Common use of APPLICATION OF OTHER SUMS Clause in Contracts

APPLICATION OF OTHER SUMS. All Rents or other sums received by Beneficiary hereunder, less all costs and expenses incurred by Beneficiary or any receiver, including reasonable attorneys' fees, shall be applied to payment of the Secured Obligations in such order as Beneficiary shall determine in its sole discretion; provided however, that Beneficiary shall have no liability for funds not actually received by Beneficiary.

Appears in 2 contracts

Samples: Elmers Restaurants Inc, Infonet Services Corp

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APPLICATION OF OTHER SUMS. All Rents or other sums received by Beneficiary or any agent or receiver hereunder, less all costs and expenses incurred by Beneficiary or any such agent or receiver, including reasonable attorneys' ’ fees, shall be applied to payment of the Secured Obligations in such order as Beneficiary shall determine in its sole discretion; provided however, that Beneficiary shall have no liability for funds not actually received by Beneficiary.

Appears in 1 contract

Samples: Credit and Security Agreement (HC2 Holdings, Inc.)

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APPLICATION OF OTHER SUMS. All Rents or other sums received by Beneficiary or any agent or receiver hereunder, less all costs and expenses incurred by Beneficiary or any such agent or receiver, including reasonable attorneys' fees, shall be applied to payment of the Secured Obligations in such order as Beneficiary shall determine in its sole discretion; provided however, that Beneficiary shall have no liability for funds not actually received by Beneficiary.

Appears in 1 contract

Samples: And Security Agreement (DT Acceptance Corp)

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