Application of Proceeds of Security. Each of the Lenders acknowledges that the Agent holds the Security to secure the Obligations and upon the occurrence of an acceleration of Obligations under Section 11.01, shall distribute the proceeds of realization in accordance with Section 11.10.
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Application of Proceeds of Security. Each of the Lenders acknowledges that the Agent holds the Security to secure the Obligations and upon the occurrence of an acceleration of Obligations under Section 11.0112.02, shall distribute the proceeds of realization realisation in accordance with Section 11.1012.11.
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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 11.0112.02, shall distribute the proceeds of realization in accordance with Section 11.1012.11.
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Application of Proceeds of Security. Each of the Lenders acknowledges that the Agent holds the Security to secure the Obligations and upon the occurrence of an acceleration of Obligations under Section 11.0112.02, shall distribute the proceeds of realization realisation in accordance with Section 11.10.12.11. 54
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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 11.0112.02, shall distribute the proceeds of realization realisation in accordance with Section 11.1012.11.
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