Distribution of Collateral. The Securities Intermediary shall hold the Collateral in its possession until instructed hereunder to deliver the Collateral or any specified portion thereof in accordance with a Written Instruction signed by an Authorized Person of Secured Party pursuant to Section 7 or 15 hereof.
Distribution of Collateral. Upon enforcement of this Agreement following the occurrence of an Event of Default, the proceeds of the Collateral shall be applied as received from time to time by the Secured Party as follows:
Distribution of Collateral. Upon enforcement of this Security Agreement following the occurrence of an Event of Default, the proceeds of the Collateral shall be applied as provided in the Loan Agreement.
Distribution of Collateral. Subject to Section 5.09 of the Pledge and Security Agreement, each amount collected or otherwise realized by the Administrative Agent in respect of the Collateral while an Event of Default has occurred and is continuing shall be allocated and paid over to (i) the Revolving Credit Lenders, the Swingline Lender and the LC Bank and (ii) the Term Loan Lenders in respect of the Secured Obligations due and owing (including provision of cover for LC Exposure) to them pro rata in accordance with the Revolving Credit Exposure (or, if the Revolving Credit Commitments have not been terminated, the Revolving Credit Commitments) and the aggregate principal amount of the Term Loans, respectively.
Distribution of Collateral. (a) Distribution of collateral consists of:
Distribution of Collateral. (a) Securities Intermediary shall only deliver Pledged Shares (or Cash Collateral, to the extent applicable) to Pledgor in the circumstances contemplated by Section 4.05, 4.06 or 4.16 of the PSA following delivery of Written Instructions substantially in the form of the Written Instructions contemplated by Exhibit B or C of the PSA (in the circumstances contemplated by Section 4.05 and 4.06 of the PSA, respectively) or a written notice from the Pledgor notifying the termination of the PSA delivered two years after the date of the Closing under and as defined in the stock purchase agreement dated as of the date hereof between the Secured Parties and an affiliate of the Pledgor (in the circumstances contemplated by Section 4.16 of the PSA), unless at or prior to such time a Notice of Exclusive Control or any Hold Notice has been delivered and continues to be in effect, in which case the Securities Intermediary shall not comply with the Written Instructions of the Pledgor except as to any undisputed portion of the Collateral as described in the relevant Hold Notice.
Distribution of Collateral. ProceedsIn the event that, following the occurrence or during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
