Common use of Disposition of Proceeds of Sale Clause in Contracts

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged 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 Pledged Collateral, and the like; SECOND, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations to be in the order set forth in the Loan Agreement or other Loan Documents; and, THIRD, to all other indebtedness secured hereby in such order and manner as Bank in its sole and absolute discretion may determine.

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged Collateral shall be applied, FIRSTfirst, to the reasonable costs and expenses (including reasonable attorneys: ’ fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Pledged Collateral, and the like; SECONDsecond, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations to be in the order set forth in the Loan Credit Agreement or other Loan Documents; and, THIRDthird, to all other indebtedness secured hereby in such order and manner as Bank Secured Parties in its their sole and absolute discretion may determine.

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged Collateral shall be applied, FIRSTfirst, to the reasonable costs and expenses (including reasonable attorneys: ’ fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Pledged Collateral, and the like; SECONDsecond, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations to be in the order set forth in the Loan Letter Agreement or other Loan Documents; and, THIRDthird, to all other indebtedness secured hereby in such order and manner as Bank Secured Party in its sole and absolute discretion may determine.

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged Collateral shall be applied, FIRSTfirst, to the reasonable costs and expenses (including reasonable attorneys: ' fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Pledged Collateral, and the like; SECONDsecond, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations to be in the order set forth in the Loan Agreement or other Loan Documents; and, THIRDthird, to all other indebtedness secured hereby in such order and manner as Bank Secured Party in its sole and absolute discretion may determine.

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged Collateral shall be applied, FIRSTfirst, to the reasonable costs and expenses (including reasonable attorneys: ’ fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Pledged Collateral, and the like; SECONDsecond, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations to be in the order set forth in the Loan Letter Agreement or other Loan Documents; and, THIRDthird, to all other indebtedness secured hereby in such order and manner as Bank the Lender in its sole and absolute discretion may determine.

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged Collateral shall be applied, FIRSTfirst, to the reasonable costs and expenses (including reasonable attorneys: ’ fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Pledged Collateral, and the like; SECONDsecond, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations Obligation to be in the order set forth in the Loan Credit Agreement or other Loan Documents; and, THIRDthird, to all other indebtedness secured hereby in such order and manner as Bank Secured Party in its sole and absolute discretion may determine.

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged Collateral shall be applied, FIRSTfirst, to the reasonable costs and expenses (including reasonable attorneys: ' fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Pledged Collateral, and the like; SECONDsecond, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations to be in the order set forth in the Loan Credit Agreement or other Loan Documents; and, THIRDthird, to all other indebtedness secured hereby in such order and manner as Bank Secured Parties in its their sole and absolute discretion may determine.

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged Collateral shall be applied, FIRSTfirst, to the reasonable costs and expenses (including reasonable attorneys: ’ fees) of retaking, holding, storing, processing and preparing for sale, selling, collecting and liquidating the Pledged Collateral, and the like; SECONDsecond, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations to be in the order set forth in the Loan Credit Agreement or other Loan Documents; and, THIRDthird, to all other indebtedness secured hereby in such order and manner as Bank Secured Parties in its their sole and absolute discretion may determine.

Disposition of Proceeds of Sale. The net cash proceeds resulting from the collection, liquidation, sale or other disposition of the Pledged 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 Pledged Collateral, and the like; SECOND, to the satisfaction of all Secured Obligations, with application as to any particular Secured Obligations to be in the order set forth in the Loan Agreement or other Loan Documents; and, THIRD, to all other indebtedness secured hereby in such order and manner as Bank Secured Party in its sole and absolute discretion may determine.