Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 24 contracts
Samples: Revolving Credit Agreement (Digitas Inc), Revolving Credit Agreement (Anacomp Inc), Revolving Credit Agreement (Hasbro Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, Lender receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 6 contracts
Samples: Loan and Security Agreement (Griffin Industrial Realty, Inc.), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Loan Agreement (Sepracor Inc /De/)
Distribution of Collateral Proceeds. In the event that, that following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documentssecurity documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 4 contracts
Samples: Credit Agreement (HPSC Inc), Credit Agreement (HPSC Inc), Revolving Credit Agreement (National Auto Finance Co Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any BankLender, as the case may be, receives any monies 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:
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Dave & Busters Inc), Credit and Guaranty Agreement (Humphrey Hospitality Trust Inc), Revolving Credit and Term Loan Agreement (Dave & Busters Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies 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:
Appears in 3 contracts
Samples: Credit Agreement (Raytel Medical Corp), Revolving Credit and Term Loan Agreement (Western Digital Corp), Credit and Term Loan Agreement (Dave & Busters Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any BankLender, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 2 contracts
Samples: Credit Agreement (Transtechnology Corp), Credit Agreement (Ict Group Inc)
Distribution of Collateral Proceeds. In the event that, If following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, Lender receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 2 contracts
Samples: Loan Agreement (Applied Opsec Corp), Loan Agreement (Optical Security Group Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any BankLender, as the case may be, receives any monies in connection with the enforcement of any the Security DocumentsLoan Document, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 2 contracts
Samples: Credit and Security Agreement (Columbus McKinnon Corp), Credit and Security Agreement (Audubon West Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or and during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives 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:
Appears in 2 contracts
Samples: Revolving Credit Agreement (American Real Estate Investment Corp), Revolving Credit Agreement (American Real Estate Investment Corp)
Distribution of Collateral Proceeds. In the event that, that following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Bank, as the case may be, receives any monies 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:
Appears in 2 contracts
Samples: Term Loan Agreement (Emmis Communications Corp), Revolving Credit (Emmis Communications Corp)
Distribution of Collateral Proceeds. In the event that, that following the occurrence or and during the continuance of any Default or an Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documentsmonies, whether pursuant to ss.2.3(c), ss.10 or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Samples: Loan Agreement (Metallurg Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent Agent, any Bank or any the Bank Guarantee Bank, as the case may be, receives any monies 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:
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Western Digital Corp)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent Administrative Agent, the Issuing Bank or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Samples: Revolving Credit Agreement (Trico Marine Services Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Bell Sports Corp)
Distribution of Collateral Proceeds. In the event that, that following the occurrence or and during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Samples: Revolving Credit Agreement (Freedom Securiteis Corp /De/)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, of its rights hereunder or otherwise with respect to the realization upon under any of the Collateralother Credit Documents, such monies shall be distributed for application as follows:
Appears in 1 contract
Samples: Credit Agreement (Bacou Usa Inc)
Distribution of Collateral Proceeds. In the event that, following the ------------------------------------ occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P)
Distribution of Collateral Proceeds. In the event that, that following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any or all of the Security Documents, Loan Documents or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Distribution of Collateral Proceeds. In the event that, that following the occurrence or and during the continuance of any Default or an Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documentsmonies, whether pursuant to Section 2.3(c), Section 10 or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any of the Security Documents, or otherwise with respect to the realization upon any of the CollateralCollateral (in each case following the grant of any security interest in accordance with section 6.2), such monies shall be distributed for application as follows:
Appears in 1 contract
Distribution of Collateral Proceeds. In the event that, that following the occurrence or during the continuance of any Default or Event of Default, the Managing Agent or any Bank, as the case may be, receives any monies 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:
Appears in 1 contract
Distribution of Collateral Proceeds. In the event that, following ----------------------------------- the occurrence or during the continuance of any Default or Event of Default, the any Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Samples: Revolving Credit Agreement (California Steel Industries Inc)
Distribution of Collateral Proceeds. (a) In the event that, following the occurrence or and during the continuance of any Default or Event of Default, the either Agent or any BankLender, as the case may be, receives any monies 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 applied to the Obligations as follows:: 106
Appears in 1 contract
Distribution of Collateral Proceeds. In the event that, that following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies whether pursuant to Section 2.12 or Section 2.14 hereof, in connection with the enforcement of any of the Security Documents, or otherwise otherwise, with respect to the collection or realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
Samples: Loan Agreement (Lamonts Apparel Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of that any Default or Event of Default, Default has occurred and is continuing and the Agent or any Bank, as the case may be, receives any monies 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:
Appears in 1 contract
Samples: Revolving Credit Agreement (American Restaurant Group Inc)
Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Loan Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows:
Appears in 1 contract
