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:
Appears in 9 contracts
Samples: German Security and Security Trust Agreement, German Security and Security Trust Agreement, German Security and Security Trust Agreement
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 owned Bonds Security and/or the Cryptocurrency BTC Security granted to secure the Security Trustee Claim in the following order:
Appears in 1 contract