Distribution and Application of Payments. Received When an Event of Default Exists or Has Ceased to Exist Following Rejection of a Lease.........................5 SECTION 3.6
Distribution and Application of Payments. Received When an Event of Default Exists or Has Ceased to Exist Following Rejection of the Lease.
Distribution and Application of Payments. Received When an Event of Default Exists or Has Ceased to Exist Following Rejection of the Lease. . . . . . . . . . . . . . . . . . . . . . 8 SECTION 3.6
Distribution and Application of Payments. Received When an --------------------------------------------------------- Event of Default Exists or Has Ceased to Exist Following Rejection of the Lease. -------------------------------------------------------------------------------
Distribution and Application of Payments. All amounts received by the Agent shall be distributed and applied in the following order: first, to the payment of any Fees, Expenses or other Obligations (other than those Obligations specifically referred to in this Section) due and payable to the Agent under any of the Credit Documents, including any amounts advanced by the Agent on behalf of the Lenders; second, to the ratable payment of any Fees, Expenses or other Obligations due and payable to the Lenders under any of the Credit Documents other than those Obligations specifically referred to in this Section; third, to the ratable payment of interest due on the Loans; and forth, to the ratable payment of principal due on the Loans. -11- SECTION 3.11.
Distribution and Application of Payments. Payments of Rent and proceeds of the Leased Properties shall be distributed as set forth in Article VI of the Master Agreement.
Distribution and Application of Payments. RECEIVED WHEN AN EVENT OF DEFAULT EXISTS OR HAS CEASED TO EXIST FOLLOWING REJECTION OF THE LEASE. Any payments received by the Lessor or the Credit Bank when an Event of Default exists (or has ceased to exist by reason of a rejection of the Lease in a proceeding with respect to the Lessee described in ARTICLE XIII(g) of the Lease), as either or both:
Distribution and Application of Payments. Received When an Event of Default Exists or Has Ceased to Exist Following Rejection of the Lease......................................31 SECTION 6.8 Distribution of Other Payments.................32 SECTION 6.9 Timing of Agent Distributions..................32 SECTION 6.10 Release of Leased Properties...................32 ARTICLE VII. INDEMNIFICATION...............................................33 SECTION 7.1 General Indemnification........................33 SECTION 7.2 Environmental Indemnity........................35 SECTION 7.3 Proceedings in Respect of Claims...............36 SECTION 7.4 General Tax Indemnity..........................38 SECTION 7.5 Increased Costs, etc...........................44 SECTION 7.6 End of Term Indemnity..........................47 ARTICLE VIII. MISCELLANEOUS.................................................48 SECTION 8.1 Survival of Agreements.........................48 SECTION 8.2 Documentary Conventions........................49 SECTION 8.3 Expenses.......................................49 SECTION 8.4 Liabilities of the Funding Parties: Sharing of Payments....................................49 SECTION 8.5 Liabilities of the Agent.......................50 APPENDIX A Definitions and Interpretation SCHEDULE 2.2 Commitments SCHEDULE 8.2 Notice Addresses EXHIBITS EXHIBIT A Form of Funding Request EXHIBIT B Form of Assignment of Lease and Rents EXHIBIT C Form of Security Agreement and Assignment EXHIBIT D-1 Form of Mortgage EXHIBIT D-2 Form of Deed of Trust EXHIBIT E Form of Joinder Agreement EXHIBIT F Form of Assignment and Acceptance Agreement EXHIBIT G Forms of Opinions of Counsel EXHIBIT H Form of Certification of Construction Completion EXHIBIT I Form of Payment Date Notice MASTER AGREEMENT THIS MASTER AGREEMENT, dated as of July 30, 2001 (as it may be amended or modified from time to time in accordance with the provisions hereof, this "MASTER AGREEMENT"), is among ADESA CORPORATION, an Indiana corporation ("ADESA"), as a Guarantor, ADESA CALIFORNIA, INC., a California corporation ("ADESA CALIFORNIA"), and certain other Subsidiaries of ADESA that may hereafter become parties hereto as lessees pursuant to SECTION 3.6 (individually, a "LESSEE" and collectively the "LESSEES"), as Lessees, ATLANTIC FINANCIAL GROUP, LTD., a Texas limited partnership (the "LESSOR"), certain financial institutions parties hereto as lenders (together with any other financial institution that becomes a party hereto as a lender, collectively referred...
Distribution and Application of Payments. RECEIVED WHEN AN EVENT OF DEFAULT EXISTS OR HAS CEASED TO EXIST FOLLOWING REJECTION OF THE LEASE.
Distribution and Application of Payments. Unless an Event of Default has occurred and is continuing, all payments received by Agent shall be applied against the Obligations in the following order: first, to the payment of any Expenses due and payable to Agent under any of the Bridge Loan Documents; second, to the ratable payment of any Expenses or Obligations due and payable to Lenders under any of the Bridge Loan Documents, other than those Obligations specifically referred to in the two clauses below; third, to the ratable payment of interest due on the Consolidated Bridge Loan; and, finally, to the ratable payment of principal due on the Consolidated Bridge Loan.
