Common use of Application of Proceeds of Sale and Other Moneys Clause in Contracts

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 as provided in the Indenture.

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 as provided in the Indenture.follows:

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 MortgageDeed of Trust, whether pursuant to power of sale, foreclosure or otherwise, and all other moneys at any time held by the Mortgagee Beneficiary as part of the Collateral, shall be applied as provided in the Indenture.follows:

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 MortgageDeed of Trust, whether pursuant to power of sale, foreclosure or otherwise, and all other moneys at any time held by the Mortgagee Beneficiary as part of the Collateral, unless otherwise required by the law of the State, shall be applied as provided in the Indenture.follows:

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 provided the Mortgagee shall determine in the Indenture.its sole and absolute discretion including, without limitation, as follows: