Application of Proceeds of Sale and Other Moneys. The proceeds of any sale of the Collateral or any part thereof or any interest therein under or by virtue of this Mortgage, whether pursuant to power of sale, foreclosure or otherwise, and all other moneys at any time held by the Mortgagee as part of the Collateral, shall be applied in such order of priority as the Mortgagee shall determine in its sole and absolute discretion including, without limitation, as follows:
Appears in 4 contracts
Samples: Credit Agreement (Sabre Industries, Inc.), Leiner Health Products Inc, Leiner Health Products Inc
Application of Proceeds of Sale and Other Moneys. The Except as otherwise provided in the Credit Agreement or herein, the proceeds of any sale of the Collateral or any part thereof or any interest therein under or by virtue of this MortgageDeed, whether pursuant to power of sale, foreclosure or otherwise, and all other moneys at any time held by the Mortgagee Grantee as part of the Collateral, shall be applied in such order of priority as the Mortgagee Grantee shall determine in its sole and absolute discretion including, without limitation, as follows:
Appears in 1 contract
Samples: Assignment and Security Agreement (Sterling Chemical Inc)
Application of Proceeds of Sale and Other Moneys. The Except as otherwise provided in the Indenture or herein, the proceeds of any sale of the Collateral or any part thereof or any interest therein under or by virtue of this MortgageDeed, whether pursuant to power of sale, foreclosure or otherwise, and all other moneys at any time held by the Mortgagee Grantee as part of the Collateral, shall be applied in such order of priority as the Mortgagee Grantee shall determine in its sole and absolute discretion including, without limitation, as follows:
Appears in 1 contract
Samples: Assignment and Security Agreement (Sterling Chemical Inc)
Application of Proceeds of Sale and Other Moneys. The Except as otherwise provided in the Indenture or herein, the proceeds of any sale of the Collateral or any part thereof or any interest therein under or by virtue of this Mortgage, whether pursuant to power of sale, foreclosure or otherwise, and all other moneys at any time held by the Mortgagee as part of the Collateral, shall be applied in such order of priority as the Mortgagee shall determine in its sole and absolute discretion including, without limitation, as follows:
Appears in 1 contract
Samples: Sterling Chemical Inc