 Series B subaccounts of the Debt Service Reserve Fund and the Revenue Fund, and/or other funds and accounts, that are identified in an Authority Request delivered to the Trustee on the Closing Date shall be transferred on the Closing Date to (a) the 2017 Series A Refunding Account (and then immediately transferred to the 2007 Series B subaccount of the Class I Special Redemption Account, to redeem the Refunded Bonds described in the first clause of the definition thereof on the Closing Date), (b) the 2017 Series A subaccount and the 2017 Series B subaccount of the Acquisition Fund, (c) the 2017 Series A/B subaccount of the Cost of Issuance Account, (d) the 2017 Series B subaccount of the Debt Service Reserve Fund, (e) the 2017 Series A subaccount of the Revenue Fund, (f) the 2017 Series B subaccount of the Revenue Fund, and/or (g) such other Funds or Accounts as shall be designated in such Authority Request, in the amounts and as otherwise provided in such Authority Request. Also on the Closing Date, the 2017 Series B Mortgage Loans described in the first clause thereof shall be transferred to the 2017 Series B subaccount of the Acquisition Account. (End of Article IV) ARTICLE V
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Related to Application of Other Moneys and Mortgage Loans

  • Application of Insurance Proceeds Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness.

  • Application of Proceeds The Collateral Agent shall apply the proceeds of any collection, sale, foreclosure or other realization upon any Collateral, including any Collateral consisting of cash, as follows: FIRST, to the payment of all costs and expenses incurred by the Administrative Agent or the Collateral Agent (in their respective capacities as such hereunder or under any other Loan Document) in connection with such collection, sale, foreclosure or realization or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Collateral Agent or the Administrative Agent hereunder or under any other Loan Document on behalf of any Grantor and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document; SECOND, to the payment in full of Unfunded Advances/Participations (the amounts so applied to be distributed between or among the Administrative Agent, any Swingline Lender and any Issuing Bank pro rata in accordance with the amounts of Unfunded Advances/Participations owed to them on the date of any such distribution); THIRD, to the payment in full of all other Obligations (the amounts so applied to be distributed (subject to the first proviso to Section 3.01 and clause (B) of the first proviso to Section 4.01(a)) among the Secured Parties pro rata in accordance with the amounts of the Obligations owed to them on the date of any such distribution); and FOURTH, to the Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct. The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof.

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