Application of the proceeds. Subject to the rights of any preferential creditors under any applicable law, the Security Trustee agrees with the Issuer to pay any sums received or recovered by the Security Trustee from or by the enforcement of the Issuer-Owned Bonds Security and/or the Cryptocurrency Security granted to secure the Security Trustee Claim in the following order:
(a) in discharging any sums owing to the Security Trustee;
(b) in discharging all costs and expenses incurred by the Security Trustee in connection with any realisation or enforcement of the Relevant Security taken in accordance with the terms of this Agreement, or any action taken at the request of the Security Trustee;
(c) in discharging all costs and expenses incurred by the Bondholders' Representative in connection with any realisation or enforcement of the Relevant Security taken in accordance with the terms of this Agreement, or any action taken at the request of the Security Trustee;
(d) in discharging any sums owing to the relevant Bondholder or Bondholders; and
(e) the balance, if any, in payment or distribution to the Issuer.
Application of the proceeds. Subject to the rights of any preferential creditors under any applicable law, the Collateral Trustee agrees with the Issuer to pay any sums received or recovered by the Collateral Trustee from or by the enforcement of the Issuer-Owned Bonds Collateral and/or the Crypto-Asset Collateral granted to secure the Collateral Trustee Claim in the following order:
(a) in discharging any sums owing to the Collateral Trustee;
(b) in discharging all costs and expenses incurred by the Collateral Trustee in connection with any realisation or enforcement of the Relevant Collateral taken in accordance with the terms of this Agreement, or any action taken at the request of the Collateral Trustee;
(c) in discharging all costs and expenses incurred by the Bondholders' Representative in connection with any realisation or enforcement of the Relevant Collateral taken in accordance with the terms of this Agreement, or any action taken at the request of the Collateral Trustee;
(d) in discharging any sums owing to the relevant Bondholder or Bondholders; and
(e) the balance, if any, in payment or distribution to the Issuer. For the purposes of this paragraph 3.3, in case the Issuer obtains an insurance policy covering certain losses of Issuer-Owned Bonds and/or Deposited Crypto-Asset and states the Collateral Trustee as a payee with respect of any compensations provided by such policy, any sums paid
Application of the proceeds. All proceeds of any sale of the Collateral by the Secured Party pursuant to Section 6 shall be applied as follows:
Application of the proceeds. The Trust Administrator, as assignee of the Authority, shall apply all amounts received under this Article VII as set forth in Section 3.03 of the Trust Agreement.
Application of the proceeds. (A) Mortgagee may apply the proceeds of an Enforcement Sale in the following order (regardless of whether Mortgagee itself purchases any or all of the Mortgaged Properties):
(i) to the costs and expenses of such sale and all proceedings in connection with the Enforcement Sale, including but not limited to reasonable attorneys’ fees and fees incurred in connection with Xxxxxxxxx’s default;
(ii) to the payment of any disbursements made by Mortgagee for taxes, assessments, or other charges prior to the lien or security interest created by this Mortgage;
(iii) to the repayment of any other disbursements made by Mortgagee under the Loan Documents;
(iv) to the Debt, including the prepayment fee (if any) to the extent permitted by law; and
(v) any remainder to Mortgagor or to others entitled to it.
(B) If the proceeds of an Enforcement Sale are insufficient to repay all of the Debt, including but not limited to all reasonable costs incurred and disbursements made by Mortgagee in taking possession, holding, and managing the Mortgaged Properties, Mortgagee may require payment of the deficiency from Mortgagor and any other Persons liable for the Debt.
Application of the proceeds. All proceeds of any sale of the --------------------------- Collateral by Secured Parties pursuant to Section 7 shall be applied as follows: First, to the payment of all fees and expenses incurred by Secured Parties in connection with any such sale, including, but not limited to, the expenses of taking, advertising, processing and preparing the Collateral to be sold, all court costs and reasonable fees of counsel for Secured Parties in connection therewith; Second, to the payment of accrued interest, if any, on the Notes, to the date of receipt of such proceeds, on a pro rata basis, based on each Secured Party's respective interest in the then unpaid Indebtedness;
Application of the proceeds. All proceeds of any sale of the Collateral by Investor pursuant to paragraph 6 shall be applied as follows:
(a) First, to the payment of all fees and expenses incurred by Investor in connection with any such sale, including, but not limited to, the expenses of taking, advertising, processing, preparing and storing the Collateral to be sold, all court costs and reasonable fees of counsel for Investor in connection therewith;
(b) Second, to the payment of accrued interest, if any, on the Note held by Investor, to the date of receipt of such proceeds;
(c) Third, to the payment of the outstanding principal balance of the Note;
(d) Fourth, to the Company.
Application of the proceeds. All proceeds of any sale of the Collateral by Lender pursuant to Section 4 shall be applied as follows: (i) first, to the payment of all fees and expenses incurred by the Lender in connection with any such sale, including, but not limited to, the expenses of taking, advertising, processing, preparing and storing the Collateral to be sold, all court costs and reasonable fees of counsel for the Lender in connection therewith; (ii) second, to the payment of accrued interest, if any, on the Relevant Indebtedness, to the date of receipt of such proceeds; (iii) third, to the payment of the outstanding principal balance of the Relevant Indebtedness; and (iv) fourth, to the Company.
Application of the proceeds. All proceeds of any sale of the Collateral by Secured Party pursuant to Section 6 shall be applied as follows: First, to the payment of all fees and expenses incurred by Secured Party in connection with any such sale, including, but not limited to, the expenses of taking, advertising, processing and preparing the Collateral to be sold, all court costs and reasonable fees of counsel for Secured Party in connection therewith; Second, to the payment of the outstanding balance of the Note; Third, to the Deferred Payments; Fourth, to the Equity Payout; and Fifth, to Debtor.
Application of the proceeds. Subject to the rights of any preferential creditors under any applicable law, the Security Trustee agrees with the Issuer to pay any sums received or recovered by the Security Trustee from or by the enforcement of the Issuer-owned Bonds Security and/or the BTC Security granted to secure the Security Trustee Claim in the following order:
(a) in discharging any sums owing to the Security Trustee;
(b) in discharging all costs and expenses incurred by the Security Trustee in connection with any realisation or enforcement of the Relevant Security taken in accordance with the terms of this Agreement, or any action taken at the request of the Security Trustee;
(c) in discharging all costs and expenses incurred by the Bondholders' Representative in connection with any realisation or enforcement of the Relevant Security taken in accordance with the terms of this Agreement, or any action taken at the request of the Security Trustee;
(d) in discharging any sums owing to the relevant Bondholder or Bondholders; and
(e) the balance, if any, in payment or distribution to the Issuer.
