Common use of Distribution of Collateral Proceeds Clause in Contracts

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of Loan Parties, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, Lender receive any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of Loan PartiesCollateral, such monies shall be distributed for application in accordance with the Loan Documents to such portion of the Loans as follows:Lender may desire.

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of Loan Partiesthe Borrower or the Guarantors, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Loan Parties, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Default or Event of Default, the Bank receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of Loan PartiesCollateral, such monies shall be distributed for application as follows: a. First, to the Obligations in such order or preference as the Bank may determine;