Appropriation of Proceeds. The proceeds of the sale shall be received by the Company and applied in payment of such part of the amount in respect of which the lien exists as is presently payable and in payment of any other moneys due and payable to the Company and the residue if any shall (subject to a like lien for sums not presently payable as existed upon the shares before the sale) be paid to the person registered or entitled to be registered as the holder of the shares immediately prior to the sale.
Appropriation of Proceeds. Subject to the Facility Agreement, the Debt Guarantor shall apply the net proceeds of all amounts received pursuant to the sale or other realisation of Secured Property or from the appropriation of cash amounts which constitute Secured Property under this Agreement (after deducting all properly evidenced costs and expenses incurred by the Debt Guarantor in relation to that sale or realisation) in reduction or discharge of the Secured Obligations in such order and in such manner as the Debt Guarantor deems fit. Any amount remaining thereafter shall be paid to the relevant Cedent within fifteen Business Days of the Discharge Date.
Appropriation of Proceeds. Nedbank shall apply the net proceeds of all amounts received pursuant to the sale or other realisation of the ARM Shares and/or the Reversionary Rights and Interests (after deducting all properly evidenced costs and expenses incurred by Nedbank in relation to such realisation) in reduction or discharge, as the case may be, of the Pledgor's obligations under the Secured Obligations in its sole discretion as it deems fit. Any amount remaining thereafter shall be paid to the Pledgor provided that all of the Secured Obligations have been completely, unconditionally and irrevocably fulfilled.
Appropriation of Proceeds. Nedbank shall apply the net proceeds of all amounts received pursuant to the sale or other realisation of the ARM Shares and/or the Rights and Interests (after deducting all properly evidenced costs and expenses incurred by Nedbank in relation to such realisation) in reduction or discharge, as the case may be, of the Pledgor's obligations under the Secured Obligations in its sole discretion as it deems fit. Any amount remaining thereafter shall be paid to the Pledgor provided that all of the Secured Obligations and any other obligations (whether actual or contingent, present or future) of the Pledgor pursuant to the Second Ranking Cession and Pledge, have been completely, unconditionally and irrevocably fulfilled.
Appropriation of Proceeds. The Lender shall apply the net proceeds of all amounts received pursuant to the sale or other realisation of the Pledged Shares and/or the Rights and Interests (after deducting all properly evidenced costs and expenses incurred by the Lender in relation to such realisation) in reduction or discharge, as the case may be, of the Parent’s obligations under the Secured Obligations in its sole discretion as it deems fit. Any amount remaining thereafter shall, within 10 (ten) Business Days after receipt of the excess sale or realisation proceeds, be paid to the Parent provided that all of the Secured Obligations have been completely, unconditionally and irrevocably fulfilled.
Appropriation of Proceeds. The South African Finance Parties may appropriate all amounts received pursuant to the collection, sale or other realisation of the Rights and Interests as the South African Finance Parties in their sole discretion see fit.
