Application of Proceeds from Sale or other Disposition of the Collateral. In the event of any Disposition (including a casualty loss or taking through eminent domain) of the Collateral, the proceeds resulting therefrom (including insurance proceeds) shall be applied to the Senior Debt in the order and manner set forth in the Senior Debt Documents until such time as the Senior Debt is Paid in Full.
Appears in 7 contracts
Samples: Subordination and Intercreditor Agreement (Sifco Industries Inc), Credit Agreement (FTE Networks, Inc.), Subordination and Intercreditor Agreement (Streamline Health Solutions Inc.)
Application of Proceeds from Sale or other Disposition of the Collateral. In the event of any Disposition sale, transfer or other disposition (including a casualty loss or taking through eminent domain) of the Collateral, the proceeds resulting therefrom (including insurance proceeds) shall be applied to in accordance with the Senior Debt in the order and manner set forth in terms of the Senior Debt Documents or as otherwise consented to by Agent and Senior Lenders until such time as the Senior Debt is Paid in Full.
Appears in 6 contracts
Samples: Subordination Agreement (Kahn Jonathan Efrem), Subordination Agreement (Kahn Jonathan Efrem), Subordination Agreement (Agritech Worldwide, Inc.)
Application of Proceeds from Sale or other Disposition of the Collateral. In the event of any Disposition sale, transfer or other disposition (including a casualty loss or taking through eminent domaindomain or expropriation) of the any Collateral, the proceeds resulting therefrom (including insurance proceeds) shall be applied to in accordance with the Senior Debt in the order and manner set forth in terms of the Senior Debt Documents or as otherwise consented to by Agent and Senior Lenders until such time as the Senior Debt is in Paid in Full.
Appears in 2 contracts
Samples: Subordination and Intercreditor Agreement (Tontine Capital Partners L P), Subordination and Intercreditor Agreement (Patrick Industries Inc)
Application of Proceeds from Sale or other Disposition of the Collateral. In the event of any Disposition sale, transfer or other disposition (including a casualty loss or taking through eminent domain) of the Collateral, the proceeds resulting therefrom (including insurance proceeds) shall be applied to in accordance with the Senior Debt in the order and manner set forth in terms of the Senior Debt Documents or as otherwise consented to by Agent until such time as all of the Senior Debt is Paid in Full.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (FlexEnergy Green Solutions, Inc.)
Application of Proceeds from Sale or other Disposition of the Collateral. In the event of any Disposition sale, transfer or other disposition (including a casualty loss or taking through eminent domain) of the Collateral, the proceeds resulting therefrom (including insurance proceeds) shall be applied to in accordance with the Senior Debt in the order and manner set forth in terms of the Senior Debt Documents or as otherwise consented to by Senior Agent until such time as the Senior Debt is Paid in Full.
Appears in 1 contract
Application of Proceeds from Sale or other Disposition of the Collateral. In the event of any Disposition sale, transfer or other disposition (including a casualty loss or taking through eminent domaindomain or expropriation) of the any Collateral, the proceeds resulting therefrom (including insurance proceeds) shall be applied to in accordance with the Senior Debt in the order and manner set forth in terms of the Senior Debt Documents (as in effect on the date hereof) until such time as all of the Senior Debt is Paid in Full, then any excess shall be paid to the Subordinate Agent.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Ener-Core, Inc.)
Application of Proceeds from Sale or other Disposition of the Collateral. In the event of any Disposition sale, transfer or other disposition (including a casualty loss or taking through eminent domaindomain or expropriation) of the any Collateral, the proceeds resulting therefrom (including insurance proceeds) shall be applied to in accordance with the Senior Debt in the order and manner set forth in terms of the Senior Debt Documents (as in effect on the date hereof) until such time as the Senior Debt is Paid in Full, then any excess shall be paid to the Subordinate Creditor.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Ener-Core Inc.)
Application of Proceeds from Sale or other Disposition of the Collateral. In the event of any Disposition sale, transfer or other disposition (including a casualty loss or taking through eminent domain) of the Collateral, the proceeds resulting therefrom (including insurance proceeds) shall be applied to in accordance with the terms of the Senior Debt in Loan Documents or as otherwise consented to by Agent until the order and manner set forth in the Senior Debt Documents until such time as the Senior Debt is Paid in FullTermination Date.
Appears in 1 contract
Samples: Subordination Agreement (Interhealth Facility Transport, Inc.)
