Application of Proceeds; Turnover Provisions. (a) All proceeds of Collateral (including without limitation any interest earned thereon) resulting from the sale, collection or other disposition of Collateral in connection with or resulting from any Enforcement Action with respect to the Collateral, and whether or not pursuant to an Insolvency Proceeding, shall be distributed as follows:
Appears in 4 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Black Elk Energy Finance Corp.), Intercreditor Agreement (Black Elk Energy Finance Corp.)
Application of Proceeds; Turnover Provisions. (a) All proceeds of Collateral (including without limitation any interest earned thereon) resulting from the sale, collection collection, or other disposition of Collateral in connection with or resulting from any Enforcement Action with respect to the CollateralAction, and whether or not pursuant to an Insolvency Proceeding, shall be distributed as follows:
Appears in 1 contract
Samples: Intercreditor Agreement (Total Gas & Electricity (PA) Inc)
Application of Proceeds; Turnover Provisions. (a) All proceeds of Collateral (including without limitation any interest earned thereon) resulting from the sale, collection or other disposition of Collateral in connection with or resulting from any Enforcement Action with respect to the Collateral, and whether or not pursuant to an Insolvency Proceeding, shall be distributed as follows:
Appears in 1 contract
Samples: Intercreditor and Subordination Agreement (USA Synthetic Fuel Corp)
