Disposition of Proceeds of Sale. The proceeds resulting from the collection, liquidation, sale or other disposition of the Collateral shall be applied, first, to the reasonable costs and expenses (including reasonable attorneys' fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Collateral, and the like; second, to the satisfaction of all Obligations; and third, any surplus remaining after the satisfaction of all Obligations, to be paid over to the Grantors or to whomsoever may be lawfully entitled to receive such surplus.
Appears in 6 contracts
Samples: Securities Purchase Agreement (Mount Knowledge Holdings, Inc.), Security Agreement (Leviathan Minerals Group Inc.), Security Agreement (Leviathan Minerals Group Inc.)
Disposition of Proceeds of Sale. The proceeds resulting from the collection, liquidation, sale or other disposition of the Collateral hereunder shall be applied, first, to the reasonable costs and expenses (including reasonable attorneys' fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Collateral, and the like; second, to the satisfaction of all Obligations; and third, any surplus remaining after the satisfaction of all Obligations, to be paid over to the Grantors or to whomsoever may be lawfully entitled to receive such surplus.
Appears in 3 contracts
Samples: Security Agreement (Columbia Capital LLC), Security Agreement (DSL Net Inc), Guarantee Agreement (DSL Net Inc)
Disposition of Proceeds of Sale. The proceeds resulting from the collection, liquidation, sale or other disposition of the Collateral shall be applied, first, to the reasonable costs and expenses (including reasonable attorneys' β fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Collateral, and the like; second, to the satisfaction of all Obligations; and and, third, any surplus remaining after the satisfaction of all Obligations, to Obligations shall be paid over to the Grantors Grantor or to whomsoever may be lawfully entitled to receive such surplus.
Appears in 2 contracts
Samples: Security Agreement (Vendingdata Corp), Security Agreement (Vendingdata Corp)
Disposition of Proceeds of Sale. The proceeds resulting from the ------------------------------- collection, liquidation, sale or other disposition of the Collateral shall be applied, first, to the reasonable costs and expenses (including reasonable ----- attorneys' fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Collateral, and the like; second, ------ to the satisfaction of all Obligations; and third, any surplus remaining after ----- the satisfaction of all Obligations, provided no Commitment exists, to be paid over to the Grantors Grantor or to whomsoever may be lawfully entitled to receive such surplus.
Appears in 2 contracts
Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)
Disposition of Proceeds of Sale. The proceeds resulting from the collection, liquidation, sale or other disposition of the Collateral shall be applied, first, to the reasonable costs and expenses (including reasonable attorneys' β fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Collateral, and the like; second, to the satisfaction of all Obligations; and third, any surplus remaining after the satisfaction of all Obligations, to be paid over to the Grantors or to whomsoever may be lawfully entitled to receive such surplus.
Appears in 2 contracts
Samples: Loan Agreement (Palm Inc), Security Agreement (New Athletics, Inc.)
Disposition of Proceeds of Sale. The proceeds resulting from the collection, liquidation, sale or other disposition of the Collateral shall be applied, first, to the reasonable costs and expenses (including reasonable attorneys' fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting sale and liquidating selling the Collateral, and the like; second, to the satisfaction of all outstanding Obligations; and and, third, any surplus remaining after the satisfaction of all Obligations, outstanding Obligations to be paid over to the Grantors Grantor or to whomsoever may be lawfully entitled to receive such surplus.
Appears in 2 contracts
Samples: Pledge and Security Agreement (American Business Financial Services Inc /De/), Pledge and Security Agreement (American Business Financial Services Inc /De/)