Common use of Application of Proceeds of Sale Clause in Contracts

Application of Proceeds of Sale. The proceeds of any sale of Collateral pursuant to Section 6, as well as any Collateral consisting of cash, shall be applied by the Collateral Agent as provided in the U.S.

Appears in 6 contracts

Samples: Credit Agreement (Crown Holdings Inc), Bank Pledge Agreement (Crown Holdings Inc), Bank Pledge Agreement (Crown Holdings Inc)

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Application of Proceeds of Sale. The proceeds of any sale of Securities Collateral pursuant to Section 6, as well as any Securities Collateral consisting of cash, shall be applied by the Collateral Agent as provided in the U.S.Security Agreement.

Appears in 5 contracts

Samples: Pledge Agreement (Solutia Inc), Pledge Agreement (Polymer Group Inc), Pledge Agreement (Solutia Inc)

Application of Proceeds of Sale. The proceeds of any sale of Collateral pursuant to Section 6, as well as any Collateral consisting of cash, shall be applied by the Collateral Agent as provided in pursuant to Section 2.17(b) of the U.S.Credit Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (Pliant Corp), Canadian Pledge Agreement (Pliant Corp)

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Application of Proceeds of Sale. The proceeds of any sale -------------------------------- of Collateral pursuant to Section 6, as well as any Collateral consisting of cash, shall be applied by the Collateral Agent as provided in the U.S.follows:

Appears in 1 contract

Samples: Credit Agreement (Guarantee Life Companies Inc)

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