Application of Payments with Respect to the Collateral. In the event of any foreclosure, sale or other disposition of or realization in any manner upon any of the Collateral, all monies or other property collected or received by the Secured Parties or their representatives or counsel with respect to the Collateral, in excess of the amount paid to discharge liens upon the Collateral (if any), shall be distributed by the Secured Parties as follows:
Appears in 4 contracts
Samples: Security Agreement (Rvision, Inc), Security Agreement (Paxton Energy Inc), Security Agreement (Ethos Environmental, Inc.)
Application of Payments with Respect to the Collateral. In the event of any foreclosure, sale or other disposition of or realization in any manner upon any of the Collateral, all monies or other property collected or received by the Secured Parties or their representatives or counsel either Lender with respect to the Collateral, in excess of the amount paid to discharge liens upon the Collateral prior to the Collateral Documents (if any), shall be distributed by the Secured Parties collecting Lender as follows:
Appears in 2 contracts
Samples: Loan Agreement (U S Gold Corp), Intercreditor Agreement (Gold Capital Corp /Co/)
Application of Payments with Respect to the Collateral. In the event of any foreclosure, sale or other disposition of or realization in any manner upon any of the Collateral, all monies or other property collected or received by the Secured Parties or their representatives or counsel with respect to the Collateral, in excess of the amount paid to discharge liens upon the Collateral (if any), shall be distributed by the Secured Parties Party Representative as follows:
Appears in 1 contract
Samples: Security Agreement (Rvision, Inc)
Application of Payments with Respect to the Collateral. In the event of any foreclosure, sale or other disposition of or realization in any manner upon any of the Collateral, all monies or other property collected or received by any Lender or the Secured Parties or their representatives or counsel Lender Representative with respect to the Collateral, in excess of the amount paid to discharge liens upon the Collateral prior to the Collateral documents (if any), shall be distributed by the Secured Parties collecting Lender or Lender Representative as follows:
Appears in 1 contract
