Application of Proceeds of Security. Each of the Lenders acknowledges that the Agent holds the Security to secure all of the Obligations and upon the acceleration of Obligations under Section 12.02, shall distribute the proceeds of realization in accordance with Section 12.11.
Application of Proceeds of Security. All monies collected by the Collateral Agent upon the enforcement of the Collateral Agent’s or the Secured Parties’ rights and remedies under the Security Documents and the Liens created by them including any sale or other disposition of the Collateral, together with all other monies received by the Collateral Agent and the Secured Parties under the Security Documents, will be applied as provided in the Credit Agreement. To the extent any other Loan Document requires proceeds of collateral under such Loan Document to be applied in accordance with the provisions of this Agreement, the Collateral Agent or holder under such other Loan Document shall apply such proceeds in accordance with this Section.
Application of Proceeds of Security. The Lender holds the Security to secure all of the Obligations and upon the acceleration of Obligations under Section 9.02, shall distribute the proceeds of realization in accordance with Section 9.09.
Application of Proceeds of Security. All monies collected by the Collateral Agent (or, to the extent any other Loan Document requires proceeds of collateral under such Loan Document to be applied in accordance with the provisions of this security agreement, the Collateral Agent or holder under such other Loan Document) upon the enforcement of the Collateral Agent’s or the Secured Creditors’ rights and remedies under the Security Documents and the Liens created thereby including any sale or other disposition of the Collateral, together with all other monies received by the Collateral Agent and the Secured Creditors under the Security Documents, shall be applied as provided in the Credit Agreement.
Application of Proceeds of Security. (1) All monies collected by the Collateral Agent (or to the extent any other Security Document requires proceeds of collateral under such other Security Document to be applied in accordance with the provisions of this Agreement, the collateral agent under such other Security Document) upon any sale or other disposition of Collateral, together with all other moneys received by the Collateral Agent, in each case, as a result of the exercise of remedies by the Collateral Agent after the occurrence and during the continuance of an Event of Default hereunder shall be applied as follows:
(a) first, to the payment of all amounts owing to the Collateral Agent of the type described in clauses (c), (d) and (e) of the definition of “Obligations”;
(b) second, to the extent proceeds remain after the application pursuant to the Section 10.10(1)(a), to the payment of all amounts owing to the Administrative Agent and the Collateral Agent of the type described in clauses (e) and (f) of the definition of “Obligations”;
(c) third, to the extent proceeds remain after the applications pursuant to the preceding Section 10.10(1)(a) and (b), an amount equal to the outstanding Primary Obligations shall be paid to the Secured Creditors, with each Secured Creditor receiving an amount equal to its outstanding Primary Obligations or, if the proceeds are insufficient to pay in full all such Primary Obligations, its Pro Rata Share of the amount remaining to be distributed;
(d) fourth, to the extent proceeds remain after the applications pursuant to the Section 10.10(1)(a) through (c), inclusive, an amount equal to the outstanding Secondary Obligations shall be paid to the Secured Creditors, with each Secured Creditor receiving an amount equal to its outstanding Secondary Obligations or, if the proceeds are insufficient to pay in full all such Secondary Obligations, its Pro Rata Share of the amount remaining to be distributed;
(e) fifth, to the extent proceeds remain after the application pursuant to preceding clauses (a) through (d), inclusive, notably to any of their remaining unpaid Obligations; and
(f) sixth, to the extent proceeds remain after the applications pursuant to Section 10.10(1)(a) through (e), inclusive, and following the termination of this Agreement pursuant to Section 10.9, to the Obligor or to whomever may be lawfully entitled to receive such surplus. provided that no proceeds referred to in this Section 10.10 or obtained by the Collateral Agent or the Secured Credito...
Application of Proceeds of Security. (1) Prior to the joinder of any Additional Secured Creditors pursuant to Section 5.22, all monies collected by the Collateral Agent upon the enforcement of the Collateral Agent’s or the Secured Creditors’ rights and remedies under the Security Documents and the Liens created by them including any sale or other disposition of the Charged Property, together with all other monies received by the Collateral Agent and the Secured Creditors under the Collateral Documents, will be applied as provided in the Indenture.
(2) After the joinder of any Additional Secured Creditors pursuant to Section 5.22, all monies collected by the Collateral Agent upon the enforcement of the Collateral Agent’s or the Secured Creditors’ rights and remedies under the Security Documents and the Liens created by them including any sale or other disposition of the Charged Property, together with all other monies received by the Collateral Agent and the Secured Creditors under the Security Documents will be applied as follows:
(a) First, to the payment of all reasonable costs and expenses, fees, commissions and taxes of such sale, collection or other realization including compensation to the Collateral Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by the Collateral Agent in connection therewith and all amounts for which the Collateral Agent is entitled to indemnification pursuant to the provisions of any Indenture Document, together with interest on each such amount at the highest rate then in effect under this Debenture from and after the date such amount is due, owing or unpaid until paid in full;
(b) Second, to the Trustee and the Authorized Representative, all amounts payable to the Trustee, its agents and attorneys for amount due under Section 7.07 under the Indenture, including payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection and similar amounts due to any other Authorized Representative under the Additional Secured Debt Documents;
(c) Third, without duplication of amounts applied pursuant to clause (1) above, to the payment in full in cash, pro rata, of interest and other amounts constituting Secured Obligations (other than principal) and any fees and premiums constituting Secured Obligations and any interest accrued thereon, in each case equally and ratably in accordance with the respective amounts thereof then due and owing;
(d) Fourth, to ...
Application of Proceeds of Security. All moneys from time to time received or recovered by the Lender in connection with the realisation or enforcement of all or any part of the Transaction Security shall be applied at such times as the Lender sees fit, to the extent permitted by applicable law, in the following order of priority:
21.5.1 in discharging:
(a) costs and expenses incurred by the Lender or any Delegate; and
(b) costs and expenses incurred by any Receiver, the payment of its remuneration and the discharge of any liabilities incurred by any Receiver in, or incidental to, the exercise of any of its powers; and
21.5.2 towards the discharge of all sums due and payable by any Obligor under any of the Finance Documents in the order set out in Clause 21.4 (Partial Payments).
Application of Proceeds of Security. All monies collected by the Canadian Agent upon the enforcement of the Canadian Agent’s or the Secured Parties’ rights and remedies under this Agreement and the Liens created hereby, including any sale or other disposition of the Collateral, together with all other monies received by the Canadian Agent and the Secured Parties under this Agreement, will be applied as provided in the Credit Agreement. To the extent any other Loan Document requires proceeds of collateral under such Loan Document to be applied in accordance with the provisions of this Agreement, the Canadian Agent or holder under such other Loan Document shall apply such proceeds in accordance with this Section.
Application of Proceeds of Security. All monies collected by the Security Agent upon the enforcement of the Security Agent’s or the Finance Parties’ rights and remedies under the Security Documents and the Encumbrances created by them including any sale or other disposition of the Collateral, together with all other monies received by the Security Agent and the Finance Parties under the Security Documents, will be applied, following the application thereof to pay any unsatisfied Euro MTN Obligations, as provided in the Intercreditor Deed. To the extent any other Finance Document requires proceeds of collateral under such Finance Document to be applied in accordance with the provisions of this Agreement, the Security Agent or holder under such other Finance Document shall apply such proceeds in accordance with this Section.
Application of Proceeds of Security. The Lender acknowledges that the Lender holds the Security to secure all of the Obligations and upon the occurrence of an acceleration of Obligations under Section 11.02, shall distribute the proceeds of realisation in accordance with Section 11.08.
