Application of Proceeds Following an Event of Default. All amounts held or collected by the Pledgee as part of the Collateral (including, without limitation, all amounts realized as a result of the exercise of any rights and remedies hereunder) following the occurrence of any Event of Default will be applied forthwith by the Pledgee as follows:
Appears in 11 contracts
Samples: Pledge Agreement (Burns Donald A), Stock Pledge Agreement (Burns Donald A), Stock Pledge Agreement (Gold & Appel Transfer Sa)
