Common use of Application of Proceeds of Collateral Clause in Contracts

Application of Proceeds of Collateral. Upon any realization upon the Collateral, the proceeds thereof shall be applied in accordance with the terms of the Security Agreement.

Appears in 6 contracts

Samples: Indenture (Petro Stopping Centers L P), Indenture (Petro Financial Corp), Indenture (Imperial Credit Industries Inc)

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Application of Proceeds of Collateral. Upon any realization upon the Collateral, the proceeds thereof shall be applied in accordance with the terms of the Security Documents and the terms hereof, subject to the Intercreditor Agreement.

Appears in 2 contracts

Samples: Indenture (Tenneco Automotive Inc), Indenture (Williams Scotsman of Canada Inc)

Application of Proceeds of Collateral. Upon any realization upon the Collateral, the proceeds thereof shall be applied in accordance with the terms of the U.S. Security Agreement.

Appears in 1 contract

Samples: Indenture (Quality Distribution Inc)

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Application of Proceeds of Collateral. Upon any realization upon the Collateral, the proceeds thereof shall be applied in accordance with the terms of the Security AgreementAgreement and the terms hereof.

Appears in 1 contract

Samples: Indenture (RPP Capital Corp)

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