Application of Proceeds of Sale or Cash Held as Collateral. The proceeds of sale of Collateral sold pursuant to the terms of Section 6 hereof and/or, after an Event of Default, the cash held as Collateral hereunder, shall be applied by the Company, to the extent permitted by applicable law, as follows:
Application of Proceeds of Sale or Cash Held as Collateral. The proceeds of sale of Pledged Collateral sold pursuant to this Agreement and/or the cash held as Pledged Collateral hereunder will be applied in accordance with the terms of the Loan Agreement.
Application of Proceeds of Sale or Cash Held as Collateral. All proceeds from the sale of Pledged Collateral sold pursuant to this Agreement and/or the cash held as Pledged Collateral hereunder shall be (a) retained by the Pledgee as cash collateral for the Obligations, or (b) at the election of the Pledgee, applied by the Pledgee as follows: FIRST: to payment of the costs and expenses of such sale, including the out-of-pocket expenses of the Pledgee, including the reasonable fees and out-of-pocket expenses of counsel employed in connection therewith, and to the payment of all advances made by the Pledgee for the account of the Pledgor hereunder, and the payment of all costs and expenses incurred by the Pledgee in connection with the administration and enforcement of this Agreement, to the extent that such advances, costs and expenses shall not have been reimbursed to the Pledgee;
Application of Proceeds of Sale or Cash Held as Collateral. Any and all proceeds received by Pledgee at any time or from time to time pursuant to this Agreement or as proceeds of any of the Collateral shall be applied by Pledgee as follows:
Application of Proceeds of Sale or Cash Held as Collateral. The proceeds of sale of Pledged Collateral sold pursuant to this Agreement and/or any cash held as Pledged Collateral hereunder shall be (a) retained by the Administrative Agent for the benefit of the Lenders as cash collateral for the Liabilities, or (b) at the election of the Administrative Agent, applied by the Administrative Agent as follows:
Application of Proceeds of Sale or Cash Held as Collateral. Subject to and except as prohibited, restricted or limited by the Exit Financing Documents or the terms of Other Approved Indebtedness, the proceeds of a sale of Pledged Collateral sold pursuant to this Agreement and/or the cash held as Pledged Collateral hereunder shall be (a) retained by the Pledgee as security for the Liabilities, or (b) at the election of the Pledgee, applied by the Pledgee as follows:
Application of Proceeds of Sale or Cash Held as Collateral. Upon occurrence of any Event of Default, proceeds of sale of Collateral sold pursuant to Section 6 hereof and the cash held as Collateral hereunder, shall be applied by Pledgee as follows:
Application of Proceeds of Sale or Cash Held as Collateral. Upon occurrence of any Event of Default, proceeds of sale of Collateral sold pursuant to Section 6 hereof and the cash held as Collateral hereunder, shall be applied by Assignee as follows: FIRST: to payment of the reasonable costs and expenses of such sale, including the expenses of Assignee and the reasonable fees and expenses of counsel employed in connection therewith, and to the payment of all advances made by Assignee for the account of Assignor hereunder and the payment of all reasonable costs and expenses incurred by Assignee in connection with the administration and enforcement of this Assignment, to the extent that such advances, costs and expenses shall not have been theretofore reimbursed to Assignee; SECOND: to the payment of the remainder of the Liabilities in such order as Assignee shall determine;
Application of Proceeds of Sale or Cash Held as Collateral. Subject to the terms of the Subordination Agreement, the proceeds of sale of Collateral sold pursuant to this Agreement and/or the cash held as Collateral hereunder shall be (a) retained by Secured Party as cash collateral for the Obligations, or (b) at the election of Secured Party, applied by Secured Party as follows:
Application of Proceeds of Sale or Cash Held as Collateral. Upon occurrence of any Default, proceeds from sale of the Collateral sold pursuant to the terms hereof, and the cash held as Collateral hereunder, shall be applied by Secured Party as set forth in the Note.
