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.
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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 occurrence of an acceleration of Obligations under Section 12.02, shall distribute the proceeds of realization realisation in accordance with Section 12.11.
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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 occurrence of an acceleration of Obligations under Section 12.02, shall distribute the proceeds of realization realisation in accordance with Section 12.11.
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Samples: Credit Agreement (Nordion Inc.)
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 occurrence of an acceleration of Obligations under Section 12.0211.01, shall distribute the proceeds of realization in accordance with Section 12.1111.10.
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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 occurrence of an acceleration of Obligations under Section 12.02, shall distribute the proceeds of realization realisation in accordance with Section 12.11.. 54
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