Common use of Application of Proceeds from Remedial Actions Clause in Contracts

Application of Proceeds from Remedial Actions. Any proceeds or funds arising from the exercise of any rights or the enforcement of any remedies herein provided after the payment or provision for the payment of any and all costs and expenses in connection with the exercise of such rights or the enforcement of such remedies shall be applied first, to the ratable payment of indebtedness hereby secured other than the principal of or interest on the Notes; second, to the ratable payment of interest which shall have accrued on the Notes and which shall be unpaid; third, to the ratable payment of or on account of the unpaid principal of the Notes; and the balance, if any, shall be paid to the Mortgagor or whosoever shall be lawfully entitled thereto.

Application of Proceeds from Remedial Actions. Any proceeds or funds arising from the exercise of any rights or the enforcement of any remedies herein provided after the payment or provision for the payment of any and all costs and expenses in connection with the exercise of such rights or the enforcement of such remedies shall be applied firstapplied: First, to the ratable payment of indebtedness hereby secured other than the principal of or interest on the Notes; secondSecond, to the ratable payment of interest which shall have accrued on the Notes and which shall be unpaid; thirdThird, to the ratable payment of of, or on account of of, the unpaid principal of the Notes; , and the balance, if any, shall be paid to the Mortgagor or whosoever whomsoever shall be lawfully entitled thereto.

Application of Proceeds from Remedial Actions. Any proceeds or funds arising from the exercise of any rights or the enforcement of any remedies herein provided after the payment or provision for the payment of any and all costs and expenses in connection with the exercise of such rights or the enforcement of such remedies shall be applied first, to the ratable payment of indebtedness hereby secured other than the principal of or interest on the Notes; second, to the ratable payment of interest which shall have accrued on the Notes and which shall be unpaid; third, to the ratable payment of or on account of the unpaid principal of the Notes; and the balance, if any, shall be paid to the Mortgagor or whosoever shall be lawfully entitled thereto.

Application of Proceeds from Remedial Actions. Any proceeds or of funds arising from the exercise of any rights or the enforcement of any remedies herein provided after the payment or provision for the payment of any and all costs and expenses in connection with the exercise of such rights or the enforcement of such remedies shall be applied first, to the ratable payment of indebtedness hereby secured other than the principal of or interest on the Notes; second, to the ratable payment of interest which shall have accrued on the Notes and which shall be unpaid; third, to the ratable payment of or on account of the unpaid principal of the Notes; , and the balance, if any, shall be paid to the Mortgagor or whosoever shall be lawfully entitled thereto.

Application of Proceeds from Remedial Actions. Any proceeds or funds arising from the exercise of any rights or the enforcement of any remedies herein provided after the payment payment, or provision for the payment payment, of any and all costs and expenses in connection with the exercise of such rights or the enforcement of such remedies shall be applied firstapplied: First, to the ratable payment of indebtedness hereby secured other than the principal of or interest on the Notes; secondSecond, to the ratable payment of interest which shall have accrued on the Notes and which shall be unpaid; thirdThird, to the ratable payment of of, or on account of of, the unpaid principal of the Notes; , and the balance, if any, shall be paid to the Mortgagor or whosoever whomsoever shall be lawfully entitled thereto.

Application of Proceeds from Remedial Actions. Any proceeds or funds arising from the exercise of any rights or the enforcement of any remedies herein provided after the payment or provision for the payment of any and all costs and expenses in connection with the exercise of such rights or the enforcement of such remedies shall be applied first, to the ratable payment of indebtedness hereby secured other than the principal of or interest on the Notesnotes; second, to the ratable payment of interest which shall have accrued on the Notes notes and which shall be unpaid; third, to the ratable payment of or on account of the unpaid principal of the Notesnotes; and the balance, if any, shall be paid to the Mortgagor or whosoever shall be lawfully entitled thereto.