Common use of Application of Proceeds of Sale Clause in Contracts

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each Property in the following order of priority: (i) FIRST, to pay or to reimburse Lessor for the payment of all reasonable costs and expenses incurred by Lessor in connection with the sale; and (ii) SECOND, the balance shall be paid to the Agent to be applied pursuant to the provisions of the Credit Agreement.

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each Property piece of Equipment in the following order of priority: (i) FIRST, to pay or to reimburse Lessor and Lessee for the payment of all reasonable costs and expenses incurred by Lessor and Lessee in connection with the sale; and (ii) SECOND, the balance shall be paid to the Agent to be applied pursuant to the provisions of Section 8 of the Credit Agreement.

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each Property in the following order of priority: (i) FIRST, to pay or to reimburse Lessor for the payment of all reasonable costs and expenses incurred by Lessor in connection with the sale; and (ii) SECOND, the balance shall be paid to the Administrative Agent to be applied pursuant to the provisions of the Credit Agreement.

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each Property in the following order of priority: : (i) FIRST, to pay or to reimburse Lessor for the payment of all reasonable costs and expenses incurred by Lessor in connection with the sale; and and (ii) SECOND, the balance shall be paid to the Agent to be applied pursuant to the provisions of the Credit Agreement.. 3

Application of Proceeds of Sale. Lessor shall apply the proceeds ------------------------------- of sale of each Property piece of Equipment in the following order of priority: (i) FIRST, to pay or to reimburse Lessor and Lessee for the ----- payment of all reasonable costs and expenses incurred by Lessor and Lessee in connection with the sale; and (ii) SECOND, the balance shall be paid to the Agent to be ------ applied pursuant to the provisions of Section 8 of the Credit Agreement.

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each the Property in the following order of priority: (i) FIRST, to pay or to reimburse Lessor for the payment of all reasonable costs and expenses incurred by Lessor in connection with the sale; and (ii) SECOND, the balance shall be paid to the Collateral Agent to be applied pursuant to the provisions of Section 13.5 of the Credit Participation Agreement.

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each the Property in the following order of priority: (i) FIRST, to pay or to reimburse Lessor for the payment of all reasonable costs and expenses incurred by Lessor in connection with the sale; and (ii) SECOND, the balance shall be paid to the Agent to be applied pursuant to the provisions of the Credit Agreement.

Application of Proceeds of Sale. Lessor shall apply the ------------------------------- proceeds of sale of each the Property in the following order of priority: (i) FIRST, to pay or to reimburse Lessor for the payment of all ----- reasonable costs and expenses incurred by Lessor in connection with the sale; and (ii) SECOND, the balance shall be paid to the Agent to be applied ------ pursuant to the provisions of the Credit Agreement.

Application of Proceeds of Sale. Lessor shall apply the ------------------------------- proceeds of sale of each Property in the following order of priority: (i) FIRST, to pay or to reimburse Lessor for the payment of all ----- reasonable costs and expenses incurred by Lessor in connection with the sale; and (ii) SECOND, the balance shall be paid to the Agent to be ------ applied pursuant to the provisions of the Credit Agreement.

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each Property sold in the following order of priority: (ia) FIRST, to pay or to reimburse Lessor (and/or the Bank, as the case may be) for the payment of all reasonable costs and expenses incurred by Lessor in connection with the sale; andClosing Costs; (iib) SECOND, so long as the balance shall be paid Credit Agreement is in effect and any Loans or Holder Advances or any amount is owing to the Agent Financing Parties under any Operative Agreement, to the Bank to be applied pursuant to the provisions allocated in accordance with Section 8.7 of the Credit Participation Agreement.; and

Application of Proceeds of Sale. Lessor shall apply the proceeds ------------------------------- of sale of each the Property in the following order of priority: (i) FIRST, to pay or to reimburse Lessor for the payment of all ----- reasonable costs and expenses incurred by Lessor in connection with the sale; and (ii) SECOND, the balance shall be paid to the Administrative Agent to ------ be applied pursuant to the provisions of Section 13.5 of the Credit Participation Agreement.

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each the Property in the following order of priority: (ia) FIRST, to pay or to reimburse Lessor for the payment of all reasonable costs and expenses incurred by Lessor in connection with the sale; and; (iib) SECOND, so long as the balance shall be paid Credit Agreement is in effect and the Holder Advance or any other amount is owing to the Holder under any Operative Agreement, to the Agent to be applied pursuant to intercreditor provisions between the provisions of Lender and the Credit Agreement.Holder contained in the Operative Agreements; and

Application of Proceeds of Sale. Lessor shall apply the proceeds of sale of each the Property in the following order of priority: (i) : FIRST, to pay or to reimburse Lessor for the payment of all reasonable costs and expenses incurred by Lessor in connection with the sale; and (ii) SECOND, so long as the balance shall be paid Credit Agreement is in effect and any Holder Advances or any amount is owing to the Holders under any Operative Agreement, to the Agent to be applied pursuant to intercreditor provisions between the provisions of Lenders and the Credit AgreementHolders contained in the Operative Agreements; and THIRD, to Lessee.